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    Lake Pkwy McDonough, GA 30253

    Sponsored
    For Sale
    $239,000

    1.12-acre residential lot, rezoning opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.12-acre parcel presents a unique investment opportunity in McDonough, Georgia. Currently zoned residential, this property boasts significant potential for commercial development, given its prime location and promising surrounding growth. The lot features approximately 600 feet of frontage along E Lake Pkwy, providing excellent visibility and accessibility. All utilities are readily available, simplifying the development process. The property's strategic location is further enhanced by the anticipated arrival of Chevron and the construction of a 300-unit multifamily apartment complex nearby, indicating a surge in population and commercial activity in the immediate area. This translates to increased demand and potential for higher returns on investment. The Henry County location, with APN 087-02010006, offers a stable and growing market. The asking price for this exceptional land is $239,000. This is a rare chance to acquire a strategically positioned property with high upside potential in a rapidly developing area. Serious inquiries are encouraged. The property is being offered for sale by owner.

    Property Features for 0 Lake Pkwy

    General Information

    Property type
    Land
    Lot Size
    48,787 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    McDonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.1617331
    Latitude
    33.5172639

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    FAQs

    What type of property is this?
    Land - 1.12-acre residential lot, rezoning opportunity.
    Where is this land located?
    The property is located at Lake Pkwy McDonough, GA.
    What is the asking price?
    The asking price for this property is $239,000.
    (404) 759-7536
    Request Owner's contact information
    Lake Pkwy McDonough, GA 30253
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    McDonough, GA 30253
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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
    Lake Pkwy McDonough, GA 30253
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