| The Opportunity: 16 acres
on paved arterial road. Multifamily Medium High Density seems
to be the highest and best usage for this parcel.
Location: Located immediately
south of Interstate 75/ Flippen Road overpass directly across
street from Stockbridge City Limits.
Neighborhood: The surrounding
developed property is either Medium Density (2- 3.6 units per
acre) or Medium High Density (3.6-6 units per acre). Apartments
inside City of Stockbridge and duplexes in Henry County are
located across street.
Size: 16 +/- Acres. "L"
shaped property. Westernmost section appears to be wide enough
for construction of street and dwelling units.
Zoning: The site is zoned RA.
The proposed Henry County Future Land Use Plan is calling for
Low Density Residential (1.0- 2.0 units per acre).
Access & Visibility: Access
to I-75 via new Eagles Landing-Hudson Bridge Road interchange.
Parcel offers long frontage on Flippen Road with lake blocking
bulk of access. The current access is via easement though property
on the Southside.
Utilities: Sewer is currently
run to a new development both east and south of the property.
All other utilities are available.
Possible Variables: The market price range
suggested in this proposal is due to unknown developmental costs
such as subsurface rock, off property costs required to bring
sewer line access to property (if applicable), and governmental
and political development guidelines and restrictions. In addition,
changes in the expected economic characteristics of the area's
population growth and current supply on the market must be considered
as an estimate only.
|
