2298 Johnson Rd Townsend, GA 31331
This exceptional 10.5-11 acre property in Townsend, Georgia presents a unique redevelopment opportunity. The site includes a 4,500 square foot commercial building featuring a new roof, Hardi siding, and vaulted ceilings. This building sits on two parcels totaling just under 11 acres and is zoned for neighborhood commercial use. An additional 8 acres zoned for mobile home parks offers significant expansion potential, a rare find in this area. A contiguous 2.5-acre parcel next door provides further expansion possibilities, perhaps for storage or additional development. The land boasts excellent soil, flat topography, and mature live oak trees. County water is readily available on-site. The property enjoys a prime location, just six minutes from I-95, less than fifteen minutes from downtown Darien, and within forty-five minutes of Savannah and St. Simons Island. A public boat launch is conveniently located just one mile away. The property is fully surveyed and situated in the X Zone. The seller will consider joint ventures or land lease arrangements. Numerous development options exist, including mobile home/RV parks, planned unit developments (PUDs), single-family homes, boat storage, or even a bar and restaurant. This is a truly versatile property with significant upside potential. The asking price is $565,000.
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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Risks
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