LaGrange Commons - 16 acres for 250 units

Troup County Georgia
$3,750,000
16± Acres
Kyle Gable

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Property Information

ID: 28041
Status: Under Contract
Price: $3,750,000
Acres: 16±
Price Per Acre: $234,375
City, State: Lagrange, Georgia
County: Troup
ZIP Code: 30241
Presented By: Kyle Gable

Description

Significant demand for multifamily housing based on the number of jobs being created in Troup County. Only 44% of these workers live in Troup County due to lack of all types of housing stock.

Located in the high growth area of north LaGrange on S Davis Rd, a major artery serving as the "By Pass" on the east side of LaGrange.

Excellent access to retail and support amenities including the LaGrange Mall, Publix, Kroger, CVS and other.

Excellent access to Interstate 85.

LaGrange Commons will be zoned in the City of LaGrange to allow for garden-style multifamily development with a density that will allow for a minimum of 250 multifamily units.

LaGrange Commons has been rough graded and all utilities, including sanity sewer, are in the ROW.

There are only two multifamily complexes that are competitive with LaGrange Commons. Both are highly occupied with strong rents.

Kyle Gable

Kyle Gable

Dougalsville, Georgia

(404) 867-3332

Ask Kyle About This Property