Bought with Stephen Lovett • Norton Commercial Acreage Grp
$1,140,000
$1,199,500
5.0%For more information regarding the value of a property, please contact us for a free consultation.
7.6 Acres Lot
SOLD DATE : 09/25/2024
Key Details
Sold Price $1,140,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Sterling On The Lake
MLS Listing ID 20176871
Sold Date 09/25/24
Construction Status New Construction
Annual Tax Amount $8,357
Tax Year 2023
Lot Size 7.600 Acres
Property Description
PROPERTY OVERVIEW Norton Commercial Group is proud to offer this premier retail and commercial opportunity at the entrance of Flowery Branch's award-winning master-planned community, Sterling on the Lake. Site of 7.6 Acres is cleared and graded. With Sterling on the Lake nearing completion, this site has unlimited potential to fill commercial needs of this affluent community. Potential uses include: Climate Controlled Storage, Professional Office, Medical Office, Retail Strip Center, Financial Institution, Gas Plaza, Church Facility and many other small retail/commercial options. Traffic counts of 13,400 VPD (GDOT site 03/20/2024). Zoned PUD. Site offers excellent visibility with 700 feet of road frontage on Spout Springs Road, and 680 feet on Capitola Farm Road. LOCATION OVERVIEW Located in the hottest market in Hall County, this commercial outparcel is perfectly positioned to serve the residential growth along Spout Springs Road. Specifically, the adjacent Sterling on the Lake has 1871 occupied homes with a total of 2,003 units planned. In the last 12 months, Sterling on the Lake has seen an average home sale price of $521,836 (FMLS). The Spout Springs Branch of the Hall County Library Systems is also located at the entrance of Sterling on the Lake. The medical industry is expanding quickly with Northeast Georgia Medical Center less than 5 miles from the site and three developments with over 100,000 SF of fully leased medical office space. Explosive population growth along Spout Springs Road requiring a recently completed road widening project to prepare for additional growth!
Location
State GA
County Hall
Zoning PUD
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Phone Available, Underground Utilities, Water Available
Building
Sewer Public Sewer
Construction Status New Construction
Others
Financing Cash
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