Lake Creek Road - Cedartown - APPROVED: Development Opportunity

3.97 Acres of Commercial Land Offered at $856,356 CAD in Cedartown, GA 30125

INVESTMENT HIGHLIGHTS

  • Approved for 72 units.
  • Ample Parking.
  • The big box retailers are conveniently located less than 5 miles away.
  • Diverse Unit Mix.
  • Future Expansion Opportunity Strategically Located.

EXECUTIVE SUMMARY

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 timeconsuming 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 FACTS

Price $856,356 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 3.97 AC

1 LOT AVAILABLE

Lot

Price $856,356 CAD
Price Per AC $215,706.81 CAD
Lot Size 3.97 AC

Approved for 72 units Diverse Unit Mix Ample Parking Future Expansion Opportunity Strategically Located The big box retailers are conveniently located less than 5 miles away

DESCRIPTION

3.97 acre lot. Zoned R4.

ZONING

Zoning Code R4 (R4)
  • Listing ID: 32199762

  • Date on Market: 2024-06-20

  • Last Updated:

  • Address: Lake Creek Road, Cedartown, GA 30125