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10 Mercantile DrNewnan, GA 30265

8 Acres, Entitled Hotel Site, Sewer

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8-acre commercial land parcel presents a unique investment opportunity in Newnan, Georgia. Located at 10 Mercantile Dr, 30265, this property is zoned CGN - General Commercial and offers an unparalleled advantage: it's an entitled hotel development site. Situated directly across Poplar Road from the expanding Piedmont Newnan Hospital, this location benefits from high visibility and proximity to a major healthcare facility. The site boasts a significant allowable building height of 85 feet, a crucial factor for maximizing development potential. A key differentiator is the property's connection to the sewer system – a significant advantage in Newnan, where comparable entitled sites are scarce. The total acreage encompasses approximately 8 acres, including a shared detention pond. For development purposes, approximately 4.63 usable acres have already undergone rough grading, streamlining the construction process. This prime location, coupled with its entitled status and sewer access, makes this an exceptional opportunity for hotel development in a rapidly growing area with zero existing hotels in the immediate vicinity. The property is situated in Coweta County and offers significant potential for investors seeking a high-return development project.

Highlights

  • 8-acre commercial land parcel in Newnan, GA.
  • CGN - General Commercial zoning.
  • Located at 10 Mercantile Dr, Newnan, GA 30265.
  • Entitled hotel development site with 85-foot allowable building height.
  • Rough-graded, with 4.63 usable acres and a shared detention pond.
  • Broker co-op available.

Property Details for 10 Mercantile Dr

Property type
Land
Lot Size (sq. ft)
348,480 SF

Location Insight

City
Newnan
County
Coweta
State
Georgia
Latitude
33.3605556
Longitude
-84.7535632
10 Mercantile Dr, Newnan, Georgia

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10 Mercantile Dr
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