$359,000 Price Analysis    ♡   Palmetto, GA 30268 Unknown bed 0 bath unknown SqFt ($0/SqFt) 16.4 acre lot. Listed 2024-01-07 | Ⓧ USDA Ineligible due to property near Palmetto |
Great infill resdential 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 fantastic 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
Presented by David Newman at
Chatt River Realty.
Property MLS #10238748 from GeorgiaMLS
Lot Size Acres: 16.4
Vegetation: Partially Wooded, Wooded
Lot Size Square Feet: 714384
Calculated Total Monthly Association Fees: 0
High School: South Atlanta
Middle School: Bear Creek
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Fulton
Current Use: Unimproved
Directions: 0 Carlton Rd is an unimproved tract along Carlton Rd in the city of Palmetto GA
Tax Year: 2020
Restrictions: No
Source Property Type: Land
Possible Use: Agricultural, Commercial, Office/Institutional, Residential
Source Neighborhood: Vacant - 16 Acres +-
Subdivision: Vacant - 16 Acres +-
Property Subtype: Unimproved Land
Source System Name: C2C
$359,000
GeorgiaMLS
Cable Available
Electricity Available
Natural Gas Available
Phone Available
Water Available
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.