FOR SALE. 562 North Highway

Transcription

1 FOR SALE 562 North Highway 42 BANK OWNED Commercial Group 434 Green Street Gainesville, GA /- Acres Zoned C /- Acres Zoned C-2 Yellow line represents very approximate property boundaries. THE NORTON AGENCY NortonCommercial.com INSURANCE REAL ESTATE MANAGEMENT COMMERCIAL RELOCATION ACREAGE DEVELOPMENT MORTGAGE INVESTMENTS TITLE HOME SERVICES REO RESEARCH CONSULTATION Stephen Lovett Michael Young N Hwy 42 McDonough, Henry County, Bank Owned: acres with great access Highway access from Highway /- acres of property rough graded Triple road frontage totaling approximately 1,330 ft. total frontage Only 1.5 miles from downtown McDonough in growing Commercial corridor Traffic count of 10,530 per day in 2012 Asking Price: $475,000 ($42,222 per acre) Call for more details! The information contained herein is from other sources believed to be reliable. No independent investigation of the property or the information contained herein has been made, and no representation is made as to the accuracy or completeness thereof. Properties are subject to sale, withdrawal and other sales or rental condition. Terms are subject to errors, and change without notice.

2 562 North Highway 42 McDonough Commercial Group 434 Green Street Gainesville, GA INSURANCE REAL ESTATE MANAGEMENT COMMERCIAL RELOCATION ACREAGE DEVELOPMENT MORTGAGE INVESTMENTS TITLE HOME SERVICES REO RESEARCH CONSULTATION THE NORTON AGENCY NortonCommercial.com Stephen Lovett Michael Young The information contained herein is from other sources believed to be reliable. No independent investigation of the property or the information contained herein has been made, and no representation is made as to the accuracy or completeness thereof. Properties are subject to sale, withdrawal and other sales or rental condition. Terms are subject to errors, and change without notice.

3 562 North Highway 42 McDonough Henry County, GA Commercial Group 434 Green Street Gainesville, GA Property Profile Acreage: /- BANK OWNED Parcel Number: INSURANCE REAL ESTATE MANAGEMENT COMMERCIAL RELOCATION ACREAGE DEVELOPMENT MORTGAGE INVESTMENTS TITLE HOME SERVICES REO RESEARCH CONSULTATION Zoning: C-1 and C-2 Located in City of McDonough Located in Henry County High School district THE NORTON AGENCY NortonCommercial.com Stephen Lovett Michael Young The information contained herein is from other sources believed to be reliable. No independent investigation of the property or the information contained herein has been made, and no representation is made as to the accuracy or completeness thereof. Properties are subject to sale, withdrawal and other sales or rental condition. Terms are subject to errors, and change without notice.

4 562 North Highway 42 McDonough Henry County, GA Commercial Group 434 Green Street Gainesville, GA INSURANCE REAL ESTATE MANAGEMENT COMMERCIAL RELOCATION ACREAGE DEVELOPMENT MORTGAGE INVESTMENTS TITLE HOME SERVICES REO RESEARCH CONSULTATION THE NORTON AGENCY NortonCommercial.com Stephen Lovett Michael Young The information contained herein is from other sources believed to be reliable. No independent investigation of the property or the information contained herein has been made, and no representation is made as to the accuracy or completeness thereof. Properties are subject to sale, withdrawal and other sales or rental condition. Terms are subject to errors, and change without notice.

5 562 North Highway 42 McDonough Henry County, GA Commercial Group 434 Green Street Gainesville, GA INSURANCE REAL ESTATE MANAGEMENT COMMERCIAL RELOCATION ACREAGE DEVELOPMENT MORTGAGE INVESTMENTS TITLE HOME SERVICES REO RESEARCH CONSULTATION THE NORTON AGENCY NortonCommercial.com Stephen Lovett Michael Young The information contained herein is from other sources believed to be reliable. No independent investigation of the property or the information contained herein has been made, and no representation is made as to the accuracy or completeness thereof. Properties are subject to sale, withdrawal and other sales or rental condition. Terms are subject to errors, and change without notice.

6 562 North Highway 42 McDonough Henry County, GA Commercial Group 434 Green Street Gainesville, GA INSURANCE REAL ESTATE MANAGEMENT COMMERCIAL RELOCATION ACREAGE DEVELOPMENT MORTGAGE INVESTMENTS TITLE HOME SERVICES REO RESEARCH CONSULTATION THE NORTON AGENCY NortonCommercial.com Stephen Lovett Michael Young The information contained herein is from other sources believed to be reliable. No independent investigation of the property or the information contained herein has been made, and no representation is made as to the accuracy or completeness thereof. Properties are subject to sale, withdrawal and other sales or rental condition. Terms are subject to errors, and change without notice.

7 562 North Highway 42 McDonough Henry County, GA Commercial Group 434 Green Street Gainesville, GA Zoned Commercial General INSURANCE REAL ESTATE MANAGEMENT COMMERCIAL RELOCATION ACREAGE DEVELOPMENT MORTGAGE INVESTMENTS TITLE HOME SERVICES REO RESEARCH CONSULTATION THE NORTON AGENCY NortonCommercial.com Stephen Lovett Michael Young The information contained herein is from other sources believed to be reliable. No independent investigation of the property or the information contained herein has been made, and no representation is made as to the accuracy or completeness thereof. Properties are subject to sale, withdrawal and other sales or rental condition. Terms are subject to errors, and change without notice.

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9 McDonough, Georgia, Code of Ordinances >> - City of McDonough Residential Subdivision Ordinance >> TITLE 17 - ZONING >> CHAPTER C-2 CENTRAL COMMERCIAL DISTRICT >> CHAPTER C-2 CENTRAL COMMERCIAL DISTRICT Sections: Purpose and permitted uses Special Uses. Sections: Purpose and permitted uses. A. B. The C-2 Central Commercial District is intended to protect and promote suitable areas for business and commercial uses which benefit from proximity to each other, to encourage the eventual elimination of uses inappropriate to a central business area, and to encourage the intensive development of a central business center for the City. Within any C-2 Central Commercial District, the following uses shall be permitted unless one or more of these uses are otherwise prohibited, not authorized, limited, or restricted by the City Council when acting upon a zoning application and/or rezoning of a parcel(s) of property: 1. Bakeries, where the products are sold exclusively at retail on the premises. 2. Banks and other financial institutions. 3. Billiard or pool halls. 4. Bus terminals and taxicab stands Dry cleaning, pressing and laundry pick-up stations and dry cleaning plants, excluding drive-through window services, having not more than two thousand (2,000) square feet of floor space and no emission of steam. Newspaper offices and printing plants incidental to such offices. Off street parking lots and parking garages provided that a landscape strip of at least five (5) feet is provided along all property lines in addition to any other buffers required by this Title. Pawn shops. Personal service establishments such as barber and beauty shops, shoe repair shops, and laundromats. Public works and public utility facilities such as distribution lines, transformer stations, transmission lines and towers, water tanks and towers, pumping stations, telephone exchanges, but not service or storage yards. Radio and TV stations, studios and offices, excluding transmission towers. Restaurants, grills, delicatessens, and similar eating establishments, excluding drive-ins. Retail stores or shops, including the making of products sold at retail on the premises, provided that such manufacturing is incidental to the retail business or service, occupies less than thirty (30) percent of the total floor area, and employs not more than five (5) operators. Specifically excluded are automobile, boat and farm implement sales and

10 A. B. C. D. E. food stores involving the dressing and killing of animals or fowl. Fuel station (pumps only) with convenience store or specialty retail, provided that: a. all pumps and canopies shall be located at least twenty (20) feet from any public right-of-way; b. all buildings and appurtenances shall be located at least one hundred (100) feet from any residential district line with a landscaped buffer of twenty-five (25) feet included therein; and c. all fuel is stored underground outside any public right-of-way. Stamp redemption stores. Tailor, dressmaking, and millinery shops. Telephone and telegraph offices. Theaters, indoor. Florist shop. Sign companies, with no outside construction or heavy manufacturing. Automobile repair garages limited to minor routine maintenance with no overnight storage of any vehicles. Business and professional offices; including medical, [dental], legal, financial, architectural, engineering, real estate, insurance and manufacturing representatives, provided no goods are offered for sale at retail. Pharmacies. Fitness centers. (Zoning Ord. 830, 1979; Ord. No B, XXVIII, ; Ord. No (D), 5, ; Ord. No (C), XXXII, ) Special Uses. Within any C-2 Central Commercial District, the following uses may be allowed upon obtaining a Special Use Permit from the City Council: Churches. Schools. Public buildings. Ambulance service, provided there is no outside storage of vehicles, supplies, or equipment. Day care center when property abuts an established or emerging Village Activity Center Node. (Ord. No B, XXIX, ; Ord. No (C), XXXIII, )

11 McDonough, Georgia, Code of Ordinances >> - City of McDonough Residential Subdivision Ordinance >> TITLE 17 - ZONING >> CHAPTER C-1 NEIGHBORHOOD COMMERCIAL DISTRICT >> CHAPTER C-1 NEIGHBORHOOD COMMERCIAL DISTRICT Sections: Purpose and permitted uses. Sections: Purpose and permitted uses. A. B. The C-1 Neighborhood Commercial District is intended to provide suitable areas for the retailing of goods and services to surrounding residential neighborhoods. The regulations of the district are designed to reduce traffic and parking congestion to a minimum in order to protect surrounding residential areas. Within any C-1 Neighborhood Commercial District, the following uses shall be permitted unless one or more of these uses are otherwise prohibited, not authorized, limited, or restricted by the City Council when acting upon a zoning application and/or rezoning of a parcel(s) of property: 1. Banks and related financial excluding drive-through service windows. 2. Business and profession offices; including medical, dental, legal, financial, architectural, engineering, real estate, insurance and manufacturing representatives, provided no goods are offered for sale at retail Day care center when property abuts an established or emerging Village Activity Center Node. Dry cleaning and pressing facilities operated in conjunction with a retail service counter, provided that not more than two thousand (2,000) square feet are devoted to these processes. Off-street automobile parking lot provided that a landscape strip of at least five (5) feet is provided along all property lines in addition to any other buffers required by this Title. Personal service establishments such as barber and beauty shops, shoe repair shops, and Laundromats. Public works and public utility facilities such as distribution lines, transformer stations, transmission lines and towers, water tanks and towers, pumping stations, telephone exchanges, but not service or storage yards. Restaurant, cafe, and delicatessen excluding drive-through service. Retail businesses selling convenience goods and services to the traveling public and residents of adjacent neighborhoods, provided that the size of any retail establishment shall be limited to five thousand (5,000) square feet of total floor area and fifteen (15) employees. Florist shop. Business and profession offices; including medical, dental, legal, financial, architectural, engineering, real estate, insurance and manufacturing representatives, provided no goods are offered for sale at retail.

12 Pharmacies. Fitness centers. (Zoning Ord. 825, 1979; Ord. No B, XXVII, ; Ord. No (D), 4, ; Ord. No (C), XXXI, )

13 Population Executive Summary 570 Highway 42 N, McDonough, Georgia, Drive Times: 5, 10, 15 minute radii Latitude: Longitude: minute 10 minute 15 minute 2000 Population 6,144 35,377 77, Population 7,882 60, , Population 8,116 62, , Population 8,554 65, , Annual Rate 2.52% 5.49% 5.32% Annual Rate 0.69% 0.77% 0.81% Annual Rate 1.06% 0.92% 0.99% 2014 Male Population 47.4% 47.3% 47.8% 2014 Female Population 52.6% 52.7% 52.2% 2014 Median Age In the identified area, the current year population is 135,545. In 2010, the Census count in the area was 130,953. The rate of change since 2010 was 0.81% annually. The five-year projection for the population in the area is 142,393 representing a change of 0.99% annually from 2014 to Currently, the population is 47.8% male and 52.2% female. Median Age The median age in this area is 37.3, compared to U.S. median age of Race and Ethnicity 2014 White Alone 51.7% 47.7% 52.3% 2014 Black Alone 39.8% 42.7% 38.0% 2014 American Indian/Alaska Native Alone 0.3% 0.3% 0.3% 2014 Asian Alone 3.1% 3.6% 3.7% 2014 Pacific Islander Alone 0.1% 0.1% 0.1% 2014 Other Race 2.4% 2.9% 3.0% 2014 Two or More Races 2.7% 2.7% 2.7% 2014 Hispanic Origin (Any Race) 6.1% 7.2% 7.7% Persons of Hispanic origin represent 7.7% of the population in the identified area compared to 17.5% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 64.1 in the identified area, compared to 62.6 for the U.S. as a whole. Households 2000 Households 2,217 12,452 27, Households 2,899 21,283 46, Total Households 2,988 21,986 47, Total Households 3,144 23,006 50, Annual Rate 2.72% 5.51% 5.33% Annual Rate 0.71% 0.77% 0.80% Annual Rate 1.02% 0.91% 0.98% 2014 Average Household Size The household count in this area has changed from 46,245 in 2010 to 47,845 in the current year, a change of 0.80% annually. The fiveyear projection of households is 50,225, a change of 0.98% annually from the current year total. Average household size is currently 2.82, compared to 2.81 in the year The number of families in the current year is 36,219 in the specified area. Data Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and Esri converted Census 2000 data into 2010 geography. January 16, Esri Page 1 of 2

14 Median Household Income Executive Summary 570 Highway 42 N, McDonough, Georgia, Drive Times: 5, 10, 15 minute radii Latitude: Longitude: minute 10 minute 15 minute 2014 Median Household Income $62,448 $60,302 $63, Median Household Income $75,046 $70,761 $75, Annual Rate 3.74% 3.25% 3.48% Average Household Income 2014 Average Household Income $78,133 $75,185 $77, Average Household Income $90,366 $84,905 $87, Annual Rate 2.95% 2.46% 2.40% Per Capita Income 2014 Per Capita Income $28,285 $26,467 $27, Per Capita Income $32,621 $29,814 $30, Annual Rate 2.89% 2.41% 2.36% Households by Income Current median household income is $63,222 in the area, compared to $52,076 for all U.S. households. Median household income is projected to be $75,010 in five years, compared to $59,599 for all U.S. households Current average household income is $77,585 in this area, compared to $72,809 for all U.S. households. Average household income is projected to be $87,336 in five years, compared to $83,937 for all U.S. households Current per capita income is $27,178 in the area, compared to the U.S. per capita income of $27,871. The per capita income is projected to be $30,545 in five years, compared to $32,168 for all U.S. households Housing 2000 Total Housing Units 2,315 13,094 28, Owner Occupied Housing Units 1,798 10,052 22, Renter Occupied Housing Units 419 2,400 4, Vacant Housing Units , Total Housing Units 3,213 23,435 50, Owner Occupied Housing Units 2,108 14,663 33, Renter Occupied Housing Units 791 6,620 12, Vacant Housing Units 314 2,152 4, Total Housing Units 3,298 24,195 52, Owner Occupied Housing Units 2,110 14,573 33, Renter Occupied Housing Units 878 7,413 13, Vacant Housing Units 310 2,209 4, Total Housing Units 3,498 25,538 55, Owner Occupied Housing Units 2,212 15,224 35, Renter Occupied Housing Units 933 7,782 14, Vacant Housing Units 354 2,532 5,095 Currently, 64.9% of the 52,197 housing units in the area are owner occupied; 26.8%, renter occupied; and 8.3% are vacant. Currently, in the U.S., 56.0% of the housing units in the area are owner occupied; 32.4% are renter occupied; and 11.6% are vacant. In 2010, there were 50,452 housing units in the area % owner occupied, 24.5% renter occupied, and 8.3% vacant. The annual rate of change in housing units since 2010 is 1.52%. Median home value in the area is $139,473, compared to a median home value of $190,791 for the U.S. In five years, median value is projected to change by 4.52% annually to $173,988. Data Note: Income is expressed in current dollars Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2014 and Esri converted Census 2000 data into 2010 geography. January 16, Esri Page 2 of 2