$359,000
0 Carlton RD #07 320000600392 Palmetto, GA 30268
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Listed by David Newman • Chatt River Realty
$359,000
Est. payment /mo
16.4 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Vacant - 16 Acres +-
MLS Listing ID 10238748
HOA Y/N No
Annual Tax Amount $1,538
Tax Year 2020
Lot Size 16.400 Acres
Property Description
Great infill residential development opportunity in growing SW of Atlanta I-85 corridor. Zoned Neighborhood Commercial with rezoning to R2 being a prospect. Seller Financing available. This property is ideally located and surrounded by established residential development in the city of Palmetto, Georgia. This parcel is a great infill parcel in a well-established neighborhood. In walking distance to Palmetto Elementary school. As this I-85 corridor southwest of Atlanta continues to grow this property is well positioned for immediate development. Of the 16 acres, 14 acres was has been approved for rezoning to the R2 designation for Palmetto, GA in Fulton County. R2 zoning which allows approximately 3 units per acre. The remaining 2 acres was approved to remain as Neighborhood Commercial. This rezoning has not been completed due to concerns over a limited water supply availability for new development within the City of Palmetto. Due to this water issue, a use under Neighborhood Commercial may represent the best use of this property. Seller financing is available to a qualified party: Proposed terms: 20% Down payment, 3 Year Balloon Note amortized for 20 years, 5% Interest
Location
State GA
County Fulton
Exterior
Community Features None, Street Lights, Walk To Schools
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Building
Sewer Public Sewer
Schools
Elementary Schools Palmetto
Middle Schools Bear Creek
High Schools South Atlanta
Others
Acceptable Financing Private Financing Available
Listing Terms Private Financing Available
Special Listing Condition Will Consider Subdividing
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