JLL is pleased to offer the opportunity to acquire fee simple interest in 3830 Price Rd, a +/- 59.94 acre, site plan approved residential development opportunity located at 3830 Price Road in Gainesville, Georgia, just a few minutes away from Lake Lanier. The subject property was recently rezoned for 60 single family detached and 142 townhome lots and offers excellent visibility along Price Road. The
property is situated adjacent to one of the area's largest new retail and multifamily developments along Lake Lanier, with a Publix anchored retail center under construction.
The approved site positions 3830 Price as one of the fewresidentially zoned raw land sites in the booming Hall County submarket. Over the past two years, Hall County has transitioned from a fringe market to a core suburban submarket in the Atlanta MSA with institutional capital investing in multi-family and build to rent projects. In the past decade, Hall County has seen strong population growth and accelerated job growth as investment from firms pours into the county. Since 2011, the County has grown by 25,000 residents, or 13.5%, with overall employment growth increasing 52% over a 10-year period from 2010-2020. This tremendous growth represents a 30,000 job increase with 547 new companies choosing to locate in Hall County. Despite record population & employment growth, housing supply has been struggling to keep up, with only 9,100 permits issued since 2011.
- Rare zoned development opportunity in Hall County
- Excellent accessibility and connectivity to new development
- Proximity to Lake Lanier - Atlanta’s vacation destination
- Entitled project in a constrained housing market