JeffCroweCRE
Land

1240 Gus Thornhill Jr Drive

East Point, GA 30344

Location

1240 Gus Thornhill Jr Drive, East Point GA 30344

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List Price$110,000
Acres0.31
$/Acre$354,839
ZoningR1
DOM123
Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7784037
Listing Provided By Maximum One Realtor Partners · 678-782-5050
Description

Property Description

Nestled on a spacious corner lot in the heart of East Point, this rare development opportunity offers the chance to create something truly special. Imagine designing your dream home with room to spread out, entertain, and enjoy the convenience of one of Metro Atlanta's most rapidly evolving communities. Surrounded by new investment and redevelopment, this approximately 0.31-acre parcel offers public water, sewer, and gas availability along with easy access to Downtown East Point, MARTA, and Hartsfield-Jackson Atlanta International Airport. For those with a vision, there may be potential to explore a subdivision opportunity, allowing for the possibility of two homes-live in one and create rental income with the other, build for family, or develop for resale. Buyers are encouraged to conduct their own due diligence regarding zoning, lot configuration, subdivision potential, setbacks, utilities, and intended use. Whether you're a homeowner, builder, or investor, this property offers the opportunity to be part of East Point's continued growth and transformation.
Tax Advantage

Opportunity Zone Property

Tract 13121011000

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

View all Opportunity Zone properties →IRS Opportunity Zones overview ↗
Use

What this site can be used for

Current
Other
Possible
Other

Uses come from the MLS listing. Confirm allowed uses with the city or county before you write an offer.

Site

Site readiness

Pulled from MLS utility fields and listing remarks. Green means the listing mentions it — not that it is installed or permitted.

  • WaterNoted

    Listing or remarks mention public water or a meter

  • Sewer / septicNoted

    Sewer, septic, or perc / soil work mentioned

  • PowerUnknown

    Not stated in MLS fields or remarks

  • Road frontageCheck

    City Street

  • Survey / soilsUnknown

    No survey or soil language found in remarks

0.31 acres

Parcel notes

Other listing fields not covered above

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1240 Gus Thornhill Jr Drive

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Disclaimer

Important Investment Information

Land metrics (acreage, price per acre, zoning) are taken from the MLS listing when available. All figures are for screening only — verify parcel data, surveys, and restrictions independently.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.