120 Acres in Archer HS/Gwinnett Co – Potential to Add + 50 Acres
avalon / June 14, 2022
Avalon Real Estate Partners is pleased to present this opportunity to purchase + 120 acres on Luke Edwards Road, just north of New Hope Road in Gwinnett County, Georgia. Parcels adjacent to the site can potentially be added to bring the total size of the available property to + 170 acres.
The site is located just north of New Hope Road, approximately 4 miles from the intersection of SR-316 & Sugarloaf Parkway and just 1.5 miles from Archer High School.
The subject property is zoned RA200, but there are R-100 zoned sites in the immediate area (including the immediately adjacent ‘Windsor Knoll’ subdivision).
Seller will allow a purchaser time to pursue a rezoning of the property. We believe the appropriate zoning classification would be OSC.
Sewer access is just south, located off the site in New Hope Road right of way.
Growth projections in the immediate area are robust and the current average household income within a two-mile radius is $110,263.00.
The new Rowen project, a 2000+ acre knowledge community which is set to bring $405 billion in GDP annually, is located less than 4 miles from the subject property.
The current year ASP of new homes within a two-mile radius is approximately $395,793.00.
Please call Alex Holt (404-504-8791) or Thornton Mallard (404-504-8772) for more information.
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