40 Acre of Developable Land in Dalton Georgia - Looking for ideas

[Joshua Bufford]

Hey fellow investors! My family has a farm in Dalton Georgia that's been in the family for about 100 yrs. I am a small-time real estate investor in Richmond VA area and others in my family have no experience in development or building. Most of the family have moved or passed away and only 2 older relatives still live nearby in GA. We're trying to figure out a plan for this property and looking for ideas or buyers or partners.

This land is great because:

- There's a lot of road frontage along two roads as it connects in a corner. 

- Topography is nice as it all slopes up to a hill in the center. 

- County water could be available, but lots would also likely perk for well and septic based on the family lots that existed around this one. 

- Land is long-since paid for, so creative financing is an option with the right plan in place. 

Challenges that we already know about are:

- Since my great grandfather passed in 1995 the land has not been farmed and has since grown up so it is wooded but not with pretty trees and would likely need to be cleared. 

- Economics in Dalton GA have been depressed for some time. It's not a growing area in GA. 

- One acre was carved off on one of the road frontages for an aunt's home. She's willing to sell as well and move, but that does break the road frontage on one spot. 

- The property was listed for about a year with a broker at $10K/acre, but really had no action. The listing will not be renewed. 

I'd love to hear your brainstorming on options. Thanks team!