DEVELOPMENT OPPORTUNITY FOR SALE

Transcription

1 DEVELOPMENT OPPORTUNITY FOR SALE 0 Billy Tucker Circle Hogansville, Ga PREPARED FOR: Any Client PREPARED BY: Coldwell Banker Commercial Spinks Brown Durand Realtors James Potts (706) ext 132 office (706) cell jpotts@cbcworldwide.com 1111 Mooty Bridge Rd LaGrange, Ga 30240

2 PROPERTY OVERVIEW THE PROPERTY Development Tract 0 Billy Tucker Circle Hogansville, Ga PRICE Sale Price: $89,000 Price/Acre $19,600 PROPERTY SPECIFICATIONS Property Type: Multi-Family Zoning: C3- Commercial Lot Size: 4.54 Acres Nearby Retail: Fred s Pharmacy, Tucker Boys Hardware Police/ Fire Station Traffic Count: 6,000 VPD Cross Street Fronts Licoln Street, Access & Visibility from Main Street, Interior Access w/ Culdesac Billy Tucker Cir. Location: Troup County Georgia Proximity: 50 mi south of Atlanta, 45 min south Hartsfield Int. Airport, 19 mi south of Newnan, 10 mi north of LaGrange, 2.5 mi from I-85 exit 28

3 PROPERTY OVERVIEW PROPERTY PHOTOS ke Medical Office Bi ll uc yt le irc C r

4 MAPS & AERIALS

5 TAX MAP

6 DEMOGRAPHICS ONE MILE RADIUS

7 DEMOGRAPHICS ONE MILE RADIUS

8 DEMOGRAPHICS TROUP COUNTY

9 REAL ESTATE & DEVELOPMENT FACTS Location Hogansville is located on I-85 South between Newnan and LaGrange. Its 45 minutes from the busiest airport in the world and half way between Georgia s two largest cities, Atlanta and Columbus. We re close to everything, but with small town charm. Shopping Hogansville has a wide verity of specialty shops right on Main Street. We are 20 minutes or less from major shopping in Newnan (that s less travel time than some folks who live in Newnan) and 15 minutes from shopping in LaGrange. Major malls in Atlanta and Columbus are about 45 minutes away. Medical Hogansville is 20 minutes away from the new Piedmont Hospital in Newnan and 30 to 40 minutes, depending on traffic, from the LaGrange Hospital. West Georgia Physicians has a very active office in Hogansville. Amenities Hogansville will complete its third stage Streetscape project on our quaint Main Street and the second of 3 stages of our Tower Walking Trail development this year. About 30 out of 34 buildings on our historic Main Street are occupied, giving us the highest fill ratio in the region. We have new parking lots and are will finish repaving all of Hogansville s streets this year. A new USDA 50K beautification grant has been complete. The newly passed 5.9 million dollar SPLOST will provide a new library (with another $6 million coming from the state), move City Hall into the current library (turning the old City Hall historic theater space into a community center), modernize our CCC-built granite amphitheatre, provide a 1.25 million dollar upgrade to our other recreation facilities, turn our reservoir (now Lake Hogansville) near I-85 into a park plus provide 1.8 million dollars for other infrastructure improvements. Jobs Besides the approximately 550 jobs in downtown Hogansville, the Meriwether Industrial Park, bordering on the city, just landed Mando Industries, providing 426 jobs to the approximately 300 that are already at the Park. Forty-four acres of the Mando property falls inside Hogansville and we ve formed a joint development authority to help administrate it. The Park is continuing to add new prospects. Jobs there should soon total about 1,200. Hogansville wholesales gas, water and sewer to the Park.

10 REAL ESTATE & DEVELOPMENT FACTS Schools Troup County schools are among the best in West Georgia, ranking 39th out of 154th statewide. Hogansville is served by Hogansville Elementary, Callaway Middle School and Callaway High. Property Hogansville has a wide verity of zoned land available including industrial, commercial, single family, townhomes and apartments. Additionally, there are over 2500 acres of vacant land around Lake Hogansville and Exit 28 on I-85. City Government Hogansville s city government share a pro-business/growth vision for the community. Long term goals have been set and adhered to. They lowered property taxes 2 mils 9 years ago and have kept them that low ever since. Additionally, Hogansville can now provide Tax Advantage Districts for new development. Upgrades and amenities are funded with a creative mix of grants and fund raisers like the all volunteer Hummingbird Festival which brings over 20 thousand visitors to the city annually. The town has a small but professionally run police force. The crime rate is extremely low. City Utilities Electric Hogansville s electric rate is one of the most competitive in the region. Also, the city has signed an O & M contract with Diverse Power to modernize our electric system. Gas Hogansville recently completed a new all plastic gas line system. There are few leaks. Water Hogansville stopped water treatment about 4 years ago. We found that we could buy water cheaper than processing it with no capital outlay. We have pipelines and contracts for up to 2 million gallons of water a day from Coweta County and the City of LaGrange. We currently use about 400 thousand gallons a day and sell about 100,000 wholesale to Meriwether County and their industrial park located on Hogansville s city line. That leaves us approximately 1.5 MGD for expansion. Sewer The City is now working on a 12 million dollar sewer line and plant upgrade. The upgrade is financed through Georgia Environmental Finance Authority low interest loans (we re one of their few tier one projects), active Community Development Block Grants, new Special Option Local Sales Tax and a USDA 40 year forgivable loan. Additionally, in a joint effort which is one of a kind in Georgia, Meriwether County is purchasing a one sixth interest in the new sewer plant (250,000 gallons of capacity) for 1.6 million dollars. We ll therefore have about.9 MGD for development.

11 CONTACT INFORMATION BACKGROUND James is a devoted Realtor at Coldwell Banker Commercial Spinks Brown Durand Realtors and serves as sales & investment consultant, specializing in general commercial and land. Before joining Coldwell Banker Commercial, he founded Monster Construction Inc.. in 2006, a firm which specialized in light commercial construction focusing on interior build-outs for retail, office and industrial spaces, completing approx. $10 million in contracts. PRIMARY SPECIALTY General Commercial & Land in Sub & Tertiary Markets AWARDS CBC Commercial University, Top of Class, 2016 Profession Achievement Award, 2015 International Diamond Society, 2015 Troup County Board Rookie of the Year, 2013 SIGNIFICANT ASSIGNMENTS Seller Rep/Recent sale Whitesville Plaza Strip Center JAMES POTTS Seller Rep for Wal-mart out parcel Coldwell Banker Commercial Spinks Brown Durand Realtors jpotts@cbcworldwide.com Seller Rep for 110 acre active Horse Farm Seller Rep for 1,560 acre hunting retreat 1111 Mooty Bridge Rd LaGrange, GA Direct Main Fax Cell ext Candidate Member