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$ 1,100,000
Est. payment /mo
Price Dropped by $400K
3024 Hogan RD SW Atlanta, GA 30331
5 Acres Lot
UPDATED:
12/06/2024 02:54 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7441537
HOA Y/N No
Originating Board First Multiple Listing Service
Annual Tax Amount $5,781
Tax Year 2023
Lot Size 5.000 Acres
Acres 5.0
Property Description
This prime 5.0 acres of land offers an excellent opportunity for development, minutes from the airport, Hwy 166 and I 285. With good road frontage on Hogan Rd with an easement already in place. the property ensures easy access and visibility. Potential Ideas to maximize profits, clear property and sell timber; rezone to R 6, gain building permits, work with your architect, contractor and he city to conform with county building rules and regulations, build a gated luxury townhome community of 30 units. Sell for 500K each. Potential Gross Profit over $15M or rezone for small apartment community, get paid$ for LIFE! Make a 5 year plan to build your dream community! The surrounding area features homes that would support this plan but Do your own DUE DILIGENCE. This is a great opportunity to build affordable homes in the City of Atlanta. Wooded lot, located in the rear of the Fountain Bleu neighborhood on Hogan Road at the intersection of Hogan and Fountain Bleu, walking distance to Greenbriar Mall.
The HOME that sits on the lot will be EXCLUDED from this sale. Currently Zoned R-3.
The HOME that sits on the lot will be EXCLUDED from this sale. Currently Zoned R-3.
Location
State GA
County Fulton
Zoning R-3
Lake Name None
Rooms
Other Rooms None
Exterior
Fence None
Community Features None
Utilities Available None
Waterfront Description None
View Trees/Woods
Present Use Timber,Vacant
Street Surface Asphalt
Private Pool false
Building
Lot Description Level
New Construction No
Schools
Elementary Schools Asa Hilliard
Middle Schools Woodland - Fulton
High Schools Tri-Cities
Others
Senior Community no
Tax ID 14 022800020468
Special Listing Condition None
Listed by Virtual Properties Realty. Biz