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946 & 942 Navaho Trail, Monroe, GA – Residential Development Opportunity Entitled for +/- 50 Lots

$ 1,300,000
Investment, Land in For Sale
946 Navaho Trail ,

PROPERTY OVERVIEW

The Norton Commercial Acreage Group is proud to present this 69.87-Acre site in quaint and family-friendly Walton County, just 5 miles (approximately 10 minutes) from downtown Monroe with its restaurants, shopping, parks, historical sites and much more. This offering includes two parcels totaling 69.87 acres on Navaho Trail, just off Highway 83, with full access in place. Zoned R1 (Suburban/Neighborhood Residential), this site is best suited as a residential development, similar to the developed adjacent neighborhood. All utilities are available, including public water (no sewer). The topography is level and site is completely wooded. There are 2 homes onsite that certainly would have some value as is, but would need significant renovations should a buyer choose to use as a family compound. With an undersupply of new homes in Walton County, this is a great opportunity to forego the zoning process and move straight towards land disturbance permit for 50+ lots – calling all homebuilders and developers!

LOCATION OVERVIEW

Walton County is located roughly 20 miles east of Atlanta and continues to see home values rise due to its proximity to the Gwinnett County, I-85, and I-20 employment hubs. Monroe is most certainly a seller’s market with an undersupply of homes: the average sales price has increased sharply over the last year from November 2021 when the median home sold price was $295,000 as opposed to $380,000 in November 2022 (source: Realtor.com). The beautiful city of Loganville, home to most of the major restaurant and business chains, is just 15 miles to the west and the city of Athens is only 19 miles to the northeast. Nearby is Vines Botanical Garden and Bay Creek Park with a number of great walking trails.

Documents
Address: 946 Navaho Trail
City:
State:
Zip: 30655
Country: United States
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Price: $ 1,300,000
Property Lot Size: 69.87 Acres

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