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    Shoal Creek Rd Locust Grove, GA 30248

    For Sale
    $2,000,000

    Prime Residential Land, 50 Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 37.294-acre parcel presents a remarkable opportunity for residential development in Locust Grove, Georgia. Located at 0 Shoal Creek, zip code 30248, this property boasts a highly desirable R-2 Conservation zoning designation, allowing for the construction of up to 50 residential units. The asking price is $2,000,000. Situated in Henry County, Georgia, the land offers a strategic location with excellent access to local amenities and transportation networks. The property's expansive acreage provides ample space for a variety of residential development projects, from single-family homes to multi-family dwellings. Given its zoning and size, this land is ideally suited for developers seeking a prime location to build a substantial residential community. The latitude and longitude coordinates are 33.3393477 and -84.1109758 respectively. This is a rare opportunity to acquire a significant tract of land in a rapidly growing area, poised for substantial future appreciation. Serious inquiries are encouraged. The property is classified as residential land.

    Property Features for 0 Shoal Creek Rd

    General Information

    Property type
    Land

    HighLights

    • 37.294‑acre residential development parcel in Locust Grove, GA.
    • R‑2 Conservation zoning allows up to 50 residential units.
    • $2,000,000 asking price.
    • Located at 0 Shoal Creek, 30248, Henry County, GA.
    • Excellent access to amenities and transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Locust Grove
    County
    Henry
    State
    Georgia
    Longitude
    -84.1109758
    Latitude
    33.3393477

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    FAQs

    What type of property is this?
    Land - Prime Residential Land, 50 Unit Potential
    Where is this land located?
    The property is located at Shoal Creek Rd Locust Grove, GA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 37.294-acre residential development parcel in Locust Grove, GA.; R-2 Conservation zoning allows up to 50 residential units.; $2,000,000 asking price.
    (770) 447-5959
    Request Owner's contact information
    Shoal Creek Rd Locust Grove, GA 30248
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    Locust Grove, GA 30248
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Shoal Creek Rd Locust Grove, GA 30248
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