Hwy 42 & Campground Road - 48.41 Acres

Description

Gable Land Co. and Ackerman & Co. are pleased to present for sale 48.41 acres for 168 SFD and Townhome lots with commercial zoned acreage for mixed-use development in Henry County. 

• The Owner's desire is to sell the total 48.41 acres, but will look at offers for the residential acreage and the commercial acreage
• The Residential Acreage is offered at $30,000 per unit or $5,040,000. This price includes the Purchaser grading the commercial acreage
  corner at Hwy 42 and Campground.
• The Commercial Acreage is offered at $300,000 per acre or $3,456,000 based on 11.52 acres of commercial acreage.
• Interstate 75 is just over two miles away and accessible by the new Jodeco Road/Campground Road Extension that opened in late 2019.
• Located in Henry County, the 4th best-selling county in Metro Atlanta for new house sales. The months of supply of vacant developed lots ("VDLs) is currently 15.1.
• Less than 3 miles from Eagles Landing Country Club, the Eagles Landing community has 3,500 homes and average price of the resale homes in 2020 was $488,000. The community is centered around 27 holes of championship golf.
• Daily traffic count is over 26,000.
• Excellent demographics within a 3-mile radius with over 33,000 people with an average household income of $117,000.
• Located at a new four-way traffic signal.
• Almost 1 mile of paved road frontage.
• Annexed and rezoned into the City of Stockbridge for a PUD development.
• Approved for approximately 11 acres of commercial land.
• Approved for 71 SFD lots, 82 townhome lots, and 15 bungalow lots.
• The commercial and residential may be purchased separately. 

Directions:

The Property is located on the corner of Highway 42 and Campground Road in Henry County, GA. The address for the property is 1872 Highway 42 N, McDonough, GA 30253.