4840 Hickory Rd Woodstock, GA 30188
This exceptional 2.69-acre commercial lot is situated at the highly visible corner of E. Cherokee Drive and Hickory Road in Woodstock, Georgia (30188). Zoned GC and MXD-1, this property offers significant development potential, catering to the booming Holly Springs area. The lot is completely site-ready upon closing, featuring underground water retention, all necessary DOT access, sewer, and utilities, allowing for immediate vertical construction. A Land Disturbance Permit (LDP) has already been issued, streamlining the development process. This parcel is part of a larger 23-acre development, which includes plans for 110+ residential units, office space, retail, and self-storage, ensuring a strong surrounding infrastructure and increased demand. The property's prime location provides excellent exposure to high traffic counts: E. Cherokee Drive sees 10,608 vehicles daily, Hickory Road sees 8,283, and nearby Hickory Flat Highway sees 15,000. The area's projected population and household growth of 11.07% and 11.34% respectively (2020-2025 within a 1-mile radius) further underscores the investment opportunity. The entire parcel has been annexed into the City of Holly Springs, a development-friendly municipality. This is a rare opportunity to acquire a fully prepared commercial lot in a rapidly expanding market, poised for immediate development and significant return on investment. The asking price is $2,100,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.