300 Elm Street
$5,600,000
300 Elm St, Hogansville, GA 30230
15,924 sqft
Building Size
707,330 sqft
Lot Area
Details:
Description:
300 Elm Street Hogansville, GA 30230
228 approved units on ±15.54 acres; 24 units in two completed buildings
Approved site plans and permit-set building drawings for 1BR and 2BR buildings
Mass-graded site with four stormwater ponds in place
City of Hogansville water, sewer and gas; 380 approved parking spaces
300 Elm Street is a partially developed, 228-unit garden-style multifamily site on ±15.54 acres in Hogansville, GA. Two of the nineteen approved three-story buildings (24 units) are vertically complete. The sale includes approved site development plans and permit-set architectural, structural, MEP and fire sprinkler drawings for both the 1BR and 2BR building types. The site is mass-graded, and four stormwater management ponds are in place.
The offering is a development platform, not a stabilized asset. Site infrastructure needs rework to conform to the approved civil plans before a Certificate of Occupancy can be issued. Phases 2 and 3 will need new land disturbance permits. The upside is a planned, engineered site in a growing I-85 market. Amazon's 1.6M SF sortation center is slated to open in Hogansville in 2027, and CoStar shows no other multifamily under construction within three miles.
The ideal buyer is an experienced multifamily developer or a vertically integrated builder with the team and capital to finish the site work and complete the remaining 17 buildings. Before receiving the Offering Memorandum and full plan set, buyers must provide a multifamily development track record and proof of funds.
Listing ID: 6d90999e-1fa8-4fa7-b26a-00abbbe301b8
Documents:
| Title | ||
|---|---|---|
| OM - 300 Elm Street - 228 Unit Development.pdf |
Location
Gallery
