1514 East Lake Road – Residential Land

Overview

East Lake Rd is an opportunity to build a premium community to meet the immediate and growing housing needs for this market

• Located in Henry County, the 4th best-selling county in Metro Atlanta for new SFD house sales. Henry County is the best-selling county South of the I-20 Market.
• There is currently a 17.2 months supply of vacant developed lots (“VDLs”) in Henry County.
• Located in the Union Grove High District that had an average new home sales price of $371,000 in 2021.
• Union Grove High only has a 8.9 months supply of VDLs.
• Just over 4 miles from historic downtown McDonough which offers shopping opportunities and several restaurants.
• South Point Shopping Center is located about 7.5 miles from the property and has many shops, restaurants and department stores.
• Small 3/4 acre pond located at the rear of the property.
• The property has about 60’ of frontage on East Lake Road. Additional frontage may be purchased from the parcel to the east. A family member owns this parcel and has some land included in the overall purchase already.
• Great for a builder to establish a presence in this rapidly growing market.
• Opportunity to build on larger septic lots in a beautiful area.