770.913.3900

1514 East Lake Road – Residential Land

1514 East Lake Road – Residential Land

1514 East Lake Road

McDonough, GA 30252

28 Acres for Sale
Residential Development Opportunity

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Contacts

John Speros

Senior Vice President, Brokerage

770.913.3910

jsperos@ackermanco.net

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John Thomas Speros

Associate, Brokerage

770.913.3949

jtsperos@ackermanco.net

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Kyle Gable

Vice President

404.867.3332

kgable@pioneerlandga.com

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.