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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$145,000

Est. payment - /mo

2 Beds

1 Bath

10,497 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Moore H G

MLS Listing ID 10716365

Style Ranch

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1968

Annual Tax Amount $640

Tax Year 2025

Lot Size 10,497 Sqft

Acres 0.241

Lot Dimensions 10497.96

Property Sub-Type Single Family Residence

Source Georgia MLS 2

Property Description

You've been considering developing. This is your opportunity. You need a spacious lot that is suitable for both business and personal. Look no further. You've been looking for a residential lot with strong agricultural and homestead potential. You're in luck. You have just come across one of the strongest infill opportunities in the city and it wasn't by mistake. Welcome to 5347 Lacey Ave. What makes this opportunity strategic and unique is that this 2 bed, 1 bath home, on approximately a quarter acre can be acquired individually for $145,000 as a rehab or redevelopment opportunity, or better yet, you have the option to purchase all 4 parcels combined for $210,000, unlocking the full potential of the 1.5 acre site. Whether you're looking to build multiple homes, create a long-term investment hold, or position yourself for future commercial use, this site gives you options. Positioned at the end of a dead-end street, the property benefits from limited traffic and added privacy, while still maintaining strong accessibility. It also features dual road frontage, giving you flexibility with layout, access points, and future development potential. Perhaps you're not familiar with the area, so here's what you need to know. You're minutes from Hartsfield-Jackson International Airport, roughly 15 minutes from downtown Atlanta, and surrounded by major interstates including I-75 and I-285, making connectivity seamless. The area continues to see steady growth with nearby residential and commercial development, positioning this as a smart long-term play. Even more important, there is rezoning potential to commercial use, which adds another layer of upside for investors looking to maximize the highest and best use of the land.With ARV per newly constructed home estimated around $240,000, this creates a potential revenue of up to $960,000. The pricing has been strategically positioned to allow for builder margin while still offering immediate upside. Opportunities like this with subdivision potential, dual road frontage, and future rezoning upside are becoming increasingly difficult to find in this market.

Location

State GA

County Clayton

Rooms

Bedroom Description No

Other Rooms Barn(s)

Basement None

Interior

Interior Features Other

Heating Other

Cooling Electric, Gas, Other, Window Unit(s)

Flooring Other

Fireplaces Number 1

Fireplace Yes

Appliance Other

Laundry None

Exterior

Parking Features None

Garage Spaces 9.0

Fence Front Yard

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description No Dock Or Boathouse

View Y/N Yes

View City, Seasonal View, Valley

Roof Type Other

Total Parking Spaces 9

Garage No

Private Pool No

Building

Lot Description Corner Lot, Private

Faces Waze and Gps. Drive to the end of the dead-end road

Sewer Septic Tank

Water Public

Architectural Style Ranch

Structure Type Other

New Construction No

Schools

Elementary Schools Morrow

Middle Schools Morrow

High Schools Morrow

Others

HOA Fee Include None

Tax ID 12179D A009

Security Features Gated Community

Acceptable Financing 1031 Exchange, Cash, Conventional, Private Financing Available

Listing Terms 1031 Exchange, Cash, Conventional, Private Financing Available

Special Listing Condition Fixer

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

5347 Lacey AVE Morrow, GA 30260

Naveen Sharma

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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5347 Lacey AVE