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- LoopNet Team
0 Jacoby Dr
Loganville, GA 30052
Senior Housing Development Site · Land For Sale
·
1.37 ac
INVESTMENT HIGHLIGHTS
- ±1.37 acre development site
- Utilities available: sewer, water, electricity, gas, cable, telephone
- Proposed Unit Mix: 40 Studios + 10 1-bedroom Units
- Zoned CH (Commercial Highway) | Multiple approved zoning uses.
- Proposed Building: Two Story, 39,900 SF
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Plot Size | 1.37 ac |
| Use Class | CH - Commercial Highway with significant number of approved uses by right. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Plot Size | 1.37 ac |
| Use Class | CH - Commercial Highway with significant number of approved uses by right. |
DESCRIPTION
Development site on 1.37 acres +/- for a proposed 50-unit Senior Housing Facility, located in the Atlanta suburbs, in the heart of Loganville, Walton County, Georgia. This proposed development is for a planned 40 studios and 10 0ne-Bedrooms, two-story 39,900 SF building. Planned amenities include: 5 offices, professional kitchen, two dining rooms with country kitchens, commercial laundry, an activity room, internal courtyard, and two elevators. Zoning also allows for many other approved uses by right, including hotel, medical clinics, etc. By Special Use Application: residential or community shelters. The subject site is located at the northwest quadrant of Jacoby Drive and Bay Creek Road, offering convenient access to major transportation routes, including U.S. Highway 78, which provides efficient transportation to Atlanta and surrounding suburban communities. In addition, the subject is located within proximity to several hospitals, including Emory Healthcare Hospital, Eastside Medical Center and Piedmont Walton Hospital. The population within the subject PMA is forecasted to experience a growth rate of 2.05% over the next five years, which is above the national growth rate forecast. This presents a tremendous opportunity for a senior living community in the area, especially given that income levels for all seniors age groups within the subject PMA are above national averages. The elevation for the proposed development has a modern, functional design with amenities comparable to or superior to competing facilities in the market. Integra Realty Resources conducted a market study of the local market, and their analysis shows that the assisted living and memory care markets are under-supplied, with forecasted levels of under-supply continuing over the next several years. Overall, Proposed Jacoby Park AL and MC represents an excellent opportunity for investors looking to capitalize on the under-supplied senior living market in the area.
