490 Riverside Pky 12.42 - 37.88 Acre Commercial Land Lots in Austell, GA 30168

Positioned just half a mile from the I-20/Riverside Parkway Exit 46A, this 50.3± acre redevelopment opportunity offers unmatched connectivity and potential in the heart of South Cobb. The site is being offered by the South Cobb Redevelopment Authority (SCRA), a public entity committed to revitalizing the region through transformative development.
The property consists of two assembled parcels: the former Magnolia Crossing apartment site (12.42± acres), which has been fully cleared and grassed with a temporary detention pond in place, and the adjacent 37.88± acre parcel at 7001 Factory Shoals Road, which includes two residential homes and several storage structures. Together, the site is primed for redevelopment with flexible zoning and a wide range of potential uses.
South Cobb is a vibrant and diverse area of Cobb County, offering a strong mix of residential, commercial, industrial, and tourism assets. The site is minutes from Six Flags Over Georgia, a 290-acre theme park and major regional attraction, enhancing the area’s visibility and traffic. Residents benefit from some of the best commute times to Metro Atlanta’s largest employment centers, making this location ideal for mixed-use or community-focused development.
SCRA’s goal is to attract a buyer whose vision aligns with the Authority’s mission to elevate South Cobb through impactful redevelopment. Potential uses include retail, office, medical, senior housing, educational institutions, workforce development, residential, or religious facilities.