314 Mcdonough BlvdAtlanta, GA 30315

  • Land
  • 2,576 SF
For Sale
$1,999,990 View listing

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
314 Mcdonough Blvd, Atlanta, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,163
$76,400
-
$76,400
-
$191,000
-
$191,000

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