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

Mixed-use properties

Property subtype

Other investment properties

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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