1642 Athens Highway, Grayson GA

Land for Sale - $5,300,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #955576
Location1642 Athens Highway
Grayson GA 30017
Last UpdatedNovember 10th, 2017
TypeLand
Price$5,300,000

Contact


Property Description

The National Senior Housing Group at Bull Realty, Inc. is pleased to present an opportunity to acquire a mixed-use development consisting of Parcels 1 and 2 with ± 13.28 acres for independent living, medical office, and retail. Parcel 3 is under contract for 85 age restricted/55+ town homes. Site has a pending permit application for 225 Independent Living units, 55 Assisted Living units, and 24 Memory Care units. In addition, application includes two

9,000 SF medical office buildings, and one 7,000 SF retail building perfect for a pharmacy. Site is located approximately 3 miles from Eastside Medical Center. There are no medical offices within a 1 – 2 mile radius of the site.

The site is in the middle of an affluent community and near the Summit Chase Country Club and located at the corner of Athens Way and South Crestview Drive. Grayson is located in Gwinnett County, one of the fastest growing counties in the U.S.

Location Description:

Located on Athens Highway in Grayson, GA.

Highlights:

>> Senior Housing Demand 1,009

>> No existing Independent Living Units

>> Retail Gap is $252,760,347

>> Average Household Income 55+ (5-mile radius): $91,561

>> Traffic Count: 38,255 VPD

>> Parcels to be delivered rough graded

>> All utilities available


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