904 Rabun Rd Sparta, GA 31087
This exceptional 24-acre commercial property in Sparta, Georgia, presents a unique investment opportunity. Located at 904 Rabun Road, Hancock County, this land boasts a fixer-upper home built in 1898, retaining original features like heart pine floors and beadboard millwork. The property includes two parcels totaling 24.1 acres (approximate property lines shown in available photos). One acre is fenced, and several outbuildings are present, including an old greenhouse and barn. The land offers good hunting opportunities, featuring one open field and a potentially developable second field requiring clearing. Fruit trees include apple, pear, pecan, and fig varieties. The property is serviced by an outboard well with recently replaced parts. Its convenient location, situated between the Greensboro and Augusta exits of I-20 (approximately 10 miles from the interstate), makes it easily accessible. Owner financing is available. The property is sold "as is" with no disclosures. Zoned A-R (Agricultural-Residential), this land offers potential for subdivision. Dividing into five or more lots requires a preliminary plat, Planning Commission hearing, and Board of Commissioners hearing, a process estimated to take at least two months. The property is approximately 1 hour and 33 minutes from Atlanta and 1 hour from Augusta, Georgia. Asking price: $450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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