0 Stanley K Tanger Blvd Locust Grove, GA 30248
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.