0 Carlton Road #07 320000600392
Palmetto, GA 30268
16.40 acres | #10238748
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
Property Details
- Lot DescriptionCurb
Measurements
- Acres16.4
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility FeaturesCable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionVacant - 16 Acres +-
Location
- High SchoolSouth Atlanta
- Middle SchoolBear Creek
- Elementary SchoolPalmetto
- CountyFulton
Financial Details
- Taxes Annual$1,538
- Buying Agency Compensation4
Other
- MLS #10238748
Location
Legal
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Last Updated: . Source: GAMLS
Listing Courtesy
Listing Agent: David Newman (#NEWMANDAVID), Phone: 8282312185, Email: David@ChattRiver.com
Listing Office: Chatt River Realty (#CHRR01)
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