54± acres, Zoned AG1 - Milton - 1 ac lot Min.
54 Acres of Residential Land Offered at $5,800,000 USD in Alpharetta, GA 30004
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,800,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Land
Listing Contacts
Charlene Mariani
Verified Profile
- Property Info
Property Overview
Developers and Investors here is a great opportunity to acquire approximately 54 acres, zoned AG-1, located in prestigious Milton with over 1000ft of road frontage on New Providence Rd. One of the last parcel of this size in the area. Homes in this area are selling in the high $1M and above range. No rezoning required for minimum 1 acre lots. The 54 acres is comprised of two parcels; 22-3550-0997-040-3 and 22-3550-0997-041-1. Income producing cell tower lease on property. Best future use is single detached luxury residential redevelopment. Terrain: rolling, wooded, creek, pond. Livable 1968 4BR 3.5BA ranch home on an unfinished basement on property(price does not give value to home). . Located close to Alpharetta, Johns Creek, Zoned AG-1, which in Milton mandates that each lot must be at least 1 acre. Milton development proposals that comply with AG-1 zoning standards are permitted “by-right” and cannot be rejected if they meet all the necessary requirements. Development incentives are available with some relief to standard subdivision regulations for lots 3 acres and greater. Milton is accessible from Georgia 400, which runs southeast of the City limits, and multiple major highways cross through the city, including Highway 9 / Deerfield Road, State Route 372 / Birmingham Highway, and State Route 140 / Arnold Mill Road. **APPOINTMENT REQUIRED to walk property. Please do not walk property without making an appointment with Listing agent.**
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Over 1000 ft of road frontage on New Providence Rd
- ±6 miles to GA-400, ±4.5 miles to Hwy 9, Within 1.5 to 4 miles to schools
- Zoned AG1 - Agricultural (NO rezoning required w/ Min. lot size 1 acre) (building incentives given to min. 3 acre lots)
- Utilities available: water, power, telephone, cable (NO SEWER)
- Terrain: rolling, wooded, creek, pond
- Livable 1968 4BR 3.5BA ranch home on an unfinished basement on property(price does not give value to home)
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