Engel & Völkers Atlanta

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$ 1,140,000

$ 1,199,500 5.0%

Est. payment -/mo

Sold on 09/25/2024

1 Capitola Farm Road Flowery Branch, GA 30542

Name: Open House - 1PM-3PM
Start: 2025-05-25T13:00:00.000Z
End: 2025-05-25T15:00:00.000Z
Location: 105 Oak Hill CT, Newnan, GA 30265

7.6 Acres Lot

UPDATED:

Key Details

Sold Price $1,140,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 20176871

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

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