Highlights

• Sealed Bid: All bids must be presented by March 28, 2008, complete with a 10% deposit and a 7-day closing period.
• Highly Motivated Seller: Currently in Foreclosure, the owner of the Forrest Park Residential Land is eager to consider offers.
• Desirable Physical Utility Structure: The land features sufficient size and shape, functional topography, and availability of all utilities/services.

• Area Development: There are several ongoing development projects in the immediate area providing a mix of both commercial and residential uses.
• Current Development Plan: The proposed development plan allots for 400 units.

Description

Bank owned, Forrest Park is 42.59 acres of land in three tracts located west of Forrest Park Road on the north side of Interstate 285 in Atlanta, Fulton County, Georgia. The site is irregular in shape with approximately 1,425 feet of frontage along Forrest Park Road, 1,460 feet of frontage along Interstate 285, and 2,900 feet along the east end of Southside Park. The site is unimproved, heavily wooded, slopes to the southwest, and is currently vacant. There are no drainage problems, and there is no knowledge of soil or environmental problems. We are not aware of any deed restrictions, or restricting covenants affecting development, other than zoning. The Surrounding properties are single-family residents to the north, a vacant lot to the east, Interstate 285 and single-family residents to the south and to the west Southside Park and single-family residents.

Forrest Park has good overall physical utility for a variety of uses. It is has adequate size and shape, functional topography, and availability of all utilities and services. Forrest Park enjoys a great location with respect to employment centers, residential areas, and surrounding retail.

Forest Park is located in Atlanta around the southern part of Fulton County. It is less than one mile from Jonesboro Road to the west and just over a mile from Moreland Avenue to the east. These roads allow for easy access to Atlanta' s interstate system. Development projects are ongoing in the area, and currently have commercial and residential developments that provide complementary uses. Forest park is conveniently located next to Southside Park.