10 Mercantile Dr Newnan, GA 30265
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.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.