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    Elberta Rd Centerville, GA 31028

    For Sale
    $95,000

    Rare 9-unit development potential in GA

    Property size:
    41,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 41,600 square foot warehouse property located at 0 Elberta Road, Centerville, Georgia, 31028. Currently zoned C2, this property offers a unique chance to develop a multi-unit rental complex. The City of Centerville has already approved the attached proposed building plan, which outlines the construction of three buildings, each containing three individual rental units, totaling nine rental units on a single property. This represents a significant advantage for investors seeking a high-yield, multi-family development project. The property's substantial size (41,600 square feet) provides ample space for the proposed development, ensuring each unit has sufficient area. Situated in desirable Houston County, this location offers strong rental demand and potential for significant return on investment. The asking price for this prime development land is $95,000. This is a rare opportunity to acquire a fully approved development plan in a high-demand area, minimizing development hurdles and maximizing potential returns. Don't miss this chance to capitalize on this lucrative investment prospect.

    Property Features for 0 Elberta Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    41,600 SF

    HighLights

    • $95,000 asking price.
    • 41,600 square foot industrial land parcel.
    • Located at 0 Elberta Road, Centerville, GA 31028.
    • C2 zoning allows for the construction of three buildings, each with three units (nine total rental units).
    • Approved building plans available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Centerville
    County
    Houston
    State
    Georgia
    Longitude
    -83.6686326
    Latitude
    32.6317666

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    FAQs

    What type of property is this?
    Distribution property - Rare 9-unit development potential in GA
    Where is this distribution property located?
    The property is located at Elberta Rd Centerville, GA.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: $95,000 asking price.; 41,600 square foot industrial land parcel.; Located at 0 Elberta Road, Centerville, GA 31028.
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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
    Elberta Rd Centerville, GA 31028
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