Prime ±9.9-Acre Development Site in Newnan, GA | Potential Owner Financing

Highlights:

• ±9.9-Acre Development Opportunity ideal for senior cottages, assisted living, memory care, or 55+ multifamily housing.
• Prime Newnan Location with excellent access to major roadways and surrounding residential neighborhoods.
• Just 400 Yards from a Publix-Anchored Shopping Center providing convenient access to retail, pharmacy, dining, and professional services.
• Established Senior Housing Corridor directly across from a successful senior cottage community, demonstrating strong demand for age-restricted housing.
• High-Growth Coweta County Market offering a rare opportunity to develop within a proven and amenity-rich submarket.
• Zoning: Although the Coweta County zoning designation Residential Retirement Community and Care (RRCC) has been rescinded, this site plan had been approved under RRCC. Any plan changes will need to be approved by Coweta County.

Description:

9.9 Acre Potential Owner Financing | IRC 453 Installment Sale Terms:
• Price: $3,000,000.00
• Down Payment: 20% or $600,000.00
• Unsubordinated Interest-Only payments at 5% interest
• Term: 36 months
• Balloon payment at end of term

The original RRCC (Residential Retirement Community & Care) zoning district in Coweta County, Georgia, supported a tiered maximum density depending on the specific structure type, capped at a maximum of 12 units per acre for multi-family developments.

According to Section 92A of the original ordinance (Article 9A), the detailed dimensional and density breakdown includes:
Density & Dimensional Limits
• Multi-Family Structures: Maximum density of 12 units per acre.
• Single-Family Detached Structures: Minimum lot size of 8,500 sq. ft.
• Single-Family Attached Structures: Minimum lot size of 10,000 sq. ft.
• Minimum District Footprint: The absolute minimum acreage required to establish or rezone a tract to an RRCC district was 5 acres.

Note on Current Status: If you are analyzing a specific property or historical tract under this classification, keep in mind that the Coweta County Board of Commissioners officially deleted the RRCC district in its entirety via Ordinance #029-23 on August 22, 2023. Existing developments approved under the classification are generally grandfathered or governed by specific conditional use permits and site-specific conceptual plans approved prior to its removal.

The demographics for this site are like the area you are looking for, more reasonable land price and zoning with all utilities available. and wide open with little market rent competition, and part of a master development/resort for seniors bordering the golf course, etc. See Phase I of the master plan which has been completed (more information below). Phase II is for this 55+ for rent or IL development.

Phase I Completed: The Gardens at Arbor Springs is an award-winning, luxury 55+ active adult community located in Coweta County just north of downtown Newnan, Georgia (ZIP code 30265). Adjacent to the larger master-planned Arbor Springs Plantation community, it is tailored specifically for low-maintenance, high-end living.

Community Overview & Setting
The development is designed around an English cottage-inspired aesthetic, featuring curbless sidewalks, landscaped streetscapes, and private courtyard spaces. It caters to active adults seeking single-level floor plans and maintenance-free exterior landscaping.

• Location Advantages: Situated off Highway 29/I-85, offering direct commutes to Hartsfield-Jackson Atlanta International Airport (~20 miles north), Peachtree City, and downtown Newnan’s historic square (~10 miles south).
• Environment: Quiet, wooded enclave surrounded by green space, nature trails, and small lakes/ponds.

Architectural & Home Features
Homes in the community typically range from approximately 2,000 to over 3,500 square feet, with prices generally spanning from the $700,000s to over $1,000,000 depending on lot placement and custom upgrades.

• Single-Level Living: Floor plans are primarily 3- to 4-bedroom layouts engineered for main-floor accessibility, often featuring vaulted ceilings with exposed wood beams and zero-step entryways.
• Courtyard Designs: Many homes center around private, enclosed courtyards equipped with options for outdoor kitchens, fire pits, plunge pools, or covered loggias.
• Construction & Finishes: Built largely by custom builders (such as McKinney Builders), homes feature painted brick and stone exteriors, reclaimed hardwood flooring, butler’s pantries, gas fireplaces, and energy-efficient systems (including Geothermal heating/cooling options).

Amenities & Lifestyle
• Clubhouse: A central community clubhouse featuring gathering spaces, a catering kitchen, fireplaces, an exercise/fitness room, and an outdoor deck.
• Recreation: On-site bocce ball courts, community gardens, and paved walking paths.
• Golf & Country Club Access: Residents are adjacent to the Coweta Club at Arbor Springs, an 18-hole championship golf course featuring driving ranges, dining facilities, tennis courts, and swimming facilities.

Located in the heart of Newnan’s rapidly growing residential corridor, this ±9.9-acre development site presents a rare opportunity for a senior housing, assisted living, or 55+ multifamily community suitable for 118 units. Positioned within an established, amenity-rich area of Coweta County, the property offers exceptional accessibility and proximity to daily conveniences, making it ideally suited for age-restricted residential development. All utilities available on site.

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