Build-To-Rent / Build To Sell Fee Simple Development
Build-To-Rent/Build To Sell Fee Simple Development Opportunity | 240 Units with All Zoning Approvals
Marketing description
Bull Realty is pleased to present this BTR / Build to Sell Fee Simple residential development opportunity in the coastal Georgia area. Located just 8 miles north of downtown Brunswick, this 240 unit development with all zoning approvals including Land Disturbance Activity Permit (LDA) will offer the future developer the opportunity to build townhomes and duplex as build-to-rent or fee simple sale. Work force housing is in short supply in the Brunswick area, due to the continued growth in the Sea Island and Saint Simons resort areas. This site is located 7 miles from the Brunswick Airport for easy access to and from Atlanta. Brunswick is the county seat of Glynn County with a population of 26,923 within a 5-mile radius.
The property is located off of Hwy-341 which is the primary access to Brunswick from surrounding areas to the northwest. The property is located 3-miles from highly traveled I-95. The nearby Port of Brunswick is a significant component of the economy and major demand driver for this area. The Georgia Ports Authority forecasts their investments of $262 million and acreage expansion will position the Port of Brunswick as the premier roll on/roll off facility in the U.S. for autos and machinery.
Further information on the economic impact of the Port of Brunswick is available in this study by the Georgia Ports Authority.
Investment highlights
- 240 units Build-to-Rent / Build to Sell Fee Simple opportunity with all zoning approvals for residential development
- Opportunity for a build-to-rent community or sell the units fee simple
- Zoned MR (Medium Residential) which allows for a wide range of uses
- Permitted uses for MR - https://tinyurl.com/3kstawa9
- Property comes with U.S. Army Corps of Engineers Jurisdictional Letter and LDA
- Pricing for the undeveloped site with all approvals and LDA, except Land Disturbance Permit (LDP): $4.5 Million
- Seller will develop the site for a qualified buyer, please inquire about developed pricing
- Traffic counts of ±18,810 VPD on Hwy-341
- Located less than 2-miles from Oak Grove Island that is exclusive to Heritage Oaks Golf Club. Oak Grove Island is a gated community that has over 420 homes within a peaceful serene environment
- Located 8 miles from Downtown Brunswick, 15 miles from St. Simons Island, 20 miles from Sea Island and 24 miles from Jekyll Island
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