Norcross, GA 30071,2861 COLE CT
Norcross, GA 30071,2861 COLE CT
Norcross, GA 30071,2861 COLE CT
5
Listed by Sarah Ramdass • Virtual Properties Realty.com
Bought with Azza Barhoma • BHHS Georgia Properties
$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

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10198865

Sold Date 09/28/23

Construction Status Resale

Year Built 2023

Annual Tax Amount $77

Tax Year 2023

Lot Size 1.470 Acres

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 Co 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

Interior

Heating None

Cooling None

Flooring Other

Exterior

Parking Features Other

Utilities Available Other

Roof Type Other

Building

Sewer Other

Construction Status Resale

Others

Financing Cash

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Georgia MLS (GAMLS)
Sarah Ramdass

Realtor | License ID: 420346

+1(706) 362-3145 | sarahramdass@epique.me

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