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Highway 20 SE - Lakefield Dr/Hwy 20 11.5 Acres of Commercial Land Offered at $3,975,000 in Conyers, GA 30013
Investment Highlights
- 11.5 acres ready to build
- No other competing deals zoned GVUV in the city that are ready for development
- Approx. 1 mi to I-20
- Approved for up to 228x apt units
- Utilities Available
- Major employers, schools, grocery, and service providers surround the property
Executive Summary
- ±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 228 - 236 apt units
**Current zoning allows 30x units per net acre with a 60’ max building height and a minimum open / green space requirement of 20% of gross site acreage / possibility for higher density with vertical development
- Unique opportunity with no other competing deals zoned GV-UV in the City that
are currently ready for development
- Upcoming Rivian development projected to bring 7,500 new jobs internally and another ~5,000 supporting jobs
**See DD Material for articles related to the Rivian project
Items Completed by Seller:
- Newly Approved 5 Year Tax Abatement (estimated value of $2m+ - see DD material for detail)
- Approved Variances Allowing for Reduced Build Costs (Masonry at 40% average vs. the City requirement of 50% average)
- Limited to 2x points of ingress / egress vs. the City's standard requirement of 3x for projects over 200 units.
The second point of access will come through the adjacent Rockdale Square Shopping Center property, which is a deeded access easement.
- One bedroom units reduced to 750sf vs. the City's standard requirement of 850sf
- Changed the GV-UV code to permit Studio Apt units that are at least 600sf (no more than 10% of total unit count)
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
- Zoned GV-UV (Gateway Village - Urban Village), Approved for 228 - 236 apt units
**Current zoning allows 30x units per net acre with a 60’ max building height and a minimum open / green space requirement of 20% of gross site acreage / possibility for higher density with vertical development
- Unique opportunity with no other competing deals zoned GV-UV in the City that
are currently ready for development
- Upcoming Rivian development projected to bring 7,500 new jobs internally and another ~5,000 supporting jobs
**See DD Material for articles related to the Rivian project
Items Completed by Seller:
- Newly Approved 5 Year Tax Abatement (estimated value of $2m+ - see DD material for detail)
- Approved Variances Allowing for Reduced Build Costs (Masonry at 40% average vs. the City requirement of 50% average)
- Limited to 2x points of ingress / egress vs. the City's standard requirement of 3x for projects over 200 units.
The second point of access will come through the adjacent Rockdale Square Shopping Center property, which is a deeded access easement.
- One bedroom units reduced to 750sf vs. the City's standard requirement of 850sf
- Changed the GV-UV code to permit Studio Apt units that are at least 600sf (no more than 10% of total unit count)
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
Property Facts
| Price | $3,975,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 11.50 AC |
| Property Type | Land | ||
| Zoning | GVUV | ||
| Price | $3,975,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 11.50 AC |
| Zoning | GVUV |
1 Lot Available
Lot
| Price | $3,975,000 | Lot Size | 11.50 AC |
| Price Per AC | $345,652.17 |
| Price | $3,975,000 |
| Price Per AC | $345,652.17 |
| Lot Size | 11.50 AC |
Conyers Multifamily Development Land - READY TO DEVELOP between 228 and 236 units, depending on unit mix
Description
City of Conyers / Rockdale County PID: 076-0-03-014J
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 076-0-03-014J | Improvements Assessment | $0 |
| Land Assessment | $550,480 | Total Assessment | $550,480 |
Property Taxes
Parcel Number
076-0-03-014J
Land Assessment
$550,480
Improvements Assessment
$0
Total Assessment
$550,480
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Highway 20 SE - Lakefield Dr/Hwy 20
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