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Cascade Palmetto Hwy & Rivertown Rd - Farm at Bear Creek

170 Acres of Agricultural Land Offered at $10,500,000 in Palmetto, GA 30268

Executive Summary

• This is an opportunity to develop and build in a large master-planned community to meet the immediate and growing housing needs for this market.
• Convenient access to surrounding amenities via Cascade Palmetto Hwy, South Fulton Parkway and Interstate 85.
• Approximately 15 miles from Hartsfield-Jackson International Airport, the world’s busiest airport that employs more than 63,000 people.
• Located in South Fulton, the 5th best-selling county in metro Atlanta for new Single Family Detached (“SFD”) house sales.
• There are only 2,733 vacant developed lots (“VDLs”) in the market, which is the lowest VDLs since 2003.
• Located in the Langston Hughes High School district where new detached homes had a sales price of $331,000 through 1Q22.
• The property is currently zoned AG-1 and is a working cattle farm.
• A sewer pump station is located southeast of the property and may be accessed via future easements.
• Approximately 65 acres are in pasture.
• Over 3,500 feet of paved road frontage on Cascade Palmetto Hwy and Rivertwn Road.

Data Room Click Here to Access

Property Facts

Price $10,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Agricultural
Total Lot Size 170.00 AC

1 Lot Available

Lot

Price $10,500,000
Price Per AC $61,764.71
Lot Size 170.00 AC

zoning

Zoning Code AG (Agricultural)
AG (Agricultural)
  • Listing ID: 27007931

  • Date on Market: 10/31/2022

  • Last Updated:

  • Address: Cascade Palmetto Hwy & Rivertown Rd, Palmetto, GA 30268

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