New Hope Drive

Overview

With 165.99 acres, the property allows for a large residential development offering a prime opportunity to enter into or expand within this market.

New Hope Dr offers:

• Location about 7 miles from Interstate 75, offering convenient access to the Interstate via the Bill Gardner Parkway interchange.
• Downtown McDonough is approximately 7 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 of supply of vacant developed lots (“VDLs”) is currently 32.3.
• Henry County currently has new detached houses selling for an average of $275,000.
• Located in Locust Grove and Ola High School districts with only an 18.1 and 29.1 month supply of VDLS, respectively, meaning land will need to be developed in order to meet the housing demand.
• Potential to rezone property to a zoning that will increase the density of the development.