For Sale
$1,999,990

314 Mcdonough BlvdAtlanta, GA 30315

0.91-acre lot, prime Atlanta location, high growth area.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 0.91-acre commercial and residential land parcel, located at 314 McDonough Blvd SE, Atlanta, GA 30315, presents a unique investment opportunity. Zoned C-1-C, the property boasts all utilities (gas, water, electricity) and is conveniently situated on a state route, within 10 minutes of Atlanta City Hall. Its strategic location places it within walking distance of the Atlanta BeltLine and on a bus route. The area is experiencing significant growth, with over $1 billion in new multi-family developments within a half-mile radius, including Skyline Apartments, The Steede Apartments (senior living), The Verge Apartments, 55 Milton Apartments, The Maverick Apartments, Skylar Townhomes, The Upton Apartments, Englewood South Atlanta, Empire Zephyr Townhomes, Nolyn Pointe, and 3 Points at Chosewood Park. Several of these developments are already complete and occupied. The property is priced at $1,999,990, or $50.83 per square foot. Financing options are available. Due diligence confirms no liens on the property and no record of brownfield contamination. This is an ideal site for high-end townhomes or condominiums, capitalizing on the area's rapid expansion and high demand for housing. The seller is open to discussing partial financing.

Highlights

  • Strong 5-year growth trajectory with ongoing development, presenting a prime investment opportunity.
  • High-end townhome/condo development potential.

Property Details for 314 Mcdonough Blvd

Property type
Land
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7163897
Longitude
-84.37747123
314 Mcdonough Blvd, Atlanta, Georgia

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314 Mcdonough Blvd
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