300 Elm St
- 228 approved units on ±15.54 acres; 24 units in two completed buildings
- Approved site plans and permit-set building drawings for 1BR and 2BR buildings
- Mass-graded site with four stormwater ponds in place
- City of Hogansville water, sewer and gas; 380 approved parking spaces
- Amazon 1.6M SF sortation center (1,000+ jobs) slated to open in Hogansville in 2027
- Suited to experienced multifamily developers; site work required prior to CO
Property Description
300 Elm Street is a partially developed, 228-unit garden-style multifamily site on ±15.54 acres in Hogansville, GA. Two of the nineteen approved three-story buildings (24 units) are vertically complete. The sale includes approved site development plans and permit-set architectural, structural, MEP and fire sprinkler drawings for both the 1BR and 2BR building types. The site is mass-graded, and four stormwater management ponds are in place. The offering is a development platform, not a stabilized asset. Site infrastructure needs rework to conform to the approved civil plans before a Certificate of Occupancy can be issued. Phases 2 and 3 will need new land disturbance permits. The upside is a planned, engineered site in a growing I-85 market. Amazon's 1.6M SF sortation center is slated to open in Hogansville in 2027, and CoStar shows no other multifamily under construction within three miles. The ideal buyer is an experienced multifamily developer or a vertically integrated builder with the team and capital to finish the site work and complete the remaining 17 buildings. Before receiving the Offering Memorandum and full plan set, buyers must provide a multifamily development track record and proof of funds.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,600,000 |
| No. of Units: | 228 |
| Year Built: | 2024 |
| Lot Size: | 16.24 Acres |
| Opportunity Zone: | No |
| Price per unit: | $24,561 |
| Property Website | Click Here |
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