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    51 Pope St Newnan, GA 30263

    Sponsored
    For Sale
    $1,100,000

    Prime 4.12-acre lot, 11-unit potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional 4.12-acre commercial lot in Newnan, GA, presents a turnkey opportunity for developers. Located approximately 40 miles southwest of Atlanta, this site boasts all necessary zoning approvals and building permits for the immediate construction of eleven townhomes. Essential infrastructure, including water, electricity, and sewer lines, is currently being installed, minimizing upfront costs and expediting the development process. The property's desirable location offers easy access to amenities, schools, parks, and public transportation, ensuring high market demand for the future townhomes. Optional, pre-approved architectural plans are available, showcasing contemporary designs featuring 3- to 4-bedroom units, private garages, and outdoor living spaces. The seller, a builder, offers assistance with the construction process, providing a seamless transition from acquisition to completion. This project represents a compelling investment opportunity to capitalize on the thriving Newnan real estate market and create a high-value residential community. The site is ready for immediate development, making it an ideal choice for developers seeking a streamlined path to profitability.

    Property Features for 51 Pope St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    179,467 SF

    Building Details

    Year Built
    2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta - GA
    State
    Georgia
    Longitude
    -84.78375
    Latitude
    33.3789

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 4.12-acre lot, 11-unit potential
    Where is this commercial real estate located?
    The property is located at 51 Pope St Newnan, GA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (770) 495-5050
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    51 Pope St Newnan, GA 30263
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 Pope St Newnan, GA 30263
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