Prime opportunity for a builder to establish a presence in the rapidly growing Gwinnett County market.
Mall of Georgia is a super-regional shopping mall with over 200 stores and services located within it and is around 5 miles from the Property.
Located in the Mill Creek High School district where the average price of a newly constructed house that was sold in 2018 was $396,000, representing a 5.3% increase in average sale price from 2017. There is currently a 21.6 month supply of vacant developed lots (“VDLs”) in this market, and almost 98% of the remaining VDLs are in subdivisions with an active builder.
There is a very limited supply of VDLs in Gwinnett County and the Mill Creek High School market. Accordingly, raw land must be developed into lots to meet the housing demand.
