Menu
t r a n s l a t e

SOLD | Liquidating Trust Sale | Villages of Riverview

3300 Shoals School Road
Douglasville, GA 30135
PRICE : Contact Bull Realty for information
PROPERTY TYPE: Land
SITE SIZE: 856.00 Acres

Description

Villages of Riverview encompasses approximately 856 acres making it one of the largest fully entitled properties in metro Atlanta. Its convenient location, less than 15 miles to downtown Atlanta and Hartsfield Jackson International Airport, uniquely positions this property for future development. Already approved by the City of Douglasville, Villages of Riverview’s entitlements include 1,095 single family residences of various sizes, 325 townhomes, and 14 acres of commercial property. Several popular restaurant and retail establishments are nearby, as well as Sweetwater Creek State Park, a 2,500 acre nature preserve that acts as the subject property’s northeastern boundary.

The subject property was previously purchased in 2008 as a part of DBSI’s Tenant-in-Common investment strategy. At the time of acquisition, DBSI received an independent appraisal valuing the asset over $20,000,000. Subsequently, through the bankruptcy process, the DBSI Real Estate Liquidating Trust was created for the purpose of selling off the remaining assets. This sale is subject to a timber harvest contract currently in place and already underway to achieve a minimal thinning according to forestry management best practices.

To encourage educated offers, a comprehensive due diligence package is available to qualified buyers which includes surveys, zoning ordinances, topography maps, rock studies, water-sewer maps, timber inventory report and environmental studies.

Request more information