167 (+/-) Acres Jonesboro Ga
Listing was updated at: 12/20/2018
Property Overview
Price/Rent PSF $ 2,920,000.00
Asset Type Land
Trade Type Sale
Acres Available 167.00
Date Available 12/20/2018
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Description

Location
Beautiful heavily wooded 167 (+/-) acre property is complete with pasture areas, a large lake and has 3 single-family residences. The rent from the houses provides positive cash flow. The property fronts on both Tara Blvd. & Poston Road. A Barn & Pavillion area are also located on the property. The subject would be suitable for multiple uses both residential & commercial. GaDOT recently acquired approximately 1/2 acre at Tara Blvd. and Poston Rd. to enhance the intersection.

Sale
167 wooded acres is located outside of historic Jonesboro, Ga, just minutes south of Atlanta. It has 3 residential structures which are leased (gross revenues from these leases total in excess of $36,000 annually and provide a positive cash flow). There are several other utility type buildings located on the property. It is partially wooded with vacant areas for pasture and other uses and has a beautiful spring-fed lake. The property fronts on the busy Tara Blvd., which with the recent amendments to the county's land use plan, the property along the road frontage could eventually be zoned for commercial/retail use. The property is ideal for mixed-use development.

Location