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Senior Housing Development Site | ± 6.3 Acres

0 Langford Drive
Watkinsville, GA 30677
PRICE : $1,320,000
PRICE PER ACRE: $220,000
PROPERTY TYPE: Land
SITE SIZE: 6.00 Acres

Highlights

  • ± 6.3 acres of raw land
  • Zoned OIP and approved for a continuing care retirement community/assisted living (CCRC)
  • All utilities are available to the site
  • Potential Age Restricted Class A Apartments
  • Over 4,200 unmet demand for Age Restricted Market Rate Apartments within 10 mile radius
  • 200,000+ population Athens MSA
  • Average Net Worth for age group 75+ is $1,116,400

Description

This site is ideal for a potential age-restricted Class A apartments in the affluent Athens submarket of Watkinsville. The site is zoned OIP (Office Institutional Professional) and is conditioned specifically for a CCRC (Continuing Care Retirement Community/Assisted Living.) The ± 6.3 acre site has ±1,044' of frontage on GA-316 and complimenting the adjoining ± 24.5 acre property, currently zoned OIP for an Assisted Living, Memory Care, and Independent Living Cottages Senior Living Village.

This site is adjacent to Jennings Mill County Club which offers potential golf cart access. It is also situated near a destination shopping mall, with medical offices such as the Piedmont Oconee Hospital, DaVita’s Dialysis Center and a new Mercedes Benz dealership also in close proximity. The Athens MSA is ranked as the second best retirement destination in the country according to Forbes Magazine. The University of Georgia adds to the cultural attractiveness of the area.

Watkinsville is located about one-hour northwest of Metro Atlanta and in the path of growth between Athens and Atlanta. The average net worth within a 3 mile radius of the site for age 75+ is $1,116,400. The community is part of the Athens 200,000+ population MSA which ranks #3 out of 26 most desirable retirement destinations in the US, according to Forbes Magazine.

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