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0 Riverside Pkwy Austell, GA 30168

OFF-MARKET Land Google Maps
4.2 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 4.2-acre commercial land parcel, located at 0 Riverside Parkway, #516, Austell, GA 30168, presents a unique development opportunity. Situated in Cobb County, this property boasts a prime location with significant potential. The land, encompassing Land Lots 516, 517 & 585 in the 18th District, 2nd Section, is currently zoned R3 (Planned Residential Development), per a 1995 case. However, the future land use designation is Medium Density Residential, potentially allowing for up to 5 units per acre, subject to rezoning and approval. This translates to a possible 21 units, given the 4.2-acre size. The parcel ID is 1805-16-0-0-110. The total land area is 182,952 square feet, with an asking price of $375,000, resulting in a price per acre of $89,286. This property is located in District 4, under the jurisdiction of Commissioner Monique Sheffield. Investors seeking to develop residential townhomes or similar projects will find this a compelling investment. The property is described as "Common Area" and offers significant upside potential for the right developer. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 4.2 ac (182,952 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Resort
  • Advertising Agency Marketing & Advertising
  • Tour Operator
  • Swimming Pool
  • Tour Operator

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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