Current Use by Public Records
- Land
Property Details for 1008 Ga-293
- Lot size
- 5.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 5-acre agricultural land parcel in Cartersville, Georgia, presents a compelling investment opportunity with significant upside potential. Currently generating a strong net operating income (NOI) of $48,000, resulting in a 10.67% cap rate, this Class C property is listed at $450,000 ($150,000/acre). The property boasts 654 feet of road frontage on a gentle curve, providing excellent visibility for any future development. Currently zoned A-1, the property is ideally situated near the Lake Point Sports Complex and just one block from a public boat launch on Lake Allatoona. Its location offers easy access to major transportation routes and benefits from the recent surge in industrial development in the area, including a nearby Amazon distribution center and the expanding Emerson Industrial Park. The property includes a small creek running along the roadside, adding to its unique character. Currently housing five mobile homes with the potential to add five more, the property offers immediate income generation. The flat terrain is suitable for a variety of uses, including RV or boat storage, aligning with Bartow County's comprehensive land use plan and projected future light industrial zoning. A fast close is preferred, and cash offers are encouraged. This is a rare opportunity to acquire a strategically located property in a rapidly growing area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cartersville
- County
- Bartow
- State
- Georgia
- Longitude
- -84.7122
- Latitude
- 34.1092
