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5347 Lacey Avenue; Morrow, GA 30260

$145,000

1,075 Sq Ft
2 Bedrooms
1 Bathrooms
None
7739985
You’ve been considering developing. This is your opportunity. You need a spacious lot that is suitable for both business and personal. Look no further. You’ve been looking for a residential lot with strong agricultural and homestead potential. You’re in luck. You have just come across one of the strongest infill opportunities in the city and it wasn’t by mistake. Welcome to 5347 Lacey Ave. What makes this opportunity strategic and unique is that this 2 bed, 1 bath home, on approximately a quarter acre can be acquired individually for $145,000 as a rehab or redevelopment opportunity, or better yet, you have the option to purchase all 4 parcels combined for $210,000, unlocking the full potential of the 1.5 acre site. Whether you’re looking to build multiple homes, create a long-term investment hold, or position yourself for future commercial use, this site gives you options. Positioned at the end of a dead-end street, the property benefits from limited traffic and added privacy, while still maintaining strong accessibility. It also features dual road frontage, giving you flexibility with layout, access points, and future development potential. Perhaps you’re not familiar with the area, so here’s what you need to know. You’re minutes from Hartsfield-Jackson International Airport, roughly 15 minutes from downtown Atlanta, and surrounded by major interstates including I-75 and I-285, making connectivity seamless. The area continues to see steady growth with nearby residential and commercial development, positioning this as a smart long-term play. Even more important, there is rezoning potential to commercial use, which adds another layer of upside for investors looking to maximize the highest and best use of the land.With ARV per newly constructed home estimated around $240,000, this creates a potential revenue of up to $960,000. The pricing has been strategically positioned to allow for builder margin while still offering immediate upside. Opportunities like this with subdivision potential, dual road frontage, and future rezoning upside are becoming increasingly difficult to find in this market.
Key Facts
  • Style:
  • Year Built: 1968
  • Status: Active
Schools
  • Elementary School: Morrow
  • Middle School: Morrow
  • High School: Morrow
Bedrooms
  • Beds Total: 2
Bathrooms
  • Baths Full: 1
  • Baths Half: 0
  • Main Full Baths: 1
  • Master Bath Features: None

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Private & Public Schools Nearby

  • 2 / 5
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    Morrow Elementary School
    6115 REYNOLDS ROAD; Morrow, GA 30260
    Public PK-5th  |  577 students
    Metro Atlanta School Rank: 810th
  • 1 / 5
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    Morrow Middle School
    5968 MADDOX ROAD; Morrow, GA 30260
    Public 6th-8th  |  928 students
    Metro Atlanta School Rank: 423rd
  • 1 / 5
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    Morrow High School
    2299 OLD REX MORROW ROAD; Morrow, GA 30260
    Public 9th-12th  |  1,829 students
    Metro Atlanta School Rank: 308th

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Listing Provided Courtesy Of: Keller Williams Realty ATL North
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Listing information last updated on April 26, 2026
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