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Old Mill Place R 360 MACLAND RD 92 Y W K K P P Y Y D D R R PAULDING COMMONS¨ A A H H S S E E L L R R EXCLUSIVE OFFERING A A JIM H H M C C Y L EE SMITH PKWY HIRAM PAVILION Y Y W W K K P P H H T T U U OLD MILL PLACE R R R R A A 29.5 ACRES C C L L L L HIRAM, PAULDING COUNTY, GA I I B B Disclosure / Confidentiality Statement The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of 29.5 Acres in Paulding County, Georgia (“Property”), and is not to be used for any other purpose or made available to any other person without the express written consent of Ackerman & Co. and Pioneer Land Group. (“Broker”) and the Owner (“Owner”). This Offering Memorandum was prepared by Broker, and the information contained herein has been obtained from sources that Broker deems to be reliable, and Broker has no reason to doubt its accuracy. However, neither Owner, its affiliates, officers, directors or employees, nor the Broker, nor any other party, make any warranty or representation, expressed or implied, as to the accuracy or completeness of the information contained herein, including but not limited to financial information and projections, and any engineering and environmental information and any downloadable files. Prospective purchasers should make their own investigations, projections, and conclusions. It is expected that prospective purchasers will conduct their own independent due diligence concerning the Property, including such engineering inspections as they deem necessary to determine the condition of the Property. Ackerman and Co. and Pioneer Land Group represent the Owner in this transaction and makes no representations, expressed or implied, as to the foregoing matters. This Offering Memorandum is exclusively presented by the Broker. For additional information or to schedule a property tour, please contact: John Speros Direct: 770.913.3910 Senior Vice President Mobile: 404.578.7033 Ackerman & Co. Email: [email protected] Kyle Gable Direct: 770.225.0718 Broker Mobile: 404.867.3332 Pioneer Land Group Email: [email protected] J.T. Speros Direct: 770.913.3949 Associate, Brokerage Mobile: 404.775.3919 Ackerman & Co. Email: [email protected] Table of Contents 1 THE OPPORTUNITY 2 THE PROPERTY 3 THE MARKET PROPOSAL 4 REQUIREMENTS 5 SUPPORT INFORMATION SEWER MAP GOOGLE EARTH KMZ OLD MILL PLACE | 29.5 ACRES | PAULDING COUNTY, GA 4 The Opportunity Ackerman & Co. and Pioneer Land Group are pleased to present for sale 29.5 acres on Old Mill Road in the city limits of Hiram, Paulding County, Georgia. Old Mill Place offers the following attributes: Convenient access to surrounding amenities including historic downtown Dallas and Hiram, extensive retail along Hwy 278, and the 25,000-acre Paulding Forest, which offers opportunities to hunt, fish, camp, bike and hike. Located less than one mile from the Silver Comet Trail. The trail is a highly-regarded 61.5-mile long, multi-use trail that runs from Interstate 285 in Cobb County to the Georgia/Alabama state line in Polk County. Located in Paulding county, the 7th best-selling county in Metro Atlanta for new Single Family Detached (SFD) house sales. There is currently a 31.9 months of supply of vacant developed lots (“VDLs”) in Paulding County, which is a 40.6% YOY decrease. In the East Paulding High District there is a 21.1 months of supply of VDLs. Of the remaining 710 lots, 653 or 92% are in communities with an active builder. Currently zoned R2 (Suburban Residential in City of Hiram). Owner may entertain a rezoning to higher zoning classification. Sewer is located on the adjacent property. Old Mill Place is an opportunity to build a premium community to meet the immediate and growing housing needs for this market. Interested parties should submit a letter of intent (“LOI”) pursuant to the terms outlined in the Process section of this Offering Memorandum. OFFERING MEMORANDUM OLD MILL PLACE | 29.5 ACRES | PAULDING COUNTY, GA 5 TheCALHOUN Property Bartow Cherokee UV113 ¨¦§75 Woodstock Old Mill Place is located at 3357 Jimmy Lee SmithGAINESVILLE Pkwy£¤41 in Hiram, Paulding County, Georiga. The parcel ID is 146.1.3.012.0000. UV113 ¨¦§75 Woodstock ROME CANTON £¤41 92 CARTERSVILLE UV ¦¨§575 BARTOW COUNTY¦¨§985 Acworth WOODSTOCK 85 CHEROKEE COUNTY 75 ALPHARETTA ¦¨§ § ACWORTH ¦¨ PAULDING COUNTY UV92 KENNESAW ROSWELL JOHNS CREEK Polk DULUTH Acworth PEACHTREE CORNERS MARIETTA LAWRENCEVILLE ¦¨§85 DALLAS SANDY SPRINGS DUNWOODY ¦¨§285 SMYRNA £¤41 BROOKHAVEN SNELLVILLE NORTH ATLANTA KENNESAW ¦¨§75 NORTH ATLANTA KENNESAW SANDY PLAINS ¦¨§85 SANDY PLAINS DOUGLASVILLE POLK COUNTY ATLANTAATLANTA VILLA RICA ¦¨§20 £¤41 ¦¨§20 KENNESAW 61EAST POINT KENNESAW 20 UVCOLLEGE PARK ¦¨§ CONYERS 92 PAULDING COUNTY ¦¨§285 UV SANDY PLAINS FOREST PARK CARROLLTON §675 COVINGTON RIVERDALE ¦¨ FAIRBURN RIVERDALE STOCKBRIDGE £¤41 ¦¨§85 61 UV ¦¨§75 UV92 FAYETTEVILLE MCDONOUGH PAULDING COUNTY COBB COUNTY NEWNAN PEACHTREE CITY MARIETTAMARIETTA UV120 £¤41 Paulding Cobb GRIFFIN Dallas MARIETTAMARIETTA OLD MILL PLACE UV120 £¤278 Dobbins Air Reserve Base LAGRANGE UV5 Dallas HIRAM SMYRNASMYRNA ¨¦§75 £¤278 Dobbins Air MACON Reserve BaseVININGS Powder Springs UV5 HIRAM SMYRNASMYRNAFulton¨¦§75 £¤278 VININGS Powder Springs Mableton AUSTELL ¨¦§285 OFFERING MEMORANDUM FULTON COUNTY £¤278 Mableton AUSTELL ¨¦§285 6 OLD MILL PLACE | 29.5 ACRES | PAULDING COUNTY, GA THE PROPERTY HIGH ALTITUDE AERIAL WITH NEARBY AMENITIES RD MACLAND 360 PKWY Y PAULDING COUNTY D R COBB COUNTY A H S P.B. RITCH E L MIDDLE R A H MCGARITY 92 C ELEMENTARY KEY - SURROUNDING AMENITIES PAULDING COMMONS ¨ GROCERY STORES RETAIL STORES/CENTERS SCHOOLS HOSPITALS JIMMY LEE SMITH PKWY HIRAM PAVILION Y Y W W K K P P H H T T U U R R R R A A C C L L L L I I B B OFFERING MEMORANDUM OLD MILL PLACE | 29.5 ACRES | PAULDING COUNTY, GA THE PROPERTY OFFERING MEMORANDUM LOW ALTITUDE AERIAL BILL C ARRUTH PKW Y CHARLES HARDY PKWY JIMMY LEE S A M M A T T L L I I T T A A N H H N T T A A P P H K K H W W W W Y Y Y Y P P A A C C E E R R D D OLD MILL RD 7 THE PROPERTY OLD MILL PLACE | 29.5 ACRES | PAULDING COUNTY, GA 8 OLD MILL PLACE FLOOD ZONE AND TOPOGRAPHY OFFERING MEMORANDUM THE PROPERTY OLD MILL PLACE | 29.5 ACRES | PAULDING COUNTY, GA 9 ADDITIONAL DETAILS: ZONING Old Mill Place is currently zoned R2 (Suburban Residential) which allows minimum lot size of 20,000 SF and lot width of 100’. It is should be possible to rezone to R2 With Sewer to achieve the following: Ashbury Cir Maximum Gross Dwelling Units Per Acre .................2.9 Due West Rd Chester Harris Dr Gunnell Rd Buildable Density Per Acre ...........................................2.9 Silver Oak Dr Camp Dr Dogwood Trl Brooks Rackley Rd UV92 Minimum Lot Area .........................................................15,000 SF Holland Rd UV381 Minimum Lot Width ......................................................85’ t g C n b i l e b d Riverwood Dr r l Camp Cir o u E Paulding Dr u a Minimum Heated SF ......................................................1,800 C a L P Trace Rd Brooks St t S d n a l d o UTILITIES o W The Property is served by domestic water. Sanitary sewer is on Bobo Rd adjacent property and should gravity flow (Sewer Map is available Cedarstone Path Reece Rd EAST PAULDING HIGH in Support Information). No easements have been acquired for Spring Meadows Ave Mt Tabor Church Rd sewer. Prospective purchasers should verify utility availability and Fox Ridge Ct Hardy Cir capacity during the due diligence. Old Griffin Rd SCHOOLS Hunters Trce y a W n i l b h t DISTANCE FROM u a D P SCHOOL y o PROPERTY b UV120 Ireland Ln w o C 92 ELEMENTARY SCHOOL UV Poplar Rd Crestview Dr McGarity Elementary 0.9 Miles Macland Rd PB RITCH MIDDLE SCHOOL Wilbanks Cir MIDDLE Merchants Dr PB Ritch Middle 2.2 Miles Atlanta Hwy MCGARITY UV360 ELEMENTARY HIGH SCHOOL Old Mill Rd Paris Rd East Paulding High 5.0 Miles Summerhill Rd Old Mill Pace Rd Wellstar Paulding Place Hospital Quail Ridge Rd r i C 278 Cadillac Pkwy £¤ t s e r y c l l w i k H P h t u r r Greystone Pkwy a C OFFERING MEMORANDUM l Hardy Way l Winndale Rd i Watts Rd B Lake Rd Thompson Rd Greenfield Rd C W Sims Rd Coppermine Rd OLD MILL PLACE | 29.5 ACRES | PAULDING COUNTY, GA 10 The Market Old Mill Place is located in Paulding County, Georgia, and is served by the city of Hiram’ thriving amenities. As the metro Atlanta housing market continues to grow, the metro counties, including Paulding County, will continue to grow with it. Below are just some of the highlights for the area: Downtown Hiram is located just north of Highway 278 and has thriving retail with an old-town feel and a plaza centered around the Historic Town Square. The Silver Comet Trail bisects Paulding County. This trail is 61.5 miles long and is a 12-foot, concrete, multi-use, car-free trail that extends from Cobb County (I-285) to Polk County (Georgia/Alabama state line). Counting its continuation with Downtown Hiram the Chief Ladiga Trail in Alabama to the west, the Silver Comet Trail is now the longest paved trail in the United States. The Silver Comet and Chief Ladiga connect from Smyrna, Georgia to Anniston, Alabama. Paulding Forest is located in western Paulding County. The WMA is 25,707 acres and is available for seasonal hunting, camping, hiking, picnicking, canoeing, and other recreational uses.
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