0 Ivey Edwards Lane McDonough, GA 30253
Listing Courtesy of: GAMLS / Better Homes And Gardens Real Estate Metro Brokers / Kayse McCanne

  0 Ivey Edwards Lane McDonough, GA 30253

Active (331 Days)
$550,000

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!

MLS #:
10246400
Taxes
$1,000(2023)
Lot Size
6.45 acres
Type
Land
County
Henry County

Listed By

Kayse McCanne, Better Homes And Gardens Real Estate Metro Brokers
Source
GAMLS
Last checked Dec 23 2024 at 10:55 PM GMT+0000
Bathroom Details
Lot Information
  • Other
Utility Information
  • Utilities: Water Available, Sewer Available, Phone Available, High Speed Internet, Electricity Available, Cable Available
  • Sewer: Public Sewer
School Information
  • Elementary School: Walnut Creek
  • Middle School: Eagles Landing
  • High School: Eagles Landing
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Mar 19, 2024
Price Changed
$550,000
-27%
-200,000
Jan 27, 2024
Original Price
$750,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Georgia MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/23/24 14:55