Stanley K Tanger Blvd Locust Grove, GA 30248
- Land
- 14.87 lot acres
Current Use by Public Records
- Land
Property Details for 0 Stanley K Tanger Blvd
- Lot size
- 14.87 lot acres
- Property type
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Locust Grove
- County
- Henry
- State
- Georgia
- Longitude
- -84.1214
- Latitude
- 33.3482
