Dacula High Residential Development Opportunity – ±33.7 Acres

avalon  /   December 18, 2020

Approximately ±33.67 acres in Gwinnett County, just east of downtown Lawrenceville. Located on Cedars Road, this property is less than a mile from SR 316. Homeowners attend Dacula High School, a submarket with over 300 new construction closings last year.

Currently zoned R-100, the seller will give a buyer time to take the property through a rezoning. The site’s topography lends itself to OSC zoning, which under Gwinnett’s Unified Development Ordinance allows 60′ minimum lots at 2.5 units/acre density. New construction homes on similar sized lots sold for an ASP of $322,000 last year. There is an opportunity to assemble two additional parcels, as illustrated in the packet, to add approximately 7.14 acres to the site.

• Current Zoning: R-100
• Utilities: All are available to the site. *subject to independent verification
• Market:
  $297,000 ASP – Dacula High School (HS)
  $322,000 ASP – Dacula HS, 55′-70′ lots
  $316,000 – nearby Jacobs Farm, 60′ Lots
• Schools: Alcova Elementary, Dacula Middle, Dacula High
• Price: $75,000.00 per acre

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