$840,000
28± Acres
New Listing
Henry County Georgia
Kyle Gable

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28 Acres - East Lake Road

ID: 30359
Status: New Listing
Price: $840,000
Acres: 28±
Price Per Acre: $30,000
Type: Undeveloped Land
Address: 1514 East Lake Rd
City, State: Mcdonough, Georgia
County: Henry
ZIP Code: 30252
Presented By: Kyle Gable

Description

East Lake Rd offers the following attributes:

- Located in Henry County, the 4th best-selling county in Metro Atlanta for new SFD house sales. Henry County is the best-selling county South of the I-20 Market.

- There is currently a 17.2 months supply of vacant developed lots ("VDLs") in Henry County.

- Located in the Union Grove High District that had an average new home sales price of $371,000 in 2021.

- Union Grove High only has a 8.9 months supply of VDLs.

- Just over 4 miles from historic downtown McDonough which offers shopping opportunities and several restaurants.

- South Point Shopping Center is located about 7.5 miles from the property and has many shops, restaurants and department stores.

- Small 3/4 acre pond located at the rear of the property.

- The property has about 60' of frontage on East Lake Road. Additional frontage may be purchased from the parcel to the east. A family member owns this parcel and has some land included in the overall purchase already.

- Great for a builder to establish a presence in this rapidly growing market.

- Opportunity to build on larger septic lots in a beautiful area.

East Lake Rd is an opportunity to build a premium community to meet the immediate and growing housing needs for this market.

Kyle Gable

Kyle Gable

Dougalsville, Georgia

(404) 867-3332

Ask Kyle About This Property