$6,292,000

Property Description

This 121 +/- acre opportunity has a dual zoning of Highway business and Planned Residential Development but could potentially be rezoned all residential. The first parcel is 25.31 +/- AC zoned HB with 800 feet on Hog Mountain Road and 600 feet on Falcon Parkway. The second parcel is 95.69 +/- AC zoned PRD with 900 feet of frontage on Sasser Road and is already approved for 178 residential units. Sewer is to the site with a forcemain along the Falcon Parkway. With regard to frontage, this piece allows for multiple entrances. This development will have all utilities underground and will be serviced by public water and public sewer. Site is completely wooded with rolling topography. Great potential to assemble with adjacent 153 acres to the southwest!  Located in Southern Hall County the property is convenient to Flowery Branch, Gainesville and I-985. Site is just .5 miles from the newly constructed exit 14 on I-985. Completion of the diamond interchange was delivered in late 2019. The location is ideal for commuters traveling south to employment zones in Gwinnett and Metro Atlanta and North to the growing Gainesville MSA. In a five mile radius, there is only an 18.3 month supply (an undersupply) of vacant developed lots. There have been 957 new home closings and 1,045 new home starts in the last 12 months. There are simply not enough developed lots to keep up with the current demand. Property is in the Flowery Branch High School, C W Davis Middle School and Martin Elementary school districts. The Falcons Training Facility, FBHS, CWDMS, MES and Publix are all within a mile from the site!
Courtesy of Norton Commercial Acreage Group

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Alex Norkus

(904) 280-3000
Keller Williams Jacksonville Realty