0 Ivey Edwards LN, McDonough, GA 30253
none · Henry County
Key Facts
Description
What's special Perfect lot for Podium Construction! (See generic Pictures). Parking deck on the One or Two Lower Levels and wood construction on the 4 or 5 upper floors! Exciting development opportunity for Multi-Family, Apartments, and Townhomes! While the land is presently zoned RA and R-3, with the Amazing New Future Land Use Plan (Henry 2045), enacted in September 2023, this property qualifies for the Urban Residential Zoning Category, allowing for a multi-family density of 4 to 30 dwelling units per acre! Public water and sewer are readily available on site! Situated in a prime Mcdonough Parkway location close to shopping, this property offers a unique opportunity for development. Please note that the lease on the existing cell tower has already been sold. A permanent easement for the tower site remains intact. This property includes three parcels: 091-01013000, 091f01041002, and 091-01014002 Check out the link below for the New Future Land Use Ordinance, where the subject property is highlighted on the Future Land Use as Urban Residential on page 94 of the color-coded map. To view the full Future Land Use Ordinance, Please Visit: https://drive.google.com/file/d/1-fcd0rymsseguvmjsbmfy44nlgkhhxx3/view?usp=sharing * Read Page 99 for Full Details of the New Urban Residential Zoning! * Don't miss this opportunity to explore the full potential of this prime development space! Prioritize a diversity of housing types within developments that can support a range of household Incomes and sizes; up to 30 dwelling Units per Acre should be Allowed If at least 20% of units are affordable at 80% AMI (Area Median Income) Consider the removal of Minimum Floor Area Requirements for Residential Uses to offer more Flexibility in design and market driven dwelling size; Alternatively, Set a low a minimum such as an Average Floor area size of 600 square feet per unit!
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
6.45 acres
Days on Market
825
MLS® Listing#
10246400
Property Features
Interior
Lot Features
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Walnut Creek
- Middle:
- Eagles Landing
- High:
- Eagles Landing
Financial Details
HOA
None
Annual Taxes
$1,000
Tax year 2023
Parcel Number
091-01013000
Directions
From US-23/GA Hwy 42 turn SOUTH-WEST onto McDonough Parkway. Go 0.4 miles and turn LEFT onto Ivey Edwards Lane. The property will be on your right. GPS: Use this Pin on Google Maps: https://maps.app.goo.gl/1jkDtjFquvDMU79E8?g_st=ic
Affordability Calculator
$110,000
Estimated monthly payment
$2,927/mo
Principal $440,000 · Est. interest $613,839 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in McDonough, GA
- $395,088
- Median Listing Price
- 45
- Median Days on Market
- 2,622
- Median Sq Ft
- $158
- Median Price / Sq Ft
- 1,158
- Active Listings
- This home’s price is 39% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in McDonough, GA.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1191 Folkstone DR, Mcdonough, GA | $385,000 | 5 | — | — |
| 379 Clyde Court, Mcdonough, GA | $385,000 | 3 | 2 | 2,549 |
| 1319 Idlewood CT, McDonough, GA | $385,000 | 4 | — | 2,536 |
| 105 Avalon DR, McDonough, GA | $385,000 | 4 | — | 2,650 |
| 379 Clyde CT, Mcdonough, GA | $385,000 | 3 | — | — |
| 1404 Shingle WAY, McDonough, GA | $385,000 | 4 | — | 2,425 |
Moving Cost Estimate
Listing Courtesy: BHGRE Metro Brokers - 4048432500