7701 S Dearing Rd
Covington, GA 30014
Terrain À vendre · 10,51 AC

The 10.51 acre development opportunity at 7701 South Dearing Street in Covington presents a compelling chance to capitalize on one of the Southeast’s most dynamic growth corridors. Fully approved for a 176 unit garden style multifamily community, the property is strategically positioned to benefit from a surge of economic expansion anchored by Rivian’s transformative electric vehicle manufacturing project. With roughly 7,500 new direct jobs expected upon completion and thousands more indirectly supported, the surrounding area is experiencing accelerated residential demand that far outpaces current supply.
The site’s generous configuration and level topography support an efficient, modern site plan with the potential for high quality Class A amenities including a clubhouse, a pool, and activated green space. Its frontage along South Dearing Street provides strong connectivity within Covington while maintaining direct access to Interstate 20, placing Atlanta’s urban core approximately 35 miles west. Newton County continues to benefit from population growth, business friendly governance, and significant public and private investment, making multifamily development an increasingly attractive long term play.
All utilities are available, and preliminary observations indicate adequate ground stability and drainage to support the approved improvements. Surrounded by expanding employment centers, modern retail, and community amenities, the site offers developers an opportunity to deliver much needed housing in a corridor experiencing unprecedented job creation. With a competitive land basis and strong demographic trends, the offering is well positioned for capital appreciation supported by durable household formation and strong prospective rental demand. The property’s turnkey approvals, scalable development plan, and proximity to major economic drivers make it an exceptional acquisition opportunity in a market primed for sustained growth.