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    L G Griffin Rd Locust Grove, GA 30248

    For Sale
    $3,622,500

    17 Acres, Multifamily Zoning, 207 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 17.03-acre land parcel in Locust Grove, Georgia, presents a remarkable development opportunity. Ideally situated on L G Griffin Rd, with a 30248 zip code, this property boasts significant commercial frontage and is zoned for multifamily use, allowing for the construction of up to 207 residential units. The site comprises three contiguous parcels (Parcel IDs: 130-01002008, 130-01002005, & 129-01096000), offering developers a cohesive and expansive canvas for a large-scale project. The asking price for this prime development land is $3,622,500. Detailed plans and specifications are available upon request. This is a rare chance to acquire a substantial tract of land in a rapidly growing area, perfectly positioned to capitalize on the high demand for residential housing. The property's location in Henry County, Georgia, offers easy access to major transportation routes and amenities, making it an attractive location for future residents. Don't miss this chance to secure a significant investment in a thriving market. Contact us today to learn more about this exciting opportunity.

    Property Features for 0 L G Griffin Rd

    General Information

    Property type
    Land
    Lot Size
    741,827 SF

    HighLights

    • $3,622,500 asking price.
    • 17.03‑acre land parcel.
    • Residential land zoned for 207 multi‑family units.
    • Located in Locust Grove, GA, Henry County, zip code 30248.
    • Three parcels included in sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Locust Grove
    County
    Henry
    State
    Georgia
    Longitude
    -84.104622
    Latitude
    33.337312

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    FAQs

    What type of property is this?
    Land - 17 Acres, Multifamily Zoning, 207 Units
    Where is this land located?
    The property is located at L G Griffin Rd Locust Grove, GA.
    What is the asking price?
    The asking price for this property is $3,622,500.
    What are key features of this property?
    This property features: $3,622,500 asking price.; 17.03-acre land parcel.; Residential land zoned for 207 multi-family units.
    (770) 447-5959
    Request Owner's contact information
    L G Griffin Rd 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
    L G Griffin Rd Locust Grove, GA 30248
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