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1960 Flat Shoals Road, Conyers, GA

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1960 Flat Shoals Road

16.69 acres - 272 units
Conyers, GA 30013 - I-20 East/Conyers Submarket

(3.3 MB)

Property Type:Land Parcel Size:16.69 Acres
Zoning:Mixed Use
For Sale Price:$2,176,000 Price/Acre:$130,377 Price/SF:$2.99

Proposed Use:MultiFamily, Apartment Units

On-Site Improv:Raw land

Sale Notes:
Located along a highly trafficked section of Interstate 20, this 16.69 mixed use zoned tract of land, proposed 272 unit apartment site is a part of a larger 36 acre proposed project which would include retail, a hotel and senior housing. The zoning allows for 272 apartment units at $8,000 per unit. The maximum density per acre is 20,000 SF of living space.

Baxter International, a pharmaceutical manufacturing company headquarted in Deerfield, Illinois, broke ground in neighboring Covington, Georgia on its biggest capital outlay in its corporate history - a 1.2 million SF, state of-the-art plasma products manufacturing facility. With such a large scale facility comes many new job opportunities - approximately 2,000. Jobs will include warehouse management, utilities workers,
administrative clergy and laboratory staff. Baxter will have invested $11.8 billion into the project by 2018.

With an increase in job availability, many will flock to the area. Small families and recent
college graduates will benefit greatly from renting apartments in the surrounding Covington area. With a growing need for multifamily properties, as indicated by a rapidly decreasing vacancy rate, increasing rental rate and no new construction in
the works, the demand for options is growing.

New infrastructure will be the catalyst from an underdeveloped area to a bustling city with a stronger economy.

Bull Realty Inc.
Perry Hayes
(404) 876-1640 x135

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