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    42 Elzie Johnson Rd Newnan, GA 30265

    For Sale
    $1,220,100

    Level lot, ideal for development, near I-85.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3-acre commercial land parcel, located at 42 Elzie Johnson Rd, Newnan, GA 30265, presents a compelling investment opportunity. Situated in Coweta County, this property boasts a C6 Commercial Minor Shopping zoning designation, making it suitable for a variety of retail or commercial ventures. The asking price is $1,220,100. The lot is notably level, simplifying development and construction processes. Its strategic location near Exit 51 of I-85 provides excellent visibility and accessibility, ensuring high traffic volume and convenient access for potential customers and employees. While this 3-acre tract (Tract B) is being offered individually, it's worth noting that combining it with an adjacent 9+ acre parcel (GAMLS 20138910) would create a significantly larger, more expansive development site of 12+ acres. This presents an opportunity to create a larger-scale commercial project. The property's coordinates are 33.448291 latitude and -84.6955079 longitude. This prime location and flexible zoning make this property an attractive proposition for developers and investors seeking a foothold in the thriving Newnan commercial market.

    Property Features for 42 Elzie Johnson Rd

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3‑acre commercial land parcel in Newnan, GA.
    • C6 Commercial Minor Shopping zoning.
    • $1,220,100 asking price.
    • Level lot, simplifying development.
    • Excellent I‑85 visibility and accessibility (Exit 51).
    • Potential for 12+ acre development by combining with adjacent parcel (GAMLS 20138910).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newnan
    County
    Coweta
    State
    Georgia
    Longitude
    -84.6955079
    Latitude
    33.448291

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    FAQs

    What type of property is this?
    Land - Level lot, ideal for development, near I-85.
    Where is this land located?
    The property is located at 42 Elzie Johnson Rd Newnan, GA.
    What is the asking price?
    The asking price for this property is $1,220,100.
    What are key features of this property?
    This property features: 3-acre commercial land parcel in Newnan, GA.; C6 Commercial Minor Shopping zoning.; $1,220,100 asking price.
    (770) 487-8300
    Request Owner's contact information
    42 Elzie Johnson Rd Newnan, GA 30265
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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
    42 Elzie Johnson Rd Newnan, GA 30265
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