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Cynthia Walker

cynthia.walker@evatlanta.com +1(404) 840-3186

$ 550,000

Est. payment -/mo

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0 Ivey Edwards LN Mcdonough, GA 30253

6.45 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10409448

HOA Y/N No

Year Built 2024

Annual Tax Amount $1,315

Tax Year 2024

Lot Size 6.454 Acres

Acres 6.454

Lot Dimensions 6.454

Property Sub-Type Multi Family

Source Georgia MLS 2

Property Description

What's special Perfect lot for Podium Construction! (See generic Pictures). Parking deck on the One or Two Lower Levels and wood construction on the 4 or 5 upper floors! Exciting development opportunity for Multi-Family, Apartments, and Townhomes! While the land is presently zoned RA and R-3, with the Amazing New Future Land Use Plan (Henry 2045), enacted in September 2023, this property qualifies for the Urban Residential Zoning Category, allowing for a multi-family density of 4 to 30 dwelling units per acre! Public water and sewer are readily available on site! Situated in a prime Mcdonough Parkway location close to shopping, this property offers a unique opportunity for development. Please note that the lease on the existing cell tower has already been sold. A permanent easement for the tower site remains intact. This property includes three parcels: 091-01013000, 091f01041002, and 091-01014002 Check out the link below for the New Future Land Use Ordinance, where the subject property is highlighted on the Future Land Use as Urban Residential on page 94 of the color-coded map. To view the full Future Land Use Ordinance, Please Visit: https://drive.google.com/file/d/1-fcd0rymsseguvmjsbmfy44nlgkhhxx3/view?usp=sharing * Read Page 99 for Full Details of the New Urban Residential Zoning! * Don't miss this opportunity to explore the full potential of this prime development space! Prioritize a diversity of housing types within developments that can support a range of household Incomes and sizes; up to 30 dwelling Units per Acre should be Allowed If at least 20% of units are affordable at 80% AMI (Area Median Income) Consider the removal of Minimum Floor Area Requirements for Residential Uses to offer more Flexibility in design and market driven dwelling size; Alternatively, Set a low a minimum such as an Average Floor area size of 600 square feet per unit!

Location

State GA

County Henry

Rooms

Basement None

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features None

Community Features None, Near Shopping

Utilities Available Other

View Y/N No

Garage No

Private Pool No

Building

Faces From US-23/GA Hwy 42 turn SOUTH-WEST onto McDonough Parkway. Go 0.4 miles and turn LEFT onto Ivey Edwards Lane. The property will be on your right. GPS: Use this Pin on Google Maps: https://maps.app.goo.gl/1jkDtjFquvDMU79E8?g_st=ic

Sewer Public Sewer

Water Public

Structure Type Other

New Construction Yes

Schools

Elementary Schools Walnut Creek

Middle Schools Eagles Landing

High Schools Eagles Landing

Others

HOA Fee Include None

Tax ID 09101013000 AND 091F01041002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition To Be Built

Cynthia Walker

Real Estate Advisor

+1(404) 840-3186

Cynthia Walker

0 Ivey Edwards LN Mcdonough, GA 30253

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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0 Ivey Edwards LN