300 Elm ST, Hogansville Active

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.

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