SOLD – S Ola Road

Overview

Ackerman & Co. and Pioneer Land Group exclusively present S Ola Road, a 215-acre parcel of land in Henry County, Georgia for residential development. Since 2012, both Henry County and the Locust Grove High School district have seen a steady increase in the average sale price of new single-family detached (“SFD”) houses.

S Ola Road offers the following attributes:

• Excellent location situated approximately 4 miles east of Interstate 75 at the Bill Gardner Parkway interchange.
• Tanger Outlets are located at the same interchange. The outlet mall consists of over 700,000 square feet of retail for shopping.
• Henry County is the fourth best-selling county for new detached housing in Metro Atlanta. In 2018, there were 1,486 new detached closings, which is a 17% increase from 2017.
• Located in the Henry County Market, which 66% of all vacant developed lots (“VDLs”) are located in subdivisions with an active builder.
• Located in the Locust Grove High School market which has only a 22.2 month supply of VDLs, a 66% decrease in months of supply of VDLs in the last year.
• The supply of VDLs continues to decrease quarter after quarter in Henry County and the Locust Grove High School market. Accordingly, raw land must be developed into lots to meet the housing demand.