Highway 9, Alpharetta, GA

Land for Sale - $898,500 - 1.5 acres


Agent Info

Ed Fabbri

Property Info

CIMLS#1035429
Location
  Highway 9
  Alpharetta GA 30004
UpdatedJuly 3rd, 2021
TypeLand
Price$898,500
Land1.5 acres

Contact


Property Description

For more information on property please email Buy1.5acres@yahoo.com

The 1.5 acre site is located in Milton Georgia on the SR 9 highway corridor, also known as Cumming Highway. SR 9 is a major north-south arterial roadway that links the cities of Sandy Springs, Roswell, Alpharetta and Milton in north Fulton County and continues northward into Forsyth County. This area of SR 9 serves freestanding retail and restaurants, shopping centers, schools and large high income residential neighborhoods. A new Pikes Nursery store directly north of our site and is shown under construction on the attached aerial photo.

With the increasing population growth in northern Fulton County and this location especially in the last 10 years, SR 9 has become a major transportation corridor. Based on current growth patterns and projected traffic volumes, this area is expected to continue to experience significant growth. The Georgia Department of Transportation plans in the near future to make improvements to highway SR 9 from Windward Parkway to the Fulton/Forsyth County line. The SR 9 highway upgrade will result in a continuous 4-lane urban highway with pedestrian/bike multi-use paths. Attached is a marked up aerial photo showing Georgia DOT's proposed realignment of the nearby Highway 9/Bethany Bend Road intersection to eliminate the current severe skew. The resulting realignment will shift the existing signalized intersection southward to align directly with the Publix's shopping center drive located about 400 feet from our site.

The Average Annual Daily Traffic (AADT) along SR9 is approximately 25,000 Vehicles Per Day (VPD) between Windward Parkway and Bethany Bend Road and has been steadily increasing. The Georgia Department of Transportation estimates daily traffic volumes are expected to exceed 32,000 VPD by year 2042.

Milton is a very wealthy community that should generate high sales revenue for your franchisee. The average household income in the area is approximately $120,000 and rising. The population within a 5-mile radius is 160,000+ with 19% growth expected in the next 5 years.

The parcel is located in a very flexible T-5 transect zone. Zone T-5 allows restaurants (including drive through), business offices, attorney and medical offices, retail stores, insurance agencies, etc.

Google maps link: https://goo.gl/maps/96a4BbKCCxArCvPi9

or Map coordinates: (34.1156961,-84.2694602)


Financials

Pike Nursery which abuts our property to the north purchased their undeveloped parcel for their new store for $2.2 million in 2017. We feel the value of the property will continue to increase as the area continues to grow. Our asking price is $898,500 and we are open to offers.



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