Georgia Power is giving the land directly to the Trust for Public Land which will turn it over to the National Park Service. Area brokers tell GlobeSt.com the land is conservatively valued at $450,000 or $26,470 per acre (60 cents per sf). The tract has 1,500 feet of frontage on the western side of the river and is in unincorporated Cobb County, near the Morgan Falls Dam.

The gift is part of a $143 million drive by the Park Service, the Georgia Department of Natural Resources, the Trust for Public Land and several public and private groups.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.