Property profile

0 Walt Carmichael Rd Newnan, GA 30263

OFF-MARKET
Land
20.27 ac lot
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Property summary

AI-generated overview

This exceptional 20.27-acre parcel, situated in desirable Northwest Coweta County, Georgia, presents a unique development opportunity. Located on the corner of Walt Carmichael Road and Rex Hyde Roads, this property is zoned for Residential/Agricultural use, offering significant potential for subdivision. A pre-existing plan, prepared by Neal Spradlin, outlines a subdivision into four individual lots, each exceeding 5 acres in size. This plan is readily available for review. The asking price for the entire 20.27-acre tract is $299,900. The property is being sold as a single, cohesive unit; individual lot sales are not permitted. This presents a rare chance to acquire a substantial land holding in a highly sought-after area of Coweta County, ideal for creating a private residential community or developing individual luxury homesites. The property's convenient location and ample acreage make it an attractive investment for builders and developers seeking a prime location in a growing market. The zip code is 30263, and the property is conveniently located near Newnan, GA. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 20.27 ac (882,961 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Walt Carmichael Rd Newnan, GA 30263
Newnan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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