Viewing Listing MLS# 7184138
East Point, GA 30344
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1955Year Built
- 1.87Acres
- MLS# 7184138
- Commercial
- Potential Commercial
- Active
- Approx Time on Market1 year, 2 months,
- AreaN/A
- CountyFulton - GA
- SubdivisionN/A
Overview
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 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, Pro Forma/Site Plan for MF development; 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 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 Countys 6th largest City.
Association Fees / Info
Hoa: No
Bathroom Info
Building Info
Habitable Residence: Yes
Business Info
Equipment: None
Number of Buildings: 1
Exterior Features
Fence: Fenced
Road Surface Type: Other
Pool Private: No
County: Fulton - GA
Acres: 1.87
Fees / Restrictions
Financial
Original Price: $2,300,000
Owner Financing: Yes
Owner Pays: Other
Documents Available: Other
Garage / Parking
Parking Features: None
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: One
Interior Features: Other
Flooring: Other
Lot Info
Lot Size Source: Appraiser
Zoning: DOVD
Lot Features: Other
Lot Size: 190x309x338x172x152x145
Misc
Property Attached: No
Home Warranty: Yes
Other
Other Structures: None
Property Info
Construction Materials: Other
Year Built: 1,955
Property Condition: Resale
Roof: None
Property Type: Commercial Sale
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: No disclosures from Seller, Sold As/Is
Sqft Info
Building Area Total: 81457
Tax Info
Tax Amount Annual: 8241
Tax Year: 2,022
Tax Parcel Letter: 14-0157-0014-057-6
Unit Info
Utilities / Hvac
Cool System: Other
Electric: Other
Heating: Other
Utilities: Other
Waterfront / Water
Water Body Name: None
Waterfront Features: None
Directions
Use GPS.Listing Provided courtesy of Weichert, Realtors - The Collective