Norcross, GA 30071,2861 COLE CT
Norcross, GA 30071,2861 COLE CT
Norcross, GA 30071,2861 COLE CT
6
$100,000
$325,000
69.2%
Est.Price: ?

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1.47 Acres Lot

2861 COLE CT Norcross, GA 30071

Est. payment /mo
SOLD DATE : 09/28/2023

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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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First Multiple Listing Service(FMLS)
Listed by Virtual Properties Realty.com
Bought with Berkshire Hathaway HomeServices Georgia Properties

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Casandra Dean

Broker | License ID: 384394

+1(470) 336-3251

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