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    161 Foster Dr McDonough, GA 30253

    For Sale
    $1,120,000

    Prime McDonough acreage, high-density potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.05-acre parcel in McDonough, Georgia, presents a remarkable investment opportunity. Located at 161 Foster Drive, Henry County, this property is zoned RA (Residential-Agricultural) and boasts a future land use designation of HDMU (High Density Mixed Use). Its strategic location offers unparalleled access to major transportation arteries, situated just 0.5 miles from I-75 at Exit 221 (Jonesboro Road), ensuring convenient connectivity throughout the region. The expansive lot size allows for a diverse range of development possibilities, including townhomes, multi-family residential units, medical office buildings, retail spaces, hotels, or self-storage facilities. The property's zoning and future land use designation create a compelling case for significant appreciation and a strong return on investment. This is an exceptional opportunity to acquire a substantial land holding in a rapidly growing area with immense potential for future development. The asking price for this prime commercial and residential land is $1,120,000. The property's address is 161 Foster Dr, McDonough, GA 30253. This is a rare chance to secure a large tract of land with high-density mixed-use potential in a desirable location.

    Property Features for 161 Foster Dr

    General Information

    Property type
    Land
    Lot Size
    176,418 SF

    HighLights

    • $1,120,000 asking price for 4.05 acres of land.
    • Located in McDonough, Henry County, Georgia (30253), at 161 Foster Dr.
    • RA (Residential‑Agricultural) zoning; future land use designated as High Density Mixed Use (HDMU).
    • Excellent location, 0.5 miles from I‑75 Exit 221.
    • Development potential includes townhomes, multi‑family, medical office, retail, hotel, and self‑storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    McDonough
    County
    Henry
    State
    Georgia
    Longitude
    -84.208256
    Latitude
    33.4664477

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    FAQs

    What type of property is this?
    Land - Prime McDonough acreage, high-density potential.
    Where is this land located?
    The property is located at 161 Foster Dr McDonough, GA.
    What is the asking price?
    The asking price for this property is $1,120,000.
    What are key features of this property?
    This property features: $1,120,000 asking price for 4.05 acres of land.; Located in McDonough, Henry County, Georgia (30253), at 161 Foster Dr.; RA (Residential-Agricultural) zoning; future land use designated as High Density Mixed Use (HDMU).
    (404) 812-4058
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    161 Foster Dr 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
    161 Foster Dr McDonough, GA 30253
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