This multifaceted parcel offers lots of future potential. On just over 9.73 acres, there are currently 14 residential rental units. Approximately 780 feet of Corps of Engineers frontage on Lake Lanier. The entire project nets approximately a 9% Net Annual Return to the Investor. Convenient to Gainesville.
The parcel also has a recorded plat for a 16 lot lakeside subdivision as an exit strategy from the current use. Community Dock is also in place in a deepwater location on the lake. Parcel could also be divided into estate sized lots for luxury homes.