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    1209 Iris Lake Rd McDonough, GA 30252

    For Sale
    $2,900,000

    Georgia RV Park - 67 Acres, Lakefront

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 67.69± acre property in McDonough, Georgia (Henry County, zip code 30252, located at 1209 Iris Lake Rd) presents a unique investment opportunity. Currently operating as an established RV park with existing rental income, this property boasts a private 22± acre lake, providing significant potential for expansion and development. The land is zoned RA and utilities are readily available, making it ideal for various hospitality ventures. The expansive acreage offers ample room for future growth, including the development of a lakefront community. This "as is" offering is priced below market value and eliminates any zoning contingencies, presenting a compelling opportunity for immediate acquisition and development. The property's location in Henry County, Georgia, offers convenient access to major transportation routes and amenities. This is a rare chance to acquire a substantial, income-generating property with significant upside potential in a desirable location. The existing infrastructure and established rental income stream provide a solid foundation for immediate returns and future expansion. Don't miss this chance to own a thriving business with substantial growth potential.

    Property Features for 1209 Iris Lake Rd

    General Information

    Property type
    Multifamily properties

    HighLights

    • 67.69± acre Henry County land parcel.
    • 66‑acre tract with private 22± acre lake.
    • Existing rental income stream and expansion land.
    • Utilities readily available.
    • RA zoning designation.
    • Excellent opportunity for hospitality or lakefront community development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Realty agency Law Firm Auto Repair Shop Hair Salon Accounting Firm HVAC Service Pawn Shop Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    McDonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.1149806
    Latitude
    33.3981755

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    FAQs

    What type of property is this?
    Multifamily property - Georgia RV Park - 67 Acres, Lakefront
    Where is this multifamily property located?
    The property is located at 1209 Iris Lake Rd McDonough, GA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 67.69± acre Henry County land parcel.; 66-acre tract with private 22± acre lake.; Existing rental income stream and expansion land.
    Request Owner's contact information
    1209 Iris Lake Rd McDonough, GA 30252
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    McDonough, GA 30252
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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
    1209 Iris Lake Rd McDonough, GA 30252
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