This exceptional 48.5-acre parcel, located on Highway 18 East in Gray, Georgia (zip code 31032), presents a remarkable investment opportunity. Zoned PUD (Planned Unit Development), this level lot boasts approximately 1,287 feet of frontage on Highway 18 East, providing excellent visibility and accessibility. The property is ideally suited for residential development, with approved lot sizes starting at 0.25 acres, catering to a high-density area. However, the PUD zoning also allows for potential commercial development with the necessary Planning and Zoning approvals. Conceptual commercial uses could include a small strip center or daycare facility along the highway frontage. The property's strategic location offers proximity to established amenities, including the Natures Walk Subdivision, Jones County Recreation Complex, and Jones County High School, Middle, and Elementary schools. All utilities are readily available. Annual property taxes are $2,967.98. The asking price is $388,000, or approximately $8,000 per acre. This presents a unique chance to acquire a substantial tract of land in a thriving area with diverse development possibilities. The property's size, location, and zoning make it an attractive proposition for both residential and commercial ventures.
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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Risks
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