00 Eatonton Hwy Gray, GA 31032
This exceptional 20.65-acre parcel in Gray, Georgia, presents a unique opportunity to develop a 48-lot residential subdivision. Zoned R-3, the property boasts 80-foot lots with a minimum size of 8,000 square feet, offering ample space for homes. Conveniently located less than a mile from downtown Gray, residents will enjoy easy access to a variety of amenities including grocery stores, restaurants, and shopping. The nearby Morris Bank Recreation Complex, less than three miles away, provides recreational opportunities such as ballfields, batting cages, pickleball courts, and playgrounds. While a preliminary plat has expired, this presents a chance for the buyer to create a tailored subdivision plan. The buyer will be responsible for obtaining a new preliminary plat and sewer capacity letter from the Gray City Council. Situated just 1.5 hours from both Atlanta and Athens, this property offers the best of small-town living with easy access to larger city amenities. The property's APN is J38 00 227, and the asking price is $600,000. This is an ideal investment for developers seeking a prime location for a thriving residential community. The address is 00 Eatonton Hwy, Gray, GA 31032.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.