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22212764
22212765

GA-20, Conyers, GA 30013 For Sale

BT
GA 385446, 385446
Taillefer Commercial Group
Taillefer Commercial Group
Listed by Taillefer Commercial Group
$3,975,000
499 days on market
Updated 16 days ago

Lakefield Dr/Hwy 20

Details
Property Type Multifamily, Land
Sub Type Apartment Building, Commercial
Units 228
Acreage 11.500
Zoning GV-UV

Land | 11.5 acres

Marketing description

● Parcel ID: 076003014J - Rockdale County / City of Conyers

● ±11.5 ac Total Site Area

○ ±3.8 ac Open Space / Easements

○ ±7.7 ac Net Site Area (using current / proposed site plan)

● Zoned GV-UV (Gateway Village - Urban Village)

○ Approved for up to 228x apt units (using current / proposed site plan) - request link to DD material for detail

  • If a buyer can map out a more efficient building layout and go vertical (utilizing 4-5 story buildings vs 3/4 splits), there is a path towards increasing density up to around 270x apt units
    • Current zoning allows 30x units per net acre with a 60’ max building height and a minimum open / green space requirement of 20% of gross site acreage

**Approved 5 Year Tax Abatement - Represents a value of 2m+ / Inquire for abatement breakdown**

● Unique opportunity with no other competing deals zoned GV-UV in the City that

are currently ready for development. This is a very buildable lot with little acreage lost to flood plain, easements, etc.

**Upcoming Rivian development projected to bring 7,500 new jobs internally and another ~5,000 supporting jobs - See DD Material for articles related to the Rivian project**

● Items Completed by Seller - Approved Variances Allowing for Reduced Build

Costs

○ Limited to 2x points of ingress / egress vs. the City requirement of 3x. The

second point of access will come through the adjacent Rockdale Square

Shopping Center property, which is a deeded access easement.

○ Masonry at 40% average vs. the City requirement of 50% average

○ One bedroom units reduced to 750sf vs. the City requirement of 850sf

○ Changed the GV-UV code to permit Studio Apt units at no more than 10%

of total unit count (up to 22) that are at least 600sf

● Other Items Completed by Seller

○ ALTA Survey

○ Conceptual Site - Grading - Utility Plans

○ Sanitary & Storm Sewer Profiles

○ Phase I & II Environmental Site Assessment

○ Geotechnical Report

● Site to be delivered Fully Entitled / No Encumbrances

Additional DD docs available upon request - Extensive development work completed - Remaining development work budget available

Investment highlights

Conyers Multifamily Land - READY TO DEVELOP between 228 - 236 units

Listing Contacts

BT
GA 385446, 385446
Taillefer Commercial Group
Taillefer Commercial Group
Listed by Taillefer Commercial Group

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