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Property profile & analytics
OFF-MARKET
Land

10 Mercantile Dr Newnan, GA 30265

8 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 8-acre commercial land parcel presents a unique investment opportunity in Newnan, Georgia. Located at 10 Mercantile Dr, 30265, this property is zoned CGN - General Commercial and offers an unparalleled advantage: it's an entitled hotel development site. Situated directly across Poplar Road from the expanding Piedmont Newnan Hospital, this location benefits from high visibility and proximity to a major healthcare facility. The site boasts a significant allowable building height of 85 feet, a crucial factor for maximizing development potential. A key differentiator is the property's connection to the sewer system – a significant advantage in Newnan, where comparable entitled sites are scarce. The total acreage encompasses approximately 8 acres, including a shared detention pond. For development purposes, approximately 4.63 usable acres have already undergone rough grading, streamlining the construction process. This prime location, coupled with its entitled status and sewer access, makes this an exceptional opportunity for hotel development in a rapidly growing area with zero existing hotels in the immediate vicinity. The property is situated in Coweta County and offers significant potential for investors seeking a high-return development project.

Property profile
Verified
Property type Land
Lot 8 ac (348,480 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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