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    Riverside Pkwy Austell, GA 30168

    Sponsored
    For Sale
    $375,000

    4.2 Acres, $375,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.2-acre commercial land parcel, located at 0 Riverside Parkway, #516, Austell, GA 30168, presents a unique development opportunity. Situated in Cobb County, this property boasts a prime location with significant potential. The land, encompassing Land Lots 516, 517 & 585 in the 18th District, 2nd Section, is currently zoned R3 (Planned Residential Development), per a 1995 case. However, the future land use designation is Medium Density Residential, potentially allowing for up to 5 units per acre, subject to rezoning and approval. This translates to a possible 21 units, given the 4.2-acre size. The parcel ID is 1805-16-0-0-110. The total land area is 182,952 square feet, with an asking price of $375,000, resulting in a price per acre of $89,286. This property is located in District 4, under the jurisdiction of Commissioner Monique Sheffield. Investors seeking to develop residential townhomes or similar projects will find this a compelling investment. The property is described as "Common Area" and offers significant upside potential for the right developer. Serious inquiries are encouraged.

    Property Features for 0 Riverside Pkwy

    General Information

    Property type
    Land
    Lot Size
    182,952 SF

    HighLights

    • 4.2‑acre commercial land parcel in Austell, GA.
    • Located at 0 Riverside Parkway, #516, Austell, GA 30168.
    • Zoned R3 (Planned Residential Development), with future land use designation of Medium Density Residential (potential for up to 5 units/acre).
    • Parcel ID: 1805‑16‑0‑0‑110; Total land area: 182,952 sq ft.
    • Asking price: $375,000 ($89,286/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Blue Hawk Roller Coaster RRD Marketing Agency Up, Up and Away Amusement Park Ride South Cobb Aquatic ... Swimming Facility The Batcopters Amusement Park Ride

    Map

    City
    Austell
    County
    Cobb
    State
    Georgia
    Longitude
    -84.599738286402
    Latitude
    33.735246034383

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    FAQs

    What type of property is this?
    Land - 4.2 Acres, $375,000
    Where is this land located?
    The property is located at Riverside Pkwy Austell, GA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 4.2-acre commercial land parcel in Austell, GA.; Located at 0 Riverside Parkway, #516, Austell, GA 30168.; Zoned R3 (Planned Residential Development), with future land use designation of Medium Density Residential (potential for up to 5 units/acre).
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    Riverside Pkwy Austell, GA 30168
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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
    Riverside Pkwy Austell, GA 30168
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