770.913.3900

New Hope Drive

New Hope Drive

New Hope Drive

McDonough, GA 30252

165.99 Acres - Ideal for Large Residential Development

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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

Broker

770.225.0718

kgable@pioneerlandga.com

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.