Lakefield Dr/Hwy 20
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
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