Property Details for 118 Belk St

Lot size

58.00 lot acres

Property type

Land

Description

This exceptional investment opportunity encompasses 84 residential lots spanning approximately 58-60 acres in LaGrange, Georgia. Zoned for diverse development, including single-family homes (SFH), duplexes, and quadplexes, these lots present a unique chance to capitalize on the burgeoning housing market in one of Georgia's fastest-growing job centers. Located throughout LaGrange, many lots boast city water, sewer, and electric access, minimizing infrastructure costs. The average cost per lot is significantly below current market value, offering substantial potential for profit. This bulk sale presents a rare opportunity to acquire a portfolio of lots in a city experiencing robust economic growth, fueled by major industrial employers like Kia Motors, Duracell, Caterpillar, and the recently announced Remington Firearms relocation. LaGrange's commitment to development is evident in its low impact fees, expedited permitting, tax abatement programs, and foreign trade zone status. Many lots are situated within Opportunity Zones, offering additional investment incentives. The seller is motivated for a quick close and may consider seller financing or a partnership with a qualified developer or builder. Buyer is responsible for verifying all zoning, water, and sewer information. This is a turnkey opportunity for a developer seeking to address the significant housing demand in LaGrange.

Location Insight

City

LaGrange

County

Troup

State

Georgia

Longitude

-85.0151

Latitude

33.0375