Property Description

OFFERING SUMMARY: Price: $7,900,000 Acreage: 155.9 AC ($50,673/AC) Current Zoning: MU-2 - Medium-Density Mixed-Use District Utilities: All utilities available, including sewer Road Frontage: 830' on Red Top Mountain Rd 680' on Lakepoint Pkwy 1,365' on Joe Frank Harris Pkwy School District: Emerson Elementary School Red Top Middle School Woodland High School Traffic Counts: I-75: 98,800 VPD Joe Frank Harris Pkwy: 19,000 VPD Red Top Mountain Rd: 15,800 VPD PROPERTY OVERVIEW: Tenure Land Group is proud to present this rare zoned development opportunity near the wildly popular LakePoint Sports Campus. The subject property is ideally located less than 0.5 miles from exit 283 of I-75 and just thirty miles north of Atlanta. Site boasts excellent visibility from I-75 , Red Top Mountain Rd and Joe Frank Harris Parkway with roughly 133,600 vehicles passing the site every day. Site's main access will be via Joe Frank Harris Parkway and there are conceptual plans to connect through Lakepoint Parkway to the east. Site has access to all utilities including public water and sanitary sewer. Property is mostly wooded with rolling to sloping topography in areas allowing for long range views. Site is being offered as a bulk sale of the entire 155.9 acres. This property is well suited for multiple uses as it is currently zoned MU-2 in Emerson, one of the most flexible zonings we have seen. Zoning allows for multifamily, single family, commercial and more. Seller is open to all proposals and is willing to be creative with deal structure. Adjacent 54.7-acre parcel may be assembled with parent tract for a total of 210.6 Acres to assist with dirt balance and overall site development. LOCATION OVERVIEW: Site is located in the City of Emerson Georgia, just 30 miles northwest of Atlanta along I-75. Access from the property is less than 0.5 miles from both exit 283 and 285 on I-75 making it extremely accessible to the Atlanta Market. Residentially, there is a scarce supply of homes on the market showing a clear demand for residential development. Directly to the south, Cobb County is practically built out making Bartow County prime to continue that growth. We expect that growth to continue north into Emerson. Site is less than 3 miles to the Cobb County line, and the zoning allows for great flexibility on development. Site in the Woodland High School, Red Top Middle School, and Emerson Elementary School Districts.