Property summary
This exceptional 1.54-acre lot in Atlanta, Georgia, presents a prime opportunity for multi-family development. Located at 156 Lakewood Way SW, in Fulton County (zip code 30315), this property is zoned MF-3 and comes with approved permits for the construction of 61 multi-family units. A site plan and Site Approval Plan (SAP) have already been approved by the city, significantly streamlining the development process. The approved plans could also be revised to accommodate approximately 30 townhomes. All necessary preliminary work has been completed by the seller, including securing rezoning documentation (available upon request). Essential utilities, including public sewer and water, are readily available on-site. This location boasts exceptional proximity to desirable amenities such as South Bend Park, Lakewood Amphitheater, Browns Mills Golf Course, Screen Gem Studios, downtown Atlanta, and Hartsfield-Jackson Atlanta International Airport. The asking price for this turnkey development opportunity is $525,000. This represents a remarkable investment for developers seeking a fast-track project with significant potential for return. Don't miss this chance to capitalize on this ready-to-build, high-demand location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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