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255 Jonesboro Rd
McDonough, GA 30253
Jonesboro Road Near McDonough Parkway · Land For Sale
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8.93 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 8.93 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | RM-75 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 8.93 AC |
| No. Stories | 1 |
| Zoning | RM-75 |
DESCRIPTION
The City of McDonough is centrally located in the heart of Henry County, 25 miles south of Atlanta and only 20 minutes from Hartsfield-Jackson International Airport. This 8.9 Acres lies just east of the Lighted Intersection of Jonesboro Road & McDonough Park. There is a Kroger shopping Center with your basic other Retail opportunities: Walgreens, McDonald's, Chase Bank, etc. within walking distance from this site. This property sits in the growth corridor of Jonesboro Road between I-75 & downtown McDonough. The 2018 Total Population within 1 Mile of this site is 8,444, 3 Miles is 42,439, & 5 Miles is 79,283. The Median Household Income is $53,000 within 1 Mile, $56,000 within 3 miles, & 66,500 within 5 Miles of our site. The Median Home Value in the City of McDonough is $132,300. Where 54% of population prefer to Rent in McDonough the Median Rent is $1,021. The City ranks #41 out of 110 for Best Suburbs to live in for Millennials, #52 out of 110 for Most Diverse Suburbs in Georgia, and #70 out of 110 for Best Suburbs to live in Georgia. There is the opportunity to Purchase an additional 1.46 Acres contiguous to this site which would add an additional 174 Linear Feet of Frontage on Jonesboro Road. Our 8.9 Acre site already has approximately 270 Linear Feet of Frontage on Jonesboro Road. This additional 1.46 acres is listed with an another Broker for $205,000. With a Zoning allowing for 9 units/acre a developer could conceivably add approximately 13-14 units to an Apartment Development on top of the 86 units allowed in the current Zoning Ordinance taking the total number of units to around 100. We can help coordinate the purchase of this additional 1.46 acres if you so desire. A Buyer has the opportunity to take advantage of a property already Zoned for an Apartment Development in a Growth Minded City of McDonough with this site. Therefore, this will allow your Due Diligence Period to be swift and you will conceivably be going vertical before the end of 2018.
PROPERTY TAXES
| Parcel Number | 091G-01-001-005 | Improvements Assessment | $984,880 |
| Land Assessment | $139,600 | Total Assessment | $1,124,480 |
PROPERTY TAXES
