ABODE at Magnolia Bluff

Norton Commercial Acreage Group is proud to present this gently rolling 21.3 +/- acre tract - extremely well-positioned as another residential development in an already thriving residential corridor. The subject property is tucked between two brand new highly prestigious and desirable residential developments where the average home sale price currently starts at $500,000. The property boasts ample road frontage with roughly 450 feet on Spout Springs Road. Site is mostly wooded with some cleared land. Topography is gently sloping down off of Spout Springs Road. There are several small structures on the property. All utilities available including public water, with gravity sewer easement in place. Majority of property is zoned for up to 58 residential units with no rental restrictions. Owners purchased 1 +/- adjacent acres to allow for required deceleration lane installation. Ready for development! Located in the hottest residential growth market in Hall County and a short walk to the #2 selling subdivision in all of Georgia, this tract is perfectly positioned to continue the residential growth along Spout Springs Road. In addition to Sterling on the Lake, which will be built out in less than 18 months, there are 2 large scale residential developments that were recently completed: 1) the 106-acre Lancaster Subdivision, now built out;? and 2) the 53-acre Cambridge Community with only a few lots left to build. Across the street is the 365-lot Clark Farms, currently under construction. Site has tremendous access to the major thoroughfares of I-985 and I-85. The medical industry is expanding quickly with NEGMC Braselton which opened in 2015 less than 5 miles from the site. The area has become home for multiple medical users including three new developments that opened 3Q17 with over 100,000 SF of fully leased medical office space. Annual population growth of 2.84% within 3 miles and average annual incomes of $107,065 within 1 mile. In the Spout Springs Elementary (0.4 mi), Cherokee Bluff Middle (4.6 mi) and Cherokee Bluff High (0.6 mi) School Districts.