For Sale
$1,000,000

118 Belk StLaGrange, GA 30241

Prime development land, seller financing available.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity encompasses 84 residential lots spanning approximately 58-60 acres in LaGrange, Georgia. Zoned for diverse development, including single-family homes (SFH), duplexes, and quadplexes, these lots present a unique chance to capitalize on the burgeoning housing market in one of Georgia's fastest-growing job centers. Located throughout LaGrange, many lots boast city water, sewer, and electric access, minimizing infrastructure costs. The average cost per lot is significantly below current market value, offering substantial potential for profit. This bulk sale presents a rare opportunity to acquire a portfolio of lots in a city experiencing robust economic growth, fueled by major industrial employers like Kia Motors, Duracell, Caterpillar, and the recently announced Remington Firearms relocation. LaGrange's commitment to development is evident in its low impact fees, expedited permitting, tax abatement programs, and foreign trade zone status. Many lots are situated within Opportunity Zones, offering additional investment incentives. The seller is motivated for a quick close and may consider seller financing or a partnership with a qualified developer or builder. Buyer is responsible for verifying all zoning, water, and sewer information. This is a turnkey opportunity for a developer seeking to address the significant housing demand in LaGrange.

Highlights

  • 84 residential lots totaling approximately 58-60 acres in LaGrange, Georgia.
  • Zoned for single-family homes, duplexes, and quadplexes.
  • Many lots have city water, sewer, and electric, minimizing infrastructure costs.
  • Below-market average lot price offers substantial profit potential.
  • Located in a high-growth area with major employers like Kia Motors and Caterpillar, benefiting from low impact fees and expedited permitting.
  • Opportunity Zone designation and potential seller financing available.

Property Details for 118 Belk St

Property type
Land
Lot Size (sq. ft)
2,526,480 SF

Location Insight

City
LaGrange
County
Troup
State
Georgia
Latitude
33.037519040953
Longitude
-85.015130738214
118 Belk St, LaGrange, Georgia

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118 Belk St
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