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Highway 101
Villa Rica, GA 30180
1085 Rockmart Road · Land For Sale · 40.91 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Community Center
  • Hold For Development
  • Hold For Investment
  • Neighborhood Center
  • Strip Center
Total Lot Size 40.91 AC
Cross Streets Highway 61
Zoning GI

DESCRIPTION

Newmark Grubb Knight Frank’s Southeast Investment team in Atlanta, as an exclusive agent, is pleased to exclusively present the opportunity to acquire a 40.26± acre land tract in Villa Rica, Georgia located on the Northwest corner of Highway 101 at the approved North Loop Bypass. This highly visible parcel presents investors with the unique opportunity to own the property for a short time before capitalizing on the construction of the north loop bypass and selling parcels at a significant profit. With approved state funding of $11.2 million, the Georgia Department of Transportation plans to construct a 1.92 mile byway connecting highways 101 and 61, bypassing downtown, with a beginning point at the three-way stop intersection in front of the available tract. Foreshadowing large-scale future retail development, Ingles Markets currently owns a 50+ acre parcel just east of the available tract. Additional plans have also been released indicating further retail and residential development along the proposed North Loop. As the Georgia Department of Transportation is in the stages of acquiring the rights-of- way for construction of the North Loop Bypass, the available tract is set to be exposed to significant traffic counts from, not only the local community, but also, from trucks traveling regionally and nationally – as the trucking industry is said to account for 70% of the City’s tax base.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • V03-0120366
  • V03-0120367
  • V03-0120361
Land Assessment
$1,944,320
Improvements Assessment
$0
Total Assessment
$1,944,320
  • Listing ID: 13553868

  • Date on Market: 8/21/2018

  • Last Updated:

  • Address: Highway 101, Villa Rica, GA 30180

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