±42.35 Acres | Townhome Development Site

Highlights

• ±42.35-acre site that is a subdivision of a larger ±85.43-acre offering
• Located in DeKalb County, less than 2 miles west of the intersection of I-20 and I-285
• Economic incentives available from being in a Qualified Census Tract (QCT) and Livable Center Initiative (LCI)
• I-20 Corridor Overlay District allows for Mixed-Use Developments, up to 40 Du/Ac, plus 25% bonus density, plans show over 331 townhome units and are allowed under the current zoning and overlay district
• Adjacent to the Wesley Chapel Transit Oriented District (TOD) and walking distance from a new planned Marta Station at Wesley Chapel

Description

Bull Realty is excited to present an exceptional ±42.35 acre development opportunity, ideal for developers and investors. Located within the Interstate 20 Corridor Overlay, this site offers a range of mixed-use development possibilities. The property can be acquired in its entirety or subdivided to suit the needs of interested buyers. This ±42.35 acre site is part of the larger Snapfinger assemblage, which spans approximately ±85.43 acres. It is available for purchase either as a standalone property or along with the remaining acres. Click here to explore the complete ±85.43 acre assemblage package.

The gently sloping topography and grade at or above road level enhance the site’s appeal. Water and sewer credits are available, with all other utilities accessible at the road. While the zoning allows for diverse commercial uses, the site is particularly well-suited for townhome and multifamily residential development. Recent studies suggest the potential to develop 331 townhome units. As a Tier III property within the Interstate 20 Corridor Overlay District, it supports medium-density mixed-use development with allowances for up to 4 stories in height and 40 dwelling units per acre, plus a 25% density bonus upon meeting specific criteria.

Strategically positioned just off the Wesley Chapel Road Exit on Interstate 20 (±64,795 VPD) and along Snapfinger Road (±17,800 VPD), this site is perfect for Transit-Oriented Development (TOD). It falls within a Qualified Census Tract (QCT) and a Livable Center Initiative (LCI) District, offering significant economic incentives for development. Additionally, the site is adjacent to the Wesley Chapel Road TOD District, where MARTA plans to establish a new station. Located less than 2 miles east of the I-20 and I-285 interchange and within walking distance of the future MARTA station, this property presents a prime opportunity for transit-oriented projects.

This property is located in Decatur, GA.