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11556 Rainwater Dr - Alpharetta Commercial Land 2.09 Acres of Commercial Land Offered at $3,800,000 in Alpharetta, GA 30009
Investment Highlights
- 11556 Rainwater Drive offers a 2.09-acre cleared land parcel for ground-up retail or restaurant in North Atlanta's high-demand Alpharetta submarket.
- Corner location at a full-movement intersection on Westside Parkway gives exposure to more than 17,000 vehicles daily off GA 400 Haynes Bridge Ext.
- New Eddie V's one block away shows strong restaurant demand, with full nightly bookings reinforcing traffic and appeal for dining concepts.
- Former restaurant site equipped with paved parking, curb cuts, gutters, easements, detention, water, sewer, and an on-site fire hydrant.
- Very close proximity to Avalon, North Point Mall, downtown Alpharetta, and walkable to the Alpha Loop, to support steady consumer activity.
- Competitive submarket with stable vacancies and rent growth, supported by an affluent 5-mile population over 188,000 with $2.8B+ in annual spending.
Executive Summary
11556 Rainwater Drive presents a ±2.09-acre land parcel located within one of Metro Atlanta’s most desirable and rapidly growing submarkets Alpharetta. The site offers an excellent opportunity for ground-up development and is well-positioned within a high-demand area supported by some of Atlanta’s strong population growth and most affluent demographics. This pad ready former restaurant, site providing cost savings for similar development projects. The site has been fully cleared and paved, with the parking lot, curb cuts, gutters, easements, and detention already installed. Major utilities, such as water and sewer are also in place on site, including a fire hydrant.
11556 Rainwater Drive benefits from its proximity to established residential communities, retail corridors, and a significant daytime population with more than 1.3 million square feet of office space in the immediate area. The location is positioned at a full-movement intersection along a major retail corridor, linking developments like Avalon, redevelopment of North Point Mall and downtown Alpharetta. A new Eddie V’s Prime Seafood just opened one block away, with full nightly bookings demonstrating the area’s potential for high-traffic restaurant concepts. Westside Parkway provides a main connector from Haynes Bridge Road to Old Milton and GA 400, offering strong exposure to more than 17,000 daily vehicles to the corner site. The Alpha Loop trail is also in the immediate area, providing strong pedestrian traffic.
Positioned within the Roswell/Alpharetta Retail Submarket, developments at 11556 Rainwater Drive will benefit from robust demand fundamentals as well as favorable demographics. The submarket features vacancies of just 4.6%, couple with 12-month rent growth of 4.1%, demonstrating competitive demand in the region. Retailers seek out Roswell/Alpharetta for the areas’ strong economic base, high quality of life, and strong household spending power. Looking within 5 miles of the subject property, the region is home to a population of more than 188,000. The area’s affluent residents wield an average household income above $164,000, resulting in more than $2.8 billion in consumer spending each year. Together, these
11556 Rainwater Drive benefits from its proximity to established residential communities, retail corridors, and a significant daytime population with more than 1.3 million square feet of office space in the immediate area. The location is positioned at a full-movement intersection along a major retail corridor, linking developments like Avalon, redevelopment of North Point Mall and downtown Alpharetta. A new Eddie V’s Prime Seafood just opened one block away, with full nightly bookings demonstrating the area’s potential for high-traffic restaurant concepts. Westside Parkway provides a main connector from Haynes Bridge Road to Old Milton and GA 400, offering strong exposure to more than 17,000 daily vehicles to the corner site. The Alpha Loop trail is also in the immediate area, providing strong pedestrian traffic.
Positioned within the Roswell/Alpharetta Retail Submarket, developments at 11556 Rainwater Drive will benefit from robust demand fundamentals as well as favorable demographics. The submarket features vacancies of just 4.6%, couple with 12-month rent growth of 4.1%, demonstrating competitive demand in the region. Retailers seek out Roswell/Alpharetta for the areas’ strong economic base, high quality of life, and strong household spending power. Looking within 5 miles of the subject property, the region is home to a population of more than 188,000. The area’s affluent residents wield an average household income above $164,000, resulting in more than $2.8 billion in consumer spending each year. Together, these
Property Facts
| Price | $3,800,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.09 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | PUD - Planned Urban Development | ||
| Price | $3,800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.09 AC |
| No. Stories | 1 |
| Zoning | PUD - Planned Urban Development |
1 Lot Available
Lot
| Price | $3,800,000 | Lot Size | 2.09 AC |
| Price Per AC | $1,818,181.82 |
| Price | $3,800,000 |
| Price Per AC | $1,818,181.82 |
| Lot Size | 2.09 AC |
The subject property is a ±2.09-acre land parcel located at 11556 Rainwater Drive in Alpharetta, Georgia, within one of Metro Atlanta’s most desirable and rapidly growing submarkets.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 12-2710-0746-061-3 | Improvements Assessment | $25,960 |
| Land Assessment | $814,040 | Total Assessment | $840,000 |
Property Taxes
Parcel Number
12-2710-0746-061-3
Land Assessment
$814,040
Improvements Assessment
$25,960
Total Assessment
$840,000
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11556 Rainwater Dr - Alpharetta Commercial Land