0 Carlton Road # 320000600392 , Palmetto, GA 30268
Palmetto, GA 30268
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
Details
| MLS# | 10238748 |
|---|---|
| Listing Type | For Sale |
| Style | Farm or Ranch |
| Suite Number | 7 |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 248 |
| Listing Provided By | Chatt River Realty | David Newman |
Features
| Acreage | 16.40 |
|---|
Market Activity 30268
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Learn More About This Property
| State | GA |
|---|---|
| County | Fulton |
| City | Palmetto |
| Zip Code | 30268 |
| Community Name | Vacant 16 Acres + |
| School District | South Atlanta |
| Elementary School | Palmetto |
| Middle School | Bear Creek |
| High School | South Atlanta |
| Listing VS Median (in Vacant 16 Acres +) | |
Price: $359,000 low | high Med: $0 On Site: 248 low | high Med: | |
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