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    OFF-MARKET
    Retail properties & Spaces

    082039 Old Athens Hwy, Cornelia, GA 30531

    53 SF 53.11 ac lot Built 1701
    Property ID
    Property summary
    AI-generated overview

    This exceptional 53.11-acre parcel presents a unique investment opportunity in the thriving commercial district of Cornelia, Georgia. Located at 082039 Old Athens Hwy, this expansive property offers significant potential for diverse development. Preliminary plans indicate the feasibility of constructing a 79-home residential community or a substantial strip mall, catering to the area's growing needs. The site's strategic location within a well-established neighborhood ensures convenient access to a wide array of amenities and services. The property's 53.11 acres provide ample space for large-scale development, allowing for significant flexibility in design and layout. Detailed plans are available for review, outlining the potential for either residential or commercial construction. Given its size and prime location, this property represents a rare opportunity to capitalize on the strong commercial activity and residential demand in Cornelia. Prospective buyers are encouraged to conduct thorough due diligence, including reviewing county records, to fully assess the development potential and associated regulations. The asking price is $2,500,000. This is a remarkable chance to acquire a substantial land holding in a rapidly developing area. Don't miss this chance to shape the future of Cornelia.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1701
    Total area 53 SF
    Lot 53.11 ac (2,313,472 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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