$2,000,000

Property Description

Why enter another bidding war on a value-add MF development? Move Quickly to secure nearly 2 full acres in Downtown East Point. Parcel is flanked on 3 sides by major roads in the heart of Downtown Co zoned as of right for MultiFamily and Mixed Use. Just 3 blocks from the East Point MARTA station, across Church Street from popular Resurgence Hall Charter School, this parcel is fully entitled! A Brand New Downtown Overlay District Zoning was codified in 2021 that allows up to 5 stories of MF or Mixed Use Units to be built as-of-right. Current structure must be demolished (cost of demo = approx. $40k). Sale comes with full entitlements, survey, Phase 1 & 2 Environmentals, Soil Survey; all the time-consuming due diligence is already done. Just get LDP/Site Plan/Building Permits approved and get busy converting this teardown into your desired new construction preferred use. Tri Cities is BOOMING Co home values are up 22.4% in last 12 months vs +11.7% in FulCo and -0.7% in Metro ATL. 70 Walk Score, $50k Median Household Income, convenient to MARTA/Airport in Fulton CountyCOs 6th largest City.

Property Features

  •  1.97
  •  8241.00
  •  Other
  •  Public Sewer
  •  Public
  • Exterior Features

  •  Fenced
    • Corner Lot
    • City Lot
    • Level
    • Near Public Transit
  •  Parking Lot
  •  None
  •  Other
  •  Commercial Sale
  • Interior Features

  •  Other
  •  Other
  •  Other
  • Courtesy of The Collective Luxury Real Est

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    Alex Norkus

    (904) 280-3000
    Keller Williams Jacksonville Realty