Metrosouth Realty

Commercial Land Sales and Rezoning in Peachtree City, Georgia

 

Back on the market September-24-2009
The 2.45 acre site in Lexington Circle on the corner of Georgia State Highway 54 (Floy Farr Parkway) and Walt Banks Road will be going back on the market at $1,250,000, subject to the conditions of the LUC-16 zoning.
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Lexington Circle

Lexington Circle is the commercial portion of a 73 acre mixed-use project on State Highway 54 at the eastern side of Peachtree City, Fayette County, Georgia.

The site plan has been revised to include 2 small traffic roundabouts on the new roadway (named Lexington Circle). These 2 roundabouts replace the large traffic circle on the previous plan. Lexington Circle has been partially built from the traffic light on Hwy. 54 to the first of the 2 roundabouts (behind Bruster's).

The revised site plan has 9 commercial parcels that are available for sale to developers and commercial users.

6 of the commercial parcels have been sold. Neighborhood Community Bank, Zaxby's CVS and Bruster's Ice Cream are open for business.

Brokerage representation for Lexington Circle is being shared between Metrosouth Realty and David Rossetti of Group VI Real Estate in Peachtree City. Group VI will also be involved in the development of the parcels being offered for sale as well as construction of the office and commercial buildings.

Call Rick Schlosser at 770-315-6977 or David Rossetti at 770-389-9100

for prices of the available commercial parcels


Zoning Information

The zoning for Lexington Circle is LUC-16. The purchaser will be responsible for preparing a site plan that conforms to the LUC-16 zoning and presenting it to the City. Purchaser will also be responsible for designing and constructing the building(s) planned for the site. The design and construction of the building(s) will be in accordance with the architectural guidelines that are currently being written.

LUC-16 allows 345,000 square feet of retail and office space plus 80 residential units that can be lofts or townehomes. The major elements of the LUC-16 zoning ordinance are:

  • Largest single tenant building is 50,000 square feet

  • Second largest building is 40,000 square feet

  • All other buildings are 32,000 square feet or smaller

  • Automotive oriented businesses such as gas stations, convenience stores, repair shops, tire stores or businesses that are totally reliant upon drive thru customers are not allowed in Lexington Circle

  • There will be architectural guidelines that will have at least two levels of review before any building can be constructed within Lexington Circle

The details of the LUC-16 zoning ordinance can be reviewed at the Peachtree City website - www.peachtree-city.org under City Government - Code of Ordinances.

Contact Rick Schlosser at 770-315-6977 or David Rossetti at 770-389-9100

for more information on Lexington Circle.

   

©2009