0 Jonesboro Rd SE Unit 7690252 Atlanta, GA 30354
South River Gardens NeighborhoodEstimated payment $5,342/month
Highlights
- 4.5 Acre Lot
- Private Lot
- Brush Vegetation
- Heavily Wooded Lot
- Neighborhood Views
About This Lot
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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,089
Lot Details
- 4.5 Acre Lot
- The property's road front is unimproved
- Brush Vegetation
- Private Lot
- Heavily Wooded Lot
- Landscaped with Trees
- Property is zoned RG-2
Schools
- John Wesley Dobbs Elementary School
- Crawford Long Middle School
- South Atlanta High School
Additional Features
- Neighborhood Views
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 14 0027 LL1439
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/08/2025 12/08/25 | For Sale | $935,000 | -- | -- |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7690252
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