Property profile

156 Lakewood Way Atlanta, GA 30315

OFF-MARKET
Land
Property ID
US22-4138037
1.54 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Land
Lot 1.54 ac (67,082 SF)
UPID US22-4138037

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

156 Lakewood Way Atlanta, GA 30315
Atlanta metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 156 Lakewood Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message