0 Jonesboro RD SE Atlanta, GA 30315
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 7690252
HOA Y/N No
Annual Tax Amount $5,089
Tax Year 2025
Lot Size 4.500 Acres
Acres 4.5
Property Sub-Type Multi Family
Source First Multiple Listing Service
Property Description
Seize this rare opportunity to acquire two parcels (14 0027 LL143 & 14 0027 LL123) totaling 4.5 acres of land within the city of Atlanta, with exceptional RG-2 zoning having a .348 FAR, dramatically streamlining your path to development and breaking ground quickly. According to the comprehensive plan, the City of Atlanta wants high density at this site. Located in the Lakewood Neighborhood, a rapidly growing area with high demand for new housing, this property is a developer's dream. With approximately 340' of street frontage and underground utilities located at Jonesboro Rd, a Phase I Environmental Survey has been performed, with no issues or exceptions on site.
Key Development Highlights:
This offering provides two distinct, high-yield development paths, both permitted "By-Right" under the current multifamily zoning, eliminating the need for lengthy and unpredictable re-zoning processes:
Option 1: Townhomes (45 Units)
Maximum Yield: The site can accommodate up to 45 individual townhome units.
Market Appeal: Townhomes offer high market value, appealing to families, young professionals, and those seeking homeownership benefits without the maintenance of a single-family lot.
Option 2: Apartment/Condo Community (75 Units)
Maximum Density: Build a thriving community with up to 75 residential units (based on an average unit size of 900 sq ft).
Investment Strategy: Ideal for a stable, long-term rental income stream or a high-volume condo sale.
Location
State GA
County Fulton
Area None
Zoning RG-2
Lake Name None
Rooms
Other Rooms None
Interior
Equipment None
Exterior
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View Neighborhood
Present Use Timber,Vacant
Street Surface None
Private Pool false
Building
Lot Description Private
Schools
Elementary Schools John Wesley Dobbs
Middle Schools Crawford Long
High Schools South Atlanta
Others
Senior Community no
Tax ID 14 0027 LL1439
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