Share This Listing

Message

918 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

167 E Lake Rd - Commercial/Residential Dev Opp - 22.77 acres 22.77 Acres of Residential Land Offered at $2,950,000 in McDonough, GA 30252

Save this listing!

Favorite this listing to get notified of price updates, new media and more

EXECUTIVE SUMMARY

OFFERING SUMMARY
Sale Price: $2,950,000
Price/Acre: $129,556
Lot Size: 22.77 Acres
Utilities: All Available
Current Zoning: RA
Road Frontage: +/- 1500' on East Lake Road
School District:
* East Lake ES
* Union Grove MS
* Union Grove HS
Traffic Counts:
* East Lake Road: 12,000 VPD
* Highway 155: 13,500 VPD

PROPERTY FACTS

Price $2,950,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
  • Single Family Development
  • Single Family Residence
Total Lot Size 22.77 AC
Zoning RA - Residential Agriculture

1 LOT AVAILABLE

Lot

Price $2,950,000
Price Per AC $129,556.43
Lot Size 22.77 AC

This is a prime opportunity for developers and investors looking to capitalize on the rapid growth in Henry County’s commercial sector.

DESCRIPTION

PROPERTY OVERVIEW The Norton Commercial Acreage Group is pleased to present this prime 22.77-acre commercial development opportunity in a rapidly growing commercial corridor of Henry County. Strategically located at a high-traffic intersection, just one mile east of Stockbridge city limits and under two miles north of McDonough city limits, this site offers exceptional visibility and accessibility. Currently zoned RA (Residential Agricultural), the property is surrounded by thriving commercial and public/institutional developments, making it an excellent candidate for rezoning to accommodate retail, office, or mixed-use commercial projects. With all utilities available, including public water and sewer, and mostly level topography, this site is well-positioned for immediate development. A scenic +/- 2.5-acre pond on the southwestern corner adds a unique aesthetic feature, ideal for an enhanced commercial or mixed-use development. This is a prime opportunity for developers and investors looking to capitalize on the rapid growth in Henry County’s commercial sector. LOCATION OVERVIEW Just 15 miles southeast from the 285 Atlanta Perimeter and about 22 miles from Downtown Atlanta, this commercial intersection between Hwy 155 and East Lake Road is mostly built out with the subject property being located on the last remaining undeveloped quadrant. The property is walkable to the new Kroger, Chick-l-A and other new retail and dining options. Located within the East Lake ES, Union Grove MS and Union Grove HS school districts.

  • Listing ID: 29878109

  • Date on Market: 10/25/2023

  • Last Updated:

  • Address: 167 E Lake Rd, McDonough, GA 30252

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}