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    2697 Kelly Lake Rd Decatur, GA 30032

    For Sale
    Contact for pricing

    3.8 Acres, RSM Zoning, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3.8-acre parcel presents a prime opportunity for townhome development in desirable Decatur, Georgia. Located in unincorporated DeKalb County at 2697 Kelly Lake Rd, 30032, this property boasts a strategic location less than a mile from a thriving, rapidly selling townhome community. The site is currently zoned R75, but a site plan indicates the potential for up to 28 townhomes under the RSM zoning designation. This rezoning offers the added benefit of Opportunity Zone incentives, enhancing the investment potential. Convenient access to major thoroughfares, including I-20 and I-285, ensures easy commutes for future residents. The property's location within a Qualified Opportunity Zone provides significant tax advantages for investors. This is a rare chance to capitalize on the high demand for townhomes in this area, with the potential for substantial returns. The property's latitude and longitude coordinates are 33.7157713 and -84.2798281 respectively. Detailed site plans and zoning information are available upon request. Don't miss this exceptional opportunity to develop a thriving townhome community in a highly sought-after location.

    Property Features for 2697 Kelly Lake Rd

    General Information

    Property type
    Land
    Lot Size
    165,528 SF

    HighLights

    • 3.8‑acre site in unincorporated DeKalb County.
    • R75 zoning; potential for 28 townhomes with Opportunity Zone incentives via RSM rezoning.
    • Nearby comparable townhome development experiencing strong sales velocity.
    • Excellent access to I‑20, I‑285, and Decatur.
    • Qualified Opportunity Zone location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.2798281
    Latitude
    33.7157713

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    FAQs

    What type of property is this?
    Land - 3.8 Acres, RSM Zoning, Opportunity Zone
    Where is this land located?
    The property is located at 2697 Kelly Lake Rd Decatur, GA.
    What are key features of this property?
    This property features: 3.8-acre site in unincorporated DeKalb County.; R75 zoning; potential for 28 townhomes with Opportunity Zone incentives via RSM rezoning.; Nearby comparable townhome development experiencing strong sales velocity.
    Request Owner's contact information
    2697 Kelly Lake Rd Decatur, GA 30032
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    Decatur, GA 30032
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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
    2697 Kelly Lake Rd Decatur, GA 30032
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