262 Estoria Street

Description

RARE CABBAGETOWN VACANT LOT - Thanks for your interest in this developed ready-to-build lot in the heart of Cabbagetown on Estoria Street. Set atop a hill overlooking the city with rear alley access, the lot is cleared, has new brick sidewalks and granite curbs, a new sewer tap, a brand new retaining wall and architectural plans for a 1960sf 2/2.5 home that is fully approved with the Urban Design Commisison and the Cabbagetown Historic Association. All a new owner needs to do is submit construction plans for final building permit at the City of Atlanta which is a straight-forward and simple process that takes 4-6 weeks. The property has approximately $50,000 of cash invested in the required sidewalks, granite curbs, sewer taps, retaining walls, surveys, architectural plans, and permitting costs. Add to that the year+ of hard work to get to the point where the homes is through the hard part of the permitting process. The value of the home, once built, will be ~1M so this is a low risk and high reward opportunity to build a dream home or to have a profitable investment project in one of the best and most central historic neighborhoods in the city.