$935,000

0 Jonesboro SE Road, Atlanta, GA 30315

Land
Built in ——
4.5acre lot
—— car garage
$——/sqft
Listed 8 days ago

Property Description

Unparalleled Multifamily Development Opportunity: 4.5 Acres Zoned Multifamily "By-Right" 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.

Listing Status:: Active
Date Added:: December 8, 2025 at 06:00AM
Listing Office:: Drake Realty of GA, Inc. : 770-565-2044
Listing Agent:: CHARLES DUBISSETTE : 678-914-1032
MLS ID:: 7690252

General: None

Road/Access: City StreetUnimproved
Originating MLS: First Multiple Listing Service
County: Fulton - GA

Zoning: RG-2Two Parcels 14-0027-LL-143-9 & 14-0027-LL-12314 0027 LL1439
View: Neighborhood
Fencing: None
Current Use: TimberVacant

Utilities: Cable AvailableElectricity AvailableSewer AvailableWater Available

Source: First Multiple Listing Service

This listing courtesy of CHARLES DUBISSETTE, Drake Realty of GA, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Kipp Vision

660 McWilliams Rd SE, Atlanta, GA, 30315

Grades 5-8

0.14 miles away

Kipp Vision

660 McWilliams Rd SE, Atlanta, GA, 30315

Grades 5-8

0.14 miles away

South Atlanta High School

800 Hutchens Rd SE, Atlanta, GA, 30354

Grades 9-12

1.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.