10 Mercantile Dr Newnan, GA 30265
- Land
- 8.00 lot acres
Current Use by Public Records
- Land
Property Details for 10 Mercantile Dr
- Lot size
- 8.00 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.7536
- Latitude
- 33.3606
