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    493 Georgia Hwy Monroe, GA 30656

    For Sale
    $895,000

    10.3 Acres, Hwy 11 Commercial Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 10.3-acre development site presents a unique opportunity for investors and developers in Monroe, Georgia. Strategically located on Georgia Highway 11 in Walton County, this property boasts a prime corner location with high visibility and excellent access. The permitted zoning allows for potential commercial development, making it ideal for a variety of uses. The expansive lot size offers ample space for a large-scale project, such as a supermarket with accompanying outparcels, or a mixed-use development combining commercial and other ventures. The property's address is 493 Georgia Hwy 11, Monroe, GA 30656, with GPS coordinates of 33.7364019 latitude and -83.6999316 longitude. Given its size and location, this tract is well-suited for a project requiring significant land area and convenient highway access. The asking price for this exceptional development opportunity is $895,000. This property offers significant potential for substantial return on investment due to its strategic location and versatile zoning. Serious inquiries are encouraged to explore the possibilities this land presents. The property is zoned for potential commercial use. This is a rare opportunity to acquire a large parcel of land in a rapidly growing area.

    Property Features for 493 Georgia Hwy

    General Information

    Property type
    Land
    Lot Size
    448,668 SF

    HighLights

    • $895,000 asking price.
    • 10.3‑acre development site.
    • Potential commercial zoning.
    • Located at 493 Georgia Hwy 11, Monroe, GA 30656.
    • Suitable for supermarket development with outparcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Walton
    State
    Georgia
    Longitude
    -83.6999316
    Latitude
    33.7364019

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    FAQs

    What type of property is this?
    Land - 10.3 Acres, Hwy 11 Commercial Potential
    Where is this land located?
    The property is located at 493 Georgia Hwy Monroe, GA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: $895,000 asking price.; 10.3-acre development site.; Potential commercial zoning.
    (678) 320-4800
    Request Owner's contact information
    493 Georgia Hwy Monroe, GA 30656
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    Monroe, GA 30656
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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
    493 Georgia Hwy Monroe, GA 30656
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