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- LoopNet Team
Lake Creek Road
Cedartown, GA 30125
Land For Sale
·
3.97 AC

INVESTMENT HIGHLIGHTS
- Approved for 72 units
- Ample Parking
- Strategically Located
- Diverse Unit Mix
- Future Expansion Opportunity
- The big box retailers are conveniently located less than 5 miles away
PROPERTY FACTS
| Property Type | Land | Proposed Use |
Multifamily
|
| Property Subtype | Residential | Total Lot Size | 3.97 AC |
| Zoning | R4 - Provide for quality residential neighborhoods in an urban setting | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use |
Multifamily
|
| Total Lot Size | 3.97 AC |
| Zoning | R4 - Provide for quality residential neighborhoods in an urban setting |
DESCRIPTION
Floor plan explanation: The floor plan for the building is designed in a way that it is split into two sections for fire safety, economic expansion, and easy replication with a Mediterranean look. The blueprints were created with the aim of bringing efficiency to the construction process, which can be replicated on the second floor as well. The building has three stairways, one on the right, the middle (tower), and the left. This allows the building to be split easily and replicated to add on for future investments. Floor plan units and description:The entire building has 12 units on the ground level and another 12 on the first floor. Alternatively, it can be split into six units on the ground floor and six on the first floor. Looking at it split, you have six apartment units, with four being two-bedroom apartments and the remaining two being one-bedroom apartments. The floor square footage for the ground is estimated at 6959.8 sq ft. For both levels, it comes to 13,920 sq. ft, and this includes the hallways and balconies, which do not go into the heated sq footages. The apartments have been designed to be as maintenance-free as possible, from flooring, plumbing, electrical to ease of operation as a tenant. This provides a building that, if a washer was to break or cause a leak, the building would be saved from moisture and water damages from drainages that would lead water out of the building. The building specifications allow it to work with gas and electric, giving tenants cheaper utility bills for central heating and air and water boilers. Engendered site plan layout: Due to the fact that the property is zoned PD-4 zoning, the time-consuming issues are cleared by the city, giving this wonderful property the flexibility for commercial and residential use. It took almost two years of planning, research, and working with architects, engineering, and contractors to create, find, and present this model for approval all within one meeting, giving me this achievement of unanimous approval from all commissioners. According to my engineered plans, you should be able to fit three buildings that are 24 units each or six small buildings at 12 units each, which will both come to a total of 72 units on the 3.97 acres. PD-4 allows for maximum capacity usage of the land and is a very rare zoning for Polk County, Georgia. Overall, this blueprint is designed to provide the best possible living experience for tenants while also being safe, efficient, and cost-effective. The property offers ample parking and fully sprinklered buildings for enhanced safety. In addition, the development is less than 5 miles away from major retailers and businesses such as Walmart Supercenter, Home Depot, Chick-fil-A, McDonalds, Wendys, Dollar Tree, Papa John's, Verizon Wireless, AT&T Store, and many more. The traffic count in front of all these businesses averages 18,000 vehicles.
PROPERTY TAXES
| Parcel Number | 029B017C | Improvements Assessment | $0 |
| Land Assessment | $29,197 | Total Assessment | $29,197 |
PROPERTY TAXES
Listing ID: 30722756
Date on Market: 1/22/2024
Last Updated:
Address: Lake Creek Road, Cedartown, GA 30125
The Land Property at Lake Creek Road, Cedartown, GA 30125 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
