2929 Main St Moultrie, GA 31768-6903
Exceptional investment opportunity: 5.62 acres of R-3 zoned land in Moultrie, Georgia, approved for a 75-unit multifamily development. This prime parcel is situated on South Main Street and Sunset Circle, boasting convenient access to utilities from both streets. The high-traffic location, with over 8,000 vehicles passing daily on South Main Street, ensures excellent visibility and accessibility. The R-3 zoning allows for versatile development options, including multifamily apartments, single-family rentals, or a subdivision. The property's strategic location within a residential district places it near local businesses, Sunset Country Club, and medical facilities. Ingress and egress points on both South Main Street and Sunset Circle further enhance its development potential. The property's Assessed Parcel Number (APN) is M042 005. There's also an option to acquire an additional 2.46 acres of adjacent R-3 zoned land. The asking price for this exceptional 5.62-acre parcel is $300,000. This presents a rare chance to capitalize on the growing demand for residential housing in a thriving community. Don't miss this opportunity to secure a highly desirable development site in a prime location.
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McLean Engineering Company, Inc. Engineering Consultant
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Pinecrest Memory Gardens Cemetery
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McLean Engineering, an Osmose Company Association / Organization
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.