770.913.3900

New Hope Road – 142 Acres

New Hope Road – 142 Acres

New Hope Road

McDonough, GA 30248

142 Acres For Sale
Residential Development

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Contacts

John Speros

Senior Vice President, Brokerage

770.913.3910

jsperos@ackermanco.net

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Kyle Gable

Broker

770.225.0718

kgable@pioneerlandga.com

Overview

New Hope Road offers the following attributes:

  • With 142.36 acres, the property allows for a large development offering a prime opportunity to enter into or expand within this
    market.
  • About 7 miles from Interstate 75, offering convenient access to the interstate via the Bill Gardner Parkway interchange.
  • Downtown McDonough is approximately 8 miles away, offering dining, retail and entertainment.
  • Located in Henry County, the 4th best-selling county in Metro Atlanta for new house sales. The months supply of vacant developed lots (“VDLs”) is currently 17.4.
  • Henry County currently has new detached houses selling for an average of $305,000.
  • Located in Locust Grove High School district with only an 14.9 months supply of VDLS, meaning land will need to be
    developed in order to meet the housing demand.
  • Located less than 1.5 miles from 1,466 acre Tussahaw Reservoir. This reservoir has walking trails and lake access.
  • Potential for a septic residential community with large lots.