DAHLONEGA DEVELOPMENT SITE 179 AUSTIN WAY, DAHLONEGA, GA 30533 Prepared by: TREY BURGESS Principal D. 404.442.2831 M. 404.663.7143 tburgess@lee-associates.com JIM RAMSEUR Executive VP / Principal D. 404.442.2845 M. 404.372.6419 jramseur@lee-associates.com LEE & ASSOCIATES - ATLANTA // 404.442.2810 // 3500 LENOX ROAD, ATLANTA, GA 30326 // WWW.LEE-ASSOCIATES.COM/ATLANTA
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TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 2 LOCATION INFORMATION 3 DEMOGRAPHICS 4 TEAM OVERVIEW
1 EXECUTIVE SUMMARY
EXECUTIVE SUMMARY // OVERVIEW PROPERTY SUMMARY Sale Price: Lot Size: Call for Pricing 12.69 Acres EXECUTIVE SUMMARY This multifamily development site is located northeast of Atlanta in Dahlonega, Georgia. The subject is zoned for R-3 Multi-Family Residential Development to a density of eight (8) units per acre. The subject site is approximately 12.691 acres and is situated along the easterly side of Georgia Highway 60 (aka South Chestatee Street), south of the Central Business District of Dahlonega, and northwest of the intersection of Georgia Highway 400 and Georgia Highway 60, in Lumpkin County, Georgia. Historically, the subject had been a mobile home park for many years. The current owner has removed nearly all the mobile homes in order to market the property for re-development to apartments or a condominium type development. The property has been graded and cleared in several large areas and interior roadways currently exist. PROPERTY HIGHLIGHTS Lot Size: 12.691 Acres Zoning: R3 Multi-Family Residential Development Density: Eight (8) Units per acre Interior Roads and Graded Open Areas Close Proximity to the University of North Georgia & Downtown Dahlonega APN #: 080-021 Zoning: R-3 Submarket: Outside Atlanta Cross Streets: Georgia Highway 60 & Austin Way 5
EXECUTIVE SUMMARY // PROPERTY DESCRIPTION PROPERTY DESCRIPTION This multifamily development site is located northeast of Atlanta in Dahlonega, Georgia. The subject is zoned for R-3 Multi-Family Residential Development to a density of eight (8) units per acre. The subject site is approximately 12.691 acres and is situated along the easterly side of Georgia Highway 60 (aka South Chestatee Street), south of the Central Business District of Dahlonega, and northwest of the intersection of Georgia Highway 400 and Georgia Highway 60, in Lumpkin County, Georgia. Historically, the subject had been a mobile home park for many years. The current owner has removed nearly all the mobile homes in order to market the property for re-development to apartments or a condominium type development. The property has been graded and cleared in several large areas and interior roadways currently exist. LOCATION DESCRIPTION The subject is situated along the easterly side of Georgia Highway 60 (aka South Chestatee Street), south of the Central Business District of Dahlonega, and northwest of the intersection of Georgia Highway 400 and Georgia Highway 60, in Lumpkin County, Georgia. The University of North Georgia is located approximately one mile away to the north and Highway 19/Georgia 400 is just a 6 mile drive to the south. ZONING R-3 Multi-Family Residential Development 6
EXECUTIVE SUMMARY // ADDITIONAL PHOTOS 7
EXECUTIVE SUMMARY // ADDITIONAL PHOTOS 8
2 LOCATION INFORMATION
LOCATION INFORMATION // DAHLONEGA DAHLONEGA OVERVIEW Site of the first major U.S. Gold Rush and the Heart of Georgia Wine Country, Dahlonega offers an authentic, mountain getaway only an hour north of Atlanta. Nestled in the foothills of the Blue Ridge Mountains, Dahlonega offers expansive mountain vistas, roaring waterfalls and bubbling streams, postcard-worthy wineries and an abundance of entertainment.whether your perfect day involves wading knee-deep in the river panning for gold, strolling through art galleries, shopping in one-of-a-kind boutiques, or sipping perfection expressed in Georgia wine, Dahlonega is guaranteed to please.experience historic tours and attractions, stroll our delightful Downtown -- listed on the Historic Register -- adventure through the Chattahoochee National Forest, and enjoy live music, theater and arts entertainment year-round at venues and seasonal festivals. When the sun goes down, rest your head at one of our relaxing lodging accommodations.plan your visit to award-winning Dahlonega today and discover why It s Pure Gold. HISTORIC DOWNTOWN Dahlonega s historic public square is the hub of the county s thriving tourism industry, and residents enjoy the city s charm as much as visitors do. Connected by shaded brick sidewalks, shops, galleries, restaurants, and entertainment spots fill our 19th century buildings. It s not unusual to hear musicians jamming on the square and see artists with their sketch pads whiling away breezy afternoons.enjoy history, charm, fine dining, local wines and unique retail stores in a beautiful and memorable atmosphere. Dahlonega's Downtown District -- listed on the National Register -- features historic streets and public square, walking tours, and green-space parks and is one of the South's most quaint and active town centers. Downtown Dahlonega is an award-winning Main Street City and an exciting place to visit, shop, live, and do business. 10
LOCATION INFORMATION // AERIAL MAP 11
LOCATION INFORMATION // LOCATION MAPS 12
LOCATION INFORMATION // RETAILER MAP 13
LOCATION INFORMATION // REGIONAL MAP 179 Austin Way 14
3 DEMOGRAPHICS
DEMOGRAPHICS // DEMOGRAPHICS REPORT 1 MILE 3 MILES 5 MILES Total households 1,710 14,589 35,513 Total persons per hh 3.3 3.2 3.1 Average hh income $78,641 $75,161 $75,323 Average house value $256,366 $219,056 $226,877 1 MILE 3 MILES 5 MILES Total population 5,680 46,657 111,263 Median age 32.1 32.3 33.2 Median age (male) 30.0 30.7 32.2 Median age (female) 33.1 33.5 34.2 * Demographic data derived from 2010 US Census 16
DEMOGRAPHICS // DEMOGRAPHICS MAP 1 Mile 3 Miles 5 Miles Total Population 5,680 46,657 111,263 Population Density 1,808 1,650 1,417 Median Age 32.1 32.3 33.2 Median Age (Male) 30.0 30.7 32.2 Median Age (Female) 33.1 33.5 34.2 Total Households 1,710 14,589 35,513 # of Persons Per HH 3.3 3.2 3.1 Average HH Income $78,641 $75,161 $75,323 Average House Value $256,366 $219,056 $226,877 * Demographic data derived from 2010 US Census 17
4 TEAM OVERVIEW
TEAM OVERVIEW // ADVISOR BIO TREY BURGESS Principal Profile Trey Burgess began his professional real estate career in 2000 as a residential real property fee appraiser. In 2004, he joined Ocwen Realty Advisors as a Residential Analyst performing national portfolio valuation reviews, prefunding reviews, forensic valuation analysis, and valuation for loan servicing. In 2007, Trey joined Collateral Risk Solutions as a Review Appraiser where the primary focus of his work for the next seven years centered on national retrospective valuation for Fannie Mae and Freddie Mac. Trey maintains a Residential Real Property Appraiser license in the State of Georgia and has also held appraiser licenses in North Carolina and Tennessee. In 2008, Trey became a licensed Real Estate Salesperson in the State of Georgia affiliating with his family s real estate development and holding companies. There he assisted in the acquisition, disposition, planning, and development of existing assets. Trey acquired his Associate Broker license in 2013. Trey joined Marcus & Millichap Real Estate Investment services in 2014 as a multifamily specialist. There he further developed and focused his financial and analytical skills allowing him to build strong advisory relationships with sellers, buyers, and developers of multifamily investment properties in the Atlanta Metro area and throughout the Southeast. 3500 Lenox Road Suite 200 Atlanta, GA 30326 T 404.442.2831 C 404.663.7143 tburgess@lee-associates.com Trey joined Lee & Associates in 2015 where he has continued his work specializing in both multifamily investment sales and multifamily land sales throughout the Southeast. Career History Marcus and Millichap, National Multi-Housing Group Associates - Atlanta Parker Gann & Associates, Associate Broker - Atlanta Collateral Risk Solutions, Senior Review Appraiser - Atlanta/San Diego Ocwen Realty Advisors, Residential Analyst - Atlanta/West Palm Beach Burgess Appraisals, Principal - Atlanta Affiliations Real Estate Associate Broker License - Georgia Residential Real Property Appraiser License - Georgia Atlanta Commercial Board of Realtors Education Auburn University Bachelor of Science in Business Administration - Finance Financial Management Association 19
TEAM OVERVIEW // ADVISOR BIO JIM RAMSEUR Executive VP / Principal Profile James Ramseur s area of expertise is centered on medium to large land acquisitions, income and investment properties for our private and public investors as well as timber companies within Atlanta and the Southeast United States. Mr. Ramseur was named as one of Atlanta s Top Ten Land Brokers in 2006 and 2007 by The Atlanta Commercial Board of Realtors for total volume. Mr. Ramseur is charged with heading up our Land Conservation Program which specializes in mineral properties throughout the Southeast. Mr. Ramseur was named as one of Atlanta s Top Ten Land Brokers in 2006 and 2007 by The Atlanta Commercial Board of Realtors for total volume. Most recently, Mr. Ramseur is charged with heading up our REO Asset Management Program for our banking clients. 3500 Lenox Road Suite 200 Atlanta, GA 30326 T 404.442.2845 C 404.372.6419 jramseur@lee-associates.com Experience Bryant Commercial Real Estate Partners, Partner - Atlanta The William B. Hare Company, Senior Vice President - Atlanta Achievements Board of Trustees, Cumberland Academy Former Chairman of Environmental Affairs, Georgia Industry Association Former Board of Trustees, Sandy Springs Revitalization Inc. (SSRI) Co-Founder, Bridge Music Foundation Education Georgia Southern University, Statesboro, GA Business Administration 20
DAHLONEGA DEVELOPMENT SITE 179 AUSTIN WAY, DAHLONEGA, GA 30533 Contact: TREY BURGESS Principal D. 404.442.2831 M. 404.663.7143 tburgess@lee-associates.com JIM RAMSEUR Executive VP / Principal D. 404.442.2845 M. 404.372.6419 jramseur@lee-associates.com LEE & ASSOCIATES - ATLANTA 404.442.2810 3500 LENOX ROAD, ATLANTA, GA 30326 WWW.LEE-ASSOCIATES.COM/ATLANTA