3.13 Acres Lot
3.13 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Lancashire Court Ltd (Phase Ii)
MLS Listing ID 7799189
HOA Y/N No
Year Built 1981
Annual Tax Amount $1,383
Tax Year 2025
Lot Size 3.126 Acres
Acres 3.126
Property Sub-Type Multi Family
Source First Multiple Listing Service
Property Description
Situated within a Qualified Opportunity Zone (QOZ), the property provides potential for substantial tax advantages, including capital gains deferral and a 10-year step-up to fair market value, with the OZ window open through December 31, 2028. At a competitive basis of $18,646 per door, the site pricing remains well below replacement costs and recent land transactions in the area.
The property benefits from strong demand drivers: proximity to I-285 and downtown Decatur employment hubs, integration into DeKalb's affordable housing corridor, and complementarity to recent large-scale LIHTC developments delivering within five miles. As institutional absorption continues in the submarket, this parcel is ideally suited for developers seeking scalable investment in an area familiar to DCA underwriters with a demonstrated record of program success.
Location
State GA
County Dekalb
Area Lancashire Court Ltd (Phase Ii)
Zoning X
Lake Name None
Rooms
Other Rooms None
Interior
Equipment None
Exterior
Fence None
Community Features None
Utilities Available Electricity Available, Natural Gas Available, Sewer Available
Waterfront Description None
View Y/N Yes
View Other
Present Use Other
Street Surface None
Private Pool false
Building
Lot Description Level
Schools
Elementary Schools Stone Mill
Middle Schools Stone Mountain
High Schools Stone Mountain
Others
Senior Community no
Nearby School & Business