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2861 COLE CT Norcross, GA 30071
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Key Details
Sold Price $100,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 7269017
Sold Date 09/28/23
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 2023
Annual Tax Amount $77
Tax Year 2023
Lot Size 1.470 Acres
Acres 1.47
Property Description
Discover a prime opportunity in the realm of real estate with this expansive commercial industrial land now available for sale. Offering a blank canvas brimming with potential, this vacant lot promises to be a rewarding venture for visionary builders aiming to amass substantial equity in a burgeoning market.
Positioned advantageously, this lot boasts an array of utilities that are readily accessible, ensuring a seamless and expedited construction process. The convenience of these available utilities adds a layer of ease to the building endeavor, allowing for swift progress and a reduced timeline to transform your dreams into reality.
Nestled in a strategic location, this property stands as a testament to convenience, granting seamless access to a plethora of amenities and services. Its appeal is further magnified by the fact that it's an enticing prospect for out-of-state investors, broadening the horizons of possibility and ensuring a diversified portfolio.
However, it's important to note that the responsibility of confirming utilities and adhering to any potential restrictions falls on the buyer's shoulders. This essential due diligence guarantees a smooth transaction and a solid foundation for future developments.
The real gem in this investment lies in its highest and best use (H&B) designation. Envision this lot as the canvas for a cutting-edge 10,000 to 15,000 square foot flex warehouse build – a concept that aligns perfectly with the evolving demands of modern businesses. Flexibility and adaptability define this design, catering to a wide spectrum of industries seeking a versatile space to thrive.
As you assess the potential returns, keep in mind that the end price point for this land, once accompanied by the envisioned building, ranges from an enticing $1.1 million to $1.3 million. This valuation underscores the promising prospects of this investment, offering a tantalizing glimpse into the lucrative possibilities that await.
In conclusion, this vacant commercial industrial land stands as an unparalleled prospect for enterprising builders and investors. With the fusion of strategic location, accessible utilities, and a well-defined highest and best use, it represents a rare chance to embark on a journey of equity growth and financial success. Seize the opportunity today and set the wheels in motion for a transformative development that promises substantial rewards.
Location
State GA
County Gwinnett
Zoning M1
Lake Name None
Rooms
Other Rooms None
Basement None
Interior
Interior Features Other
Heating None
Cooling None
Flooring None
Window Features None
Exterior
Parking Features None
Fence None
Utilities Available Other
Waterfront Description None
View Other
Roof Type None
Street Surface Other
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Other
Story Three Or More
Foundation None
Level or Stories Three Or More
Structure Type Other
New Construction No
Construction Status Resale
Others
Senior Community no
Tax ID R6256 001B
Special Listing Condition None
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Bought with Berkshire Hathaway HomeServices Georgia Properties