0 Walt Carmichael Rd, Newnan, GA 30263
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.