0 Phillips Rd Lithonia, GA 30058
This exceptional 0.66-acre residential lot in Lithonia, Georgia, presents a remarkable development opportunity. Located on Phillips Road, this property is zoned RSM, allowing for the construction of up to four single-family homes. Its generous size provides ample space for a single, custom residence or a small-scale residential development. The lot boasts convenient access to a variety of amenities, including the Stonecrest Mall and numerous dining and recreational options. Nature enthusiasts will appreciate the proximity to Arabia Mountain National Heritage Area and Panola Mountain State Park. Existing sewer connections simplify the development process. Situated in the growing community of Lithonia, this property offers significant investment potential for both developers and individual homeowners seeking to build their dream home. The property's address is Phillips Rd, Lithonia, GA 30058, and the APN is 16-103-01-416. The asking price is $120,000. This is a truly unique opportunity to acquire a desirable parcel of land in a thriving area. Don't miss out on this chance to build your vision in a prime location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.