33.85± Acres of Multifamily Land, Valdosta, GA
33.85 ± Acres Of Multifamily Zoned Land, City of Valdosta
Marketing description
**Prime Multifamily Development Opportunity in Valdosta, Georgia** Located at 1401 Lankford Drive & 1406 West Magnolia Street, Valdosta, Georgia 31601. This expansive 33.85± acre R-M (Multifamily) zoned land presents a lucrative investment opportunity in the thriving City of Valdosta, Lowndes County. The property boasts development potential for up to 18 units per acre for multifamily apartments or 7.2 units per acre of single-family attached homes. This prime parcel offers versatile opportunities for developers, from creating a vibrant student housing apartment community less than 1 mile from Valdosta State University or to building a sought-after single-family attached rental neighborhood as the City of Valdosta has no ordinance restricting Build-To-Rent (BTR) communities. With convenient access to major roads and retail destinations, including Valdosta Mall, Walmart, and dining options like Chick-fil-A and Starbucks, this location is ideal for attracting tenants seeking convenience and quality living.
Positioned as the economic gateway of South Georgia, Valdosta/Lowndes County offers a dynamic environment with a diverse economic base, making it an attractive destination for growth and investment in the region. Explore this exceptional multifamily land development opportunity and unlock its full potential in this bustling Georgia city.
Investment highlights
Current zoning allows for a possible 18 units per acre of apartments or 7.2 units per acre of single-family attached product.
The City of Valdosta has no ordinance restricting Build-To-Rent (BTR) communities.
Great student housing development site as it is located less than 1 mile from the Valdosta State University Campus and there are 2 existing older student housing apartment communities located on either side of the subject property.
Property falls within a Qualified Census Tract (QCT) per the HUD maps and qualifies for tax credit financing.
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