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INCREDIBLE opportunity to develop a high-traffic restaurant or retail space. 1.77 acres includes land in the trees as shown on this former Skate Center and Waffle House property, note aerials and plat map. Two parcels are part of this sale - 700 Scott Nixon Memorial Drive (016-0-238-02-0) and 599 Frontage Drive (016-0-238-03-0). Deed restriction only applies to the sliver of 599 Frontage Drive and relates to breakfast foodservice such as Waffle House engaged in - it does NOT apply to 700 Scott Nixon. This property is across Bobby Jones from Wal-Mart, Sam's Club and Lowe's and just south of Home Depot (where GDOT average daily traffic count was 49,400 in 2019), further south along Bobby Jones is exit 196 of I-20. Scott Nixon Memorial Drive is also a development corridor running to the present CarMAX and Gander Outdoors complex along I-20. Billboard sign facing I-520 is currently on the 599 Frontage Drive property. The right business built at this location could pay dividends!
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This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate.
Residential (or Property) Taxes are a little harder to figure out... the average residential tax rate seems to be around $14 per year for every $1,000 of your property's assessed value.
Let's say that your property's assessed value is 85% of what you actually paid for it - $1,440,750.00.
This would mean that your yearly residential taxes will be around $20,170.50.
This could add $1,680.88 to your monthly payment.