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    Stanley K Tanger Blvd Locust Grove, GA 30248

    For Sale
    $4,212,500

    Prime Development Site, 30 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial development opportunity encompasses two tracts totaling approximately 30 acres (14.87 ± acres and 15.19 ± acres) of land situated in Locust Grove, Georgia, at the intersection of Stanley K Tanger Boulevard and Bill Gardner Parkway. The property boasts 840 feet of frontage on Tanger Boulevard, a major thoroughfare with an impressive average daily traffic count of 21,430 vehicles. Tract 1, measuring 14.87 ± acres, is divisible and has already seen a portion (2 acres) sold for the development of a new Hampton Inn, demonstrating the site's high desirability. Tract 2, comprising 15.19 ± acres, is also divisible, offering significant flexibility for various development projects. The gently rolling, wooded terrain borders a creek, adding to its natural appeal. The property is zoned C-2, allowing for a wide range of commercial uses. Utilities are readily available, including water and sewer services from the Henry County Water & Sewage Authority, electricity from Georgia Power, gas from Atlanta Gas Light, and telephone service from AT&T. Estimated annual property taxes are $10,000 for Tract 1 and $9,500 for Tract 2. The parcels are identified by APN numbers: Tract 1: 129-01058006 and Tract 2: 129-01058004. This prime location and the proven success of nearby developments make this an unparalleled investment opportunity in a rapidly growing area. The land is priced at $168,500 per acre, with an asking price of $4,212,500 for the entire property.

    Property Features for 0 Stanley K Tanger Blvd

    General Information

    Property type
    Land
    Lot Size
    647,737 SF

    HighLights

    • Two tracts totaling approximately 30 acres in Locust Grove, GA.
    • Tract 1: 14.87± acres, divisible; 2 acres already sold for a Hampton Inn.
    • Tract 2: 15.19± acres, divisible.
    • 840 feet of frontage on Tanger Blvd., with 21,430 AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Locust Grove
    County
    Henry
    State
    Georgia
    Longitude
    -84.1213761
    Latitude
    33.3482483

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    FAQs

    What type of property is this?
    Land - Prime Development Site, 30 Acres
    Where is this land located?
    The property is located at Stanley K Tanger Blvd Locust Grove, GA.
    What is the asking price?
    The asking price for this property is $4,212,500.
    What are key features of this property?
    This property features: Two tracts totaling approximately 30 acres in Locust Grove, GA.; Tract 1: 14.87± acres, divisible; 2 acres already sold for a Hampton Inn.; Tract 2: 15.19± acres, divisible.
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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
    Stanley K Tanger Blvd Locust Grove, GA 30248
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