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Realty One Group Edge
1113 Riverside Terrace, Gainesville, GA 30501
- $192,000
- 2
- BD
- 1
- BA
- 910
- SqFt
- Sold Price
- $192,000
- List Price
- $275,000
- Closing Date
- Nov 21, 2025
- MLS#
- 7628461
- Status
- CLOSED
- Type
- Single Family Residential
- Subtype
- Single Family Residence
- Bedrooms
- 2
- Bathrooms
- 1
- Square Footage
- 910
- Lot Size
- 0.27
- Basement
- Yes
- Basement Description
- Crawl Space
Property Description
Multifamily Land for Sale | 1113 Riverside Ter, Gainesville, GA 30501 Price: $275,000 Lot Size: 0.27 Acres | Zoning: R-II Redevelopment Opportunity in Prime Gainesville Location Unlock the potential of this rare redevelopment property in the heart of Gainesville! This 0.27-acre lot is zoned R-II, allowing for single-family homes, duplexes, townhomes 3 units, condos, or apartments. Currently improved with a 2-bedroom, 1-bath home built in 1953, the structure is not suitable for occupancy and is being sold as-is for redevelopment purposes. Property Highlights R-II Zoning – Multifamily, townhomes, condos, or redevelopment permitted 0.27-acre lot | Sewer connection verified by the City of Gainesville Seller to provide a new survey Two new townhomes under construction next door Assemblage potential – Combine with 1112 Alpine St NE (also for sale) to expand development Location Advantages Just minutes from Downtown Gainesville, Northeast Georgia Medical Center, Brenau University, schools, shopping, and Lake Lanier – all major drivers of housing demand. This property offers an exceptional opportunity for investors, builders, and developers seeking infill projects and growth potential in one of Gainesville’s most active redevelopment corridors. Please note: The conceptual plan applies to 1113 Riverside Ter and 1112 Alpine St. Only three townhomes may be built on 1113 Riverside Ter.
Additional Information
- Style
- Ranch
- Stories
- One
- Construction
- Other
- Year Built
- 1950
- Neighborhood Amenities
- None
- Kitchen Features
- Other
- Interior
- Other
- Exterior
- None
- Roof
- Metal
- Parking
- None
- Lot Desc
- Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Enota Multiple Intelligences Academy
- Middle School
- Gainesville East
- High School
- Gainesville
- Acres
- 0.27
- Dock
- None
- Levels
- One
- Taxes
- $1,039
Listing courtesy of Progressive Realty, LLC.. Selling Office: The Norton Agency.
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