Your email has been sent.
233 Joseph E Lowery Blvd NW - Development Site | ±0.40 Acres 0.4 Acres of Commercial Land Offered at $695,000 in Atlanta, GA 30314
INVESTMENT HIGHLIGHTS
- Prime development site in Atlanta’s Vine City neighborhood
- Flexible zoning for multifamily, townhomes, or mixed-use projects
- Minutes from BeltLine, Downtown, and major employment hubs
- Located in a federally designated Opportunity Zone with tax benefits
- Conceptual plans for 36–44 apartment units available
EXECUTIVE SUMMARY
• Please inquire about assemblage possibilities
• Plan #1: 44 apartments over four stories and 25,500 SF (see page 5 of the OM)
• Plan #2: More-affordable-to-build 36 apartment development over three stories (see page 6 of the OM)
• Close in proximity to many POI: 2 minutes to Northside Drive (cross street), 3 minutes to Westside Beltline, 4 minutes to Atlanta University Center (Clark, Spelman, Morehouse), •7 minutes to State Farm Arena, 8 minutes to Westside Reservoir Park, 11 minutes to Downtown Atlanta, 13 minutes to West Midtown
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $695,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.40 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | SPI-19-SA8 - Zoning: SPI-19-SA8 | ||
| Price | $695,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.40 AC |
| Opportunity Zone |
Yes |
| Zoning | SPI-19-SA8 - Zoning: SPI-19-SA8 |
1 LOT AVAILABLE
Lot
| Price | $695,000 | Lot Size | 0.40 AC |
| Price Per AC | $1,737,500.00 |
| Price | $695,000 |
| Price Per AC | $1,737,500.00 |
| Lot Size | 0.40 AC |
0.40-acre development site in Vine City, Ideal Use: Multifamily, townhomes, or mixed-use, Flat topography, Height Limit: 55’
DESCRIPTION
Positioned in the heart of Atlanta’s Vine City neighborhood, this ±0.40-acre development site at 233 Joseph E. Lowery Blvd NW offers a rare opportunity for investors and developers seeking growth in one of the city’s most dynamic corridors. Located within a federally designated Opportunity Zone, the property provides substantial tax advantages, including capital gains deferral and potential exclusion of future appreciation for long-term holders. These incentives, combined with Atlanta’s robust economic trajectory, make this site an exceptional investment. The parcel is zoned SPI-19-SA8, allowing for mid-density residential or mixed-use development with a 55-foot height limit. Conceptual plans include options for a 44-unit apartment building over four stories or a more cost-efficient 36-unit design across three stories. The site’s flat topography and full utility access streamline development, reducing time and cost for builders. Strategically situated minutes from major destinations—2 minutes to Northside Drive, 3 minutes to the Westside BeltLine, and under 15 minutes to Downtown Atlanta—the property offers unparalleled connectivity. Nearby attractions include State Farm Arena, Mercedes-Benz Stadium, and the Atlanta University Center, creating strong demand drivers for residential and mixed-use projects. With Atlanta ranking among the fastest-growing U.S. metros and boasting 16 Fortune 500 headquarters, this location promises enduring value and vibrant community integration.
Presented by
233 Joseph E Lowery Blvd NW - Development Site | ±0.40 Acres
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.