1113 Riverside Terrace Gainesville GA 30501 MLS #7628461

Multifamily Land for Sale | 1113 Riverside Ter, Gainesville, GA 30501
Price: $275,000
Lot Size: 0.27 Acres | Zoning: R-II

Redevelopment Opportunity in Prime Gainesville Location

Unlock the potential of this rare redevelopment property in the heart of Gainesville! This 0.27-acre lot is zoned R-II, allowing for single-family homes, duplexes, townhomes 3 units, condos, or apartments.

Currently improved with a 2-bedroom, 1-bath home built in 1953, the structure is not suitable for occupancy and is being sold as-is for redevelopment purposes.

Property Highlights

R-II Zoning – Multifamily, townhomes, condos, or redevelopment permitted

0.27-acre lot | Sewer connection verified by the City of Gainesville

Seller to provide a new survey

Two new townhomes under construction next door

Assemblage potential – Combine with 1112 Alpine St NE (also for sale) to expand development

Location Advantages

Just minutes from Downtown Gainesville, Northeast Georgia Medical Center, Brenau University, schools, shopping, and Lake Lanier – all major drivers of housing demand.

This property offers an exceptional opportunity for investors, builders, and developers seeking infill projects and growth potential in one of Gainesville’s most active redevelopment corridors. Please note: The conceptual plan applies to 1113 Riverside Ter and 1112 Alpine St. Only three townhomes may be built on 1113 Riverside Ter.