OWNER JUST PURCHASED 391 FT OF ROAD FRONTAGE ON MORRIS RD. FOR $2,599,000

Home Off Market

OWNER JUST PURCHASED 391 FT OF ROAD FRONTAGE ON MORRIS RD. FOR INGRESS! 3900 SQ FT HOME ON PROPERTY/WONDERFUL INVESTOR OPPORTUNITY TO DEVELOP AS RSL SENIOR LIVING COMMUNITY OR GET ZONED FOR R20-OSC FOR GREAT COMMUNITY! CURRENT EASEMENT TO PROPERTY ON HIRAM LITHIA SPRINGS. MOTIVATED SELLER!!
o 41.5+/- Acres with potential to add adjacent parcels
o Zoned R-30 single-family residential, 30,000 square foot lot size
o Located in Cobb County school district - Powder Springs Elementary; Cooper Middle and McEachern High
o All utilities to property (water, electric, and gas) Features 5 acre lake, partially wooded, gentle rolling topography, small pond, country fields and frontage on Morris Road with ingress easement on Hiram Lithia Springs Road. Property also includes historic barn and 3,900 sq. ft. home. Great investor opportunity for redevelopment into residential neighborhood or senior living community.
o Future Exit Strategy - Land that will greatly appreciate as only few large land properties remain in Cobb County
o Zoned R-30 (30KSF lots), potential to go R-20 for denser residential lots (20KSF lots), and add adjacent acreage (potentially up to ~70AC with multiple Neighborhood entrances).
o All utilities to property (water, electric, and gas); Multiple points for Sewer Access
o Great rolling hills Topography, pleasant 5AC lake, a few fields, some wooded areas, with growth and development in the surrounding area.
o There are a few surrounding recently developed neighborhoods that have been filling up with good sales figures.