Great infill residential development opportunity in growing SW of Atlanta I-85 corridor. Zoned Neighborhood Commercial with rezoning to R2 being a prospect. Seller Financing available. This property is ideally located and surrounded by established residential development in the city of Palmetto, Georgia. This parcel is a great infill parcel in a well-established neighborhood. In walking distance to Palmetto Elementary school. As this I-85 corridor southwest of Atlanta continues to grow this property is well positioned for immediate development. Of the 16 acres, 14 acres was has been approved for rezoning to the R2 designation for Palmetto, GA in Fulton County. R2 zoning which allows approximately 3 units per acre. The remaining 2 acres was approved to remain as Neighborhood Commercial. This rezoning has not been completed due to concerns over a limited water supply availability for new development within the City of Palmetto. Due to this water issue, a use under Neighborhood Commercial may represent the best use of this property. Seller financing is available to a qualified party: Proposed terms: 20% Down payment, 3 Year Balloon Note amortized for 20 years, 5% Interest
Property Type :
Land
Subdivision :
Cumberland Harbour
County :
Fulton
Style :
Land
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Byowner are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2024 Georgia MLS. All rights reserved.
ByOwner last updated this listing 04/29/2024 @ 23:45
MLS: 10238748
LISTED BY: David Newman , CHRR01
SOURCE: Georgia MLS
Buyer Agency Compensation: 4%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
