2743 Lake Sinclair Dr Sparta, GA 31087
This exceptional 18-acre lakefront property in Hancock County, Georgia, presents a unique development opportunity. Located at 2743 Lake Sinclair Dr, Sparta, GA 31087, the 625 square foot existing structure could serve as an office or temporary construction space. The property is zoned RL - Residential Lake and boasts an ideal location, just a 20-minute drive from Milledgeville. Approved plans allow for 13-16 septic tanks across 12 acres, making it perfectly suited for a multifamily development, including condos or apartments. The lakefront location (back of cove) offers stunning views and potential for waterfront amenities. The property's zoning also permits the creation of an RV park, with ample space on either side of the existing building for planned laundry and restroom facilities with showers. Further approved plans include an area designated for docks, enhancing the property's appeal and potential for recreational activities. The property is being sold "AS IS," offering buyers the flexibility to realize their vision for this prime development site. The natural beauty of the area lends itself to the creation of nature trails and other attractive amenities. This is a rare chance to acquire a substantial lakefront parcel with significant development potential in a desirable location.
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
Similar Nearby for Sale
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.