0 New Hope Rd 142.36 Acres of Commercial Land Offered at $1,210,060 in Locust Grove, GA 30248

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PROPERTY FACTS

Price $1,210,060
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Single Family Development
Total Lot Size 142.36 AC
Zoning RA - Agricultural

1 LOT AVAILABLE

Lot

Price $1,210,060
Price Per AC $8,500.00
Lot Size 142.36 AC

DESCRIPTION

-With 142.36 acres, the property allows for a large development offering a prime opportunity to enter into or expand within this market. -About 7 miles from Interstate 75, offering convenient access to the interstate via the Bill Gardner Parkway interchange. -Downtown McDonough is approximately 8 miles away, offering dining, retail and entertainment. -Located in Henry County, the 4th best-selling county in Metro Atlanta for new house sales. The months supply of vacant developed lots (“VDLs”) is currently 17.4. -Henry County currently has new detached houses selling for an average of $305,000. -Located in Locust Grove High School district with only an 14.9 months supply of VDLS, meaning land will need to be developed in order to meet the housing demand. -Located less than 1.5 miles from the 1,466 acre Tussahaw Reservoir, featuring walking trails and lake access.

PROPERTY TAXES

  • Listing ID: 24098116

  • Date on Market: 9/15/2021

  • Last Updated:

  • Address: 0 New Hope Rd, Locust Grove, GA 30248