Lakefield Dr/Hwy 20 — Sale in Conyers, GA

  • Price: $5.2M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Conyers, GA 00000

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Description

● Parcel ID: 076003014J - Rockdale County ● ±11.5 ac Total Site Area ○ ±3.8 ac Open Space / Easements ○ ±7.7 ac Net Site Area ● Zoned GV-UV (Gateway Village - Urban Village) ○ Approved for up to 228x apt units ● Unique opportunity with no other competing deals zoned GV-UV in the City that are currently ready for development ● Items Completed by Seller - Approved Variances Allowing for Reduced Build Costs ○ Limited to 2x points of ingress / egress vs. the City requirement of 3x. The second point of access will come through the adjacent Rockdale Square Shopping Center property, which is a deeded access easement. ○ Masonry at 40% average vs. the City requirement of 50% average ○ One bedroom units reduced to 750sf vs. the City requirement of 850sf ○ Changed the GV-UV code to permit Studio Apt units at no more than 10% of total unit count (up to 22) that are at least 600sf ● Other Items Completed by Seller ○ ALTA Survey ○ Conceptual Site - Grading - Utility Plans ○ Sanitary & Storm Sewer Profiles ○ Phase I & II Environmental Site Assessment ○ Geotechnical Report ● Site to be delivered Fully Entitled / No Encumbrances Land Size: 11.5 Ac | Listing Type: FOR SALE

Market Context

This multifamily in Conyers, GA is listed for sale at $5,150,000. Compare it against other multifamily listings for sale in Conyers, GA — view the full market.

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