1055 Lancashire Circle
Stone Mountain, GA 30083
3.13Acres(Lot)
The site is approved for 48 grandfathered multifamily units, exceeding current density codes, and is positioned for ground-up development targeting LIHTC programs. By-right entitlement provides immediate development capability while avoiding lengthy rezonings and significant associated costs. Situated within a Qualified Opportunity Zone (QOZ), the property provides potential for substantial tax advantages, including capital gains deferral and a 10-year step-up to fair market value, with the OZ window open through December 31, 2028. At a competitive basis of $18,646 per door, the site pricing remains well below replacement costs and recent land transactions in the area. The property benefits from strong demand drivers: proximity to I-285 and downtown Decatur employment hubs, integrati
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1981 Private Pool: No View: Other
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Lot Information
Lot Dimensions: x Lot Size Acres: 3.126 Lot Size Source: Plans Lot Description: Wooded, LevelProperty Information
Subdivision: Lancashire Court LTD (Phase II) Source Property Type: Land Postal Code Plus 4: 2874 Zoning Description: Multifamily Property SubType: Multi Family Property Age: 45
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Listing Price Information
Listing Price: $900000
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Tax Information
Tax Lot: 0 Tax Year: 2025 Annual Tax: $1383 Tax Legal Desc: All that tract or parcel of land lying and being in Land Lot 91 of the 18th District, DeKalb County, Georgia, shown as "Phase II, Lancashire Court, Ltd." on plat of survey by E. A. Anderson & Associates dated September 24, 1980, and being more particularly described in Deed Book 4674, Page 7, DeKalb County, Georgia records. Land Lot 91, 18th District, DeKalb County, Georgia, per Deed Book 4674, Page 7, DeKalb County records; a/k/a 1055 Lancashire Circle, Stone Mountain, GA 30083
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School Information
Elementary School: Stone MillJunior High School: Stone MountainSenior High School: Stone Mountain -
Utility Information
Electricity Available, Natural Gas Available, Sewer Available -
Location Information
Direction: I-285 to Exit 41 (Memorial Dr East). East approx. 3.5 miles to Central Drive; turn right, then right on Lancashire Circle. Site on SE side. GPS-friendly address.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1093 Third Street, Stone Mountain, GA, 30083 | $440,000 | 5 | 3 | 2,793 | 0.15 Acre(Lot) |
| 709 Ridge Avenue, Stone Mountain, GA, 30083 | $99,500 | -- | -- | -- | 0.90 Acre(Lot) |
| 709 Ridge Avenue, Stone Mountain, GA, 30083 | $99,500 | -- | -- | -- | 0.90 Acre(Lot) |
| 4941 Mountainside Trail, Stone Mountain, GA, 30083 | $310,000 | 4 | 3 | 2,441 | 0.05 Acre(Lot) |
| 4898-4912 Rockbridge Road, Stone Mountain, GA, 30083 | $135,000 | -- | -- | -- | 1.20 Acres(Lot) |
| 405 N Hairston Road, Stone Mountain, GA, 30083 | $58,900 | -- | -- | -- | 0.24 Acre(Lot) |
| 405 N Hairston Road, Stone Mountain, GA, 30083 | $58,900 | -- | -- | -- | 0.24 Acre(Lot) |
| 721 Aberdeen Drive, Stone Mountain, GA, 30083 | $55,000 | -- | -- | -- | 0.50 Acre(Lot) |
| 4616 Garden Hills Drive, Stone Mountain, GA, 30083 | $174,900 | 3 | 2 | 1,080 | 0.17 Acre(Lot) |
| 4575 Ruby Road, Stone Mountain, GA, 30083 | $87,500 | -- | -- | -- | 0.52 Acre(Lot) |
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ByOwner last updated this listing 07/06/2026 @ 07:54
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