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    Locust Rd Locust Grove, GA 30248

    Sponsored
    For Sale
    $315,000

    16.87 acres, residential & timber potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 16.87-acre property in Henry County, Georgia, presents a unique investment and development opportunity. Located on Locust Rd in Locust Grove (zip code 30248), this picturesque tract boasts gently rolling topography and a 1.5-acre pond, adding to its considerable timber value. The property's zoning is RA, allowing for multiple homesite possibilities. With approximately 600 feet of road frontage on Locust Rd, the land is well-suited for subdivision or individual lot sales. Further investment potential exists through assemblage with adjacent property on Grove Springs Rd, potentially increasing road frontage to 1000 feet. The location offers a peaceful setting, convenient proximity to Locust Grove (3.5 miles) and McDonough (11 miles). The property's natural beauty, including the fully stocked pond, provides a tranquil atmosphere while its strategic location and zoning offer significant development potential. This is an exceptional opportunity for investors and developers seeking a prime piece of land in a desirable Georgia location.

    Property Features for 0 Locust Rd

    General Information

    Property type
    Agricultural land
    Lot Size
    734,857 SF

    HighLights

    • $315,000 asking price.
    • 16.87‑acre land parcel.
    • Residential and timber subtype in RA zoning.
    • Located in Locust Grove, Henry County, Georgia (30248).
    • Features a 1.5‑acre pond and significant timber value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Locust Grove
    County
    Henry
    State
    Georgia
    Longitude
    -84.085715525505
    Latitude
    33.312930633073

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Agricultural land - 16.87 acres, residential & timber potential.
    Where is this agricultural land located?
    The property is located at Locust Rd Locust Grove, GA.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: $315,000 asking price.; 16.87-acre land parcel.; Residential and timber subtype in RA zoning.
    Request Owner's contact information
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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
    Locust Rd Locust Grove, GA 30248
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