350 LOG CABIN RD NE Milledgeville GA 31061-8393

Multifamily/SF Developers Dream Opportunity

This offering provides a developer the unheard-of opportunity to develop a fully entitled 11 Acre tract steps away from Lake Sinclair in Milledgeville GA, an adjoining Brand-New Self Storage Facility consisting of 140 Units @ 100% occupancy, and beautiful newly constructed office that would make an excellent clubhouse for the entire development. This portfolio provides a developer the rare chance to solve carrying costs issues during development by being offset by the $200K NOI (IN PLACE NUMBERS) along with a brand-new office/clubhouse that currently has multiple leases in place for additional revenue that can seamlessly convert to a future clubhouse if desired.

The undeveloped 11 acres is fully entitled multifamily land that is currently approved for a 58-unit townhome development that is shovel ready! Includes all plans, permits, LDP, with all utilities on site.

The current zoning would also allow for an apartment development with a density of 20 per acre, if desired.

This portfolio consists of approximately 13.5 acres (3 separate parcels all adjoining)