PROPERTY OVERVIEW
The Norton Commercial Acreage Group is proud to present for sale this rare 6.1-acre lot located in the hottest metro area in the USA (source: Bankrate.com) Gainesville, GA. The Gainesville residential market is seeing great growth due to the expansion of the Highway 365 Corridor and the introduction of the new Inland Port (expected to be operational by 2026). The subject property is currently zoned ARIII (Agricultural/Residential). Site is well suited to be split into 4-8 residential lots all with frontage along Cagle Road, minimizing development costs. Mostly wooded with about 1.2 aces of cleared land, the site has level to rolling topography. Site has a well-maintained trail system with no structures of value. The property elevation is approximately 60 feet above the rail line so there is unlikely to be any direct physical impact from the Inland Port. Power to the site is available; sewer and water are currently unavailable. Driven by the area’s quality of life, employment opportunities and affordability, residential lots and new home construction are in huge demand in Hall County.
LOCATION OVERVIEW
Located just 6 miles from Gainesville Square, 4 miles from New Holland and 5 miles from Downtown Lula, the subject property provides easy access to a wide array of dining, new retail centers, great entertainment and Lake Lanier – as well as easy access to Hwy 365/I-985 and I-85 for commuters. Within the White Sulphur ES, East Hall MS and East Hall HS district.
OFFERING SUMMARY
Sale Price: $299,000
Price / Acre: $49,016
Lot Size: 6.1 Acres
Zoning: ARIII (Ag/Res)
Road Frontage: Cagle Road – 715 feet
Rail Frontage: Norfolk Southern Rail Line – 980 feet
Utilities: Power
School Districts: White Sulpher ES; East Hall MS; East Hall HS