Retail

Land for SALE: Scottsdale Land

Glendale Rd, Scottdale, GA 30079

$5,700,000 After Repair Value -
$525,000 Asking Price -
$0 Cost of Repairs =
$5,175,000 Potential Profit

Property Details

Asking Price $525,000

After Repair Value $5,700,000

Costs of Repairs $0

Potential Profit $5,175,000

Living Area 47916 ft2

Property Type Land

Bedrooms 0

Bathrooms 0

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Two adjoining off market lots for sale for a total of 1.1 acres. Best use is to build 10 townhomes, around 2500 sqft each home. Less than a mile from us there are new townhomes selling for around 565k. These comps are also on a busy street and surrounded by - s land is a scarce asset because the other lots available on mls are in a flood plain so you\'re restricted on how many homes can be - lots are not cleared so we budgeted about $150k to clear and pave roads. Currently zoned r-75 (zoning code attached). Tier 2 overlay (Scottdale overlay attached). I believe a variance will be needed for townhomes. Scottdale is easy to work with because they encourage new residential and commercial development. Scottdale is arguably one of the hottest cities for new construction.

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Max Roi

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