Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Racetrack Rd McDonough, GA 30253

    For Sale
    $440,000

    4 Acres, Racetrack Road, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4-acre tract of agricultural land is situated on Racetrack Road in McDonough, Georgia, zip code 30253. Currently zoned for single-family residential (SFR), this property offers significant development potential. Its strategic location directly borders the City of McDonough, presenting a unique opportunity for annexation and potential rezoning. The seller is actively supportive of the rezoning process, and concept plans are available for review. The property boasts approximately 350 feet of road frontage, maximizing its visibility and accessibility. A key advantage is the absence of wetlands, creeks, or streams on the site, ensuring optimal usability. All utilities, except sewer, are currently available. Topographical surveys confirm the entire 4-acre parcel is buildable and ready for development. This property presents a rare chance to acquire a sizable, well-located parcel in a growing area, with the potential for substantial return on investment. The asking price is $440,000. This is a remarkable opportunity for developers and investors seeking a prime location in Henry County, Georgia.

    Property Features for 0 Racetrack Rd

    General Information

    Property type
    Farms
    Lot Size
    174,240 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McDonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.1333969
    Latitude
    33.4307301

    Nearby Similar for Sale

    • $525,000
      Pending

      Charming Office Space in McDonough

      Inviting office space with high ceilings and convenient location.
      48 Atlanta St, McDonough, GA 30253
      View Details
    • $2,999,997
      2,334 SF

      Prime Commercial Location Near I-75

      High-visibility commercial property near I-75 in McDonough, GA.
      3219 Jodeco Rd, McDonough, GA 30253
      View Details
    • $1,999,000
      Pending

      Versatile Commercial Property on 2 Acres

      High-visibility commercial property suitable for diverse uses and future development.
      2170 Jonesboro Rd, McDonough, GA 30253
      View Details
    • New
      $1,075,000
      16,144 SF

      Versatile Church Property in McDonough

      Church property with four buildings totaling 16,144 square feet.
      3707 Jodeco Rd, McDonough, GA 30253
      View Details
    • $400,000
      0.51 Acres

      Charming, Updated McDonough Office Space

      Renovated 1930s commercial space in the heart of McDonough, GA.
      3949 Jodeco Rd, McDonough, GA 30253
      View Details
    • $475,000
      2,760 SF

      Mcdonough Commercial Property For Sale

      Commercial property in Mcdonough, GA available for sale or lease.
      400 Highway 81 E, McDonough, GA 30252
      View Details

    FAQs

    What type of property is this?
    Farm - 4 Acres, Racetrack Road, Development Potential
    Where is this farm located?
    The property is located at Racetrack Rd McDonough, GA.
    What is the asking price?
    The asking price for this property is $440,000.
    Request Owner's contact information
    Racetrack Rd McDonough, GA 30253
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Racetrack Rd
    McDonough, GA 30253
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Racetrack Rd McDonough, GA 30253
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.