51 Pope St Newnan, GA 30263
An exceptional investment opportunity! This prime piece of developed land is fully approved for the construction of 11 townhomes, making it ideal for developers looking to create a modern, residential townhome community perfectly positioned in the growing City of Newnan. Newnan is located approximately 40 miles southwest of Atlanta. //// Key features of the property include: • Zoning and permits: All zoning approvals and building permits are in place, allowing for immediate construction of 11 townhomes. *** • Infrastructure: The site is in process to build with essential infrastructure, including utilities such as water, electricity, and sewer lines, saving you time and upfront costs. *** • Location: Nestled in a highly sought-after neighborhood, this land offers easy access to local amenities, schools, parks, and public transportation, ensuring strong market appeal for future homebuyers. *** • Architectural Plans: Optional, pre-approved architectural plans for contemporary townhomes are available, showcasing designs for 3 to 4-bedrooits with private garages and outdoor living spaces. *** • Builder – The seller as the builder, will help you to build the project if needed. *** This project presents an excellent opportunity for developers to build and sell premium townhomes in a thriving area. Whether you're looking to create a luxury residential community or build high-demand homes, this land is ready for your vision.
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
Similar Nearby for Lease
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.