314 Mcdonough BlvdAtlanta, GA 30315
- Land
- 2,576 SF
Property Details for 314 Mcdonough Blvd
- Year built
- 1900
- Construction
- STEEL FRAME
- Lot size
- 0.88 AC
- Property size (Sq ft)
- 2,576 SF
- Zone code
- C2
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 14 004100070526
- APU
- 14004100070526
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $405,440
- Hospitality
- $371,381
- Educational
- $308,985
- Medical
- $319,611
- Retail
- $480,643
Location Insight
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Latitude
- 33.7167
- Longitude
- -84.3774
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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