$2,367,000

INDUSTRIAL OR COMMERCIAL POTENTIAL. This listing consists of a (+/-) 39.45-acre tract of land located on the northwest intersection of Georgia Highway 83 (also known as Good Hope Road) and Unisia Drive just outside of the southeast boundary of the city of Monroe, Georgia. The property is improved with a (+/-) 2,014-square-foot single-family dwelling unit, a detached garage with a second-level apartment, a utility building, and a barn. The proposed Monroe-Bypass, which is currently under construction, will intersect Unisia Drive along the property. When the Monroe-Bypass is completed, the property will have a corner location along a heavily traveled 4-way intersection. The proposed Monroe-Bypass will provide an alternate route around the downtown historic district of the city of Monroe and will connect Georgia Highway 11, Georgia Highway 83, and U.S. Highway 78, and it will adjoin the east boundary of the property. The site contains (+/-) 1,100-linear feet of frontage along the north side of Georgia Highway 83 and has (+/-) 1,350-linear feet frontage along the west side of Unisia Drive. The (+/-) 1,350-linear foot section of Unisia Drive along the property will be converted into the Monroe-Bypass once the right-of-way is completed. The site is currently zoned for A-2, rural estate, and R-1, single-family residential, use; however, the Walton County future plan designates the area surrounding the proposed Monroe-Bypass, including the property, as Employment Center. The future plan designation of Employment Center is typically reserved for industrial districts within Walton County. The property is on the south boundary of an existing industrial district that contains several major industrial employers including a Walmart distribution center, a Hitochi manufacturing facility, a Tucker Door & Trim manufacturing facility, a Novolex-Doro Bag manufacturing facility, and a commercial greenhouse facility. The Georgia Department of Transportation reports that the average daily traffic count along the section of Georgia Highway 83 (Good Hope Road) adjoining the property is 5,600 vehicles per day, and the average daily traffic count along the section of Unisia Drive adjacent to the property is 9,230 vehicles per day; the property has good visibility from all adjacent lanes of traffic. The property is located (+/-) 800 linear feet outside of the city of Monroe, (+/-) 2.25 miles east of the historic central business district in the city of Monroe, (+/-) 41 miles east of downtown Atlanta, and (+/-) 21 miles southwest of Athens, Georgia. The site has easy access to U.S. Highway 78 via Unisia Drive which intersects U.S. Highway 78 (+/-) 1.1 miles north of the subject site (intersection controlled by a traffic signal). U.S. Highway 78 provides Walton County and the property with access to Atlanta and Athens, Georgia. The property is shown by appointment only; interior access of the existing dwelling and buildings is restricted to the due diligence period subsequent to a signed purchase and sale agreement.