SOLD – Gravel Springs Road

Overview

Ackerman & Co. and Pioneer Land Group exclusively present Gravel Springs Road, a 57+ acre parcel in Gwinnett County, Georgia suited for townhouse lots as well as commercial potential. Since 2015, Gwinnett County captured more new SFD house sales than any other county in Metro Atlanta.

Gravel Springs Road offers the following attributes:

• Property was rezoned years ago to RTH and C2. The RTH is planned for 140 townhouses.
• Excellent demographics in a 1,3 and 5-mile radius.
• Prime opportunity for a builder to establish a presence in the rapidly growing Gwinnett County market.
• The Interstate 85/Buford Dr. interchange is located approximately 2 miles away, providing convenient access to nearby amenities and the I-85 job market.
• A new interchange is set to be completed in 2020 to allow an exit from I-85 to Gravel Springs Rd approximately 0.6 miles away from the property.
• Property is in a great school system in which the elementary, middle and high school are all rated at least 4 out of 5 stars.
• Mall of Georgia is a super-regional shopping mall which provides over 200 stores and services and is just over 1 mile from the Property.
• Located in the Mountain View High School district where the average price of a newly constructed house that was sold in 2018 was $311,000. There is currently a 12.5 month supply of vacant developed lots (“VDLs”) in this market, and almost 72% of the remaining VDLs are in subdivisions with an active builder.
• There is a very limited supply of VDLs in Gwinnett County and the Mountain View High School market. Accordingly, raw land must be developed into lots to meet the housing demand.