1720 E Washington Road, East Point, Fulton County, GA, 30344 Atlanta GA US

USD 2,300,000
For Sale MLS: 10136430

Property Details

Bedrooms

3

Bathrooms

3

Neighborhood

Frog Hollow

Property Type

Lots And Land

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, 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 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. Find out more about this property. Request details here

Location

Address

1720 Washington Avenue, East Point, Georgia 30344, United States

City

East Point

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