352 University AveAtlanta, GA 30310

Property Details for 352 University Ave

Year built

1951

Lot size

13.25 AC

Property size (Sq ft)

74,442 SF

Zone code

I1

Property type

Investment properties

Property subtype

Live-work space

APN

14 0088 LL0171

APU

140088LL0171

Description

This exceptional 5.07-acre development opportunity is ideally situated along Atlanta's burgeoning Southwest BeltLine Trail. The property, zoned I-MIX and I-1, offers five ready-to-build pad sites with existing utility infrastructure. Pad sizes range from 0.66 acres to 1.83 acres, allowing for diverse development options. Permitted uses include a wide array of commercial, retail, and office spaces, including but not limited to financial institutions, schools, restaurants, and cultural facilities, subject to zoning regulations. The site boasts a 30% minimum FAR and a 225-foot height limit. Its prime location, just 300 feet from Highway 75/85 Exit 244 and fronting 2000 feet of the BeltLine, ensures exceptional visibility and accessibility. This is a unique chance to capitalize on the BeltLine's transformative impact and the area's robust growth, further enhanced by its location within a Federal Opportunity Zone. The surrounding area shows significant multi-family development activity, with 76,283 existing units, 10,377 under construction, and 16,505 proposed units within a 5-mile radius, indicating strong market demand and rental rates averaging $1,677. The site's strategic location and development potential make it an unparalleled investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $10,236,218

  6.5%

  $9,448,817

  7%

  $8,773,901

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,520,657

  Geo Method

  $14,520,657

• Alternative Use

  Use

  Valuation

  Residential

  $11,716,533

  Hospitality

  $10,732,281

  Educational

  $8,929,132

  Medical

  $9,236,218

  Retail

  $13,889,760

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7212

Longitude

-84.4007

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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