082039 Old Athens Hwy, Cornelia, GA 30531
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.