$579,900
For Sale

2551 Panola Road

Decatur, GA 30035
Browse 12 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Location! Location! 1.97 Acres of undeveloped land in the Stonecrest Overlay District is located in a mixed-use area on Panola Rd between I-20 and less than 2-3 mi. from the Covington Hwy busy intersection. The lot is next to Super Suds Car Wash and Panola Crossing Shopping Plaza, directly across from the Lou Walker Senior Citizen Recreational Center. The area is growing with new townhome developments, restaurants, a Lidl & Publix store, LA & Planet Fitness gyms, Walmart, and much more to come! Panola Rd and Covington Highway is a highly traveled road ready for development. Currently zoned C-1, but would be perfect for multi-family re-zoning such as Senior Housing or townhomes.
Survey and the StoneCrest Overlay District Design Requirements are available upon request. The seller has single-family residential plans for 18 townhome units (1 car garage) and 13 townhomes (2 car garage). The Buyer is responsible for verifying all information and confirming re-zoning possible use. The property GIS Mapping is in the City of Stonecrest. The city and zip code per the Dekalb County tax records will state Decatur, 30035. However, the taxes are paid to the City of Stonecrest. This is a GIS Mapping issue that the USPS and Stonecrest GIS Mapping will resolve at a future date.

  • Property Details
      • Lot DescriptionIrregular Lot, Level
      • ViewCity
    • Measurements
      • Acres1.97
  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • Middle SchoolMiller Grove
      • High SchoolMiller Grove
      • CountyDekalb - GA
      • Elementary SchoolFlat Rock
  • Financial Details
      • Original List Price$579,900
      • Taxes Annual$5,274
  • Other
      • MLS #7452503

Location

Michelle GardnerReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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