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2481-2489 Donald Lee Hollowell Pky 1.56 Acres of Residential Land Offered at $1,800,000 in Atlanta, GA 30318
Investment Highlights
- Due Diligence Documents Available!
Executive Summary
The site fronts Donald Lee Hollowell Pkwy in the Grove Park submarket of Northwest Atlanta, within the city's Hollowell/MLK Jr. Drive Tax Allocation District. The corridor is anchored by MARTA's Bankhead and West Lake rail stations, the under-construction Westside Beltline Trail, and several large-scale mixed-use developments now reshaping the surrounding blocks — placing this site at the center of one of Atlanta's most active Westside growth corridors.
Directly on the Hollowell-Bankhead growth corridor, steps from the Bankhead MARTA Station area now targeted for the multi-tower “Hollowell Innovation District” transit-oriented redevelopment.
Minutes from the Atlanta Westside Beltline Trail and Star Metals / Bankhead redevelopment activity, including large-scale mixed-use projects bringing thousands of new residential units and commercial space to the corridor.
Approximately 4 miles / under 10 minutes from Downtown Atlanta, with direct access to I-285 and I-20, and close proximity to Midtown, Georgia Tech, and the Georgia World Congress Center district.
Near Westside Reservoir Park (Bellwood Quarry) — Atlanta's largest greenspace — and the ongoing revitalization of the Grove Park neighborhood, including new Grove Park Foundation acquisitions along the corridor.
Served by MARTA rail (Blue/Green Lines) and bus routes along Donald Lee Hollowell Pkwy, supporting a car-optional living model.
Property Facts
| Price | $1,800,000 | Proposed Use | |
| Sale Type | Investment or Owner User | Total Lot Size | 1.56 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | MR-4A | ||
| Price | $1,800,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.56 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | MR-4A |
1 Lot Available
Lot
| Price | $1,800,000 | Lot Size | 1.56 AC |
| Price Per AC | $1,153,846.15 |
| Price | $1,800,000 |
| Price Per AC | $1,153,846.15 |
| Lot Size | 1.56 AC |
2 parcels, consolidated 68,691 SF / 1.576 Acres (Net Land Area per approved site plan: 68,686 SF) MR-4A — City of Atlanta zoning approval obtained Located within the City of Atlanta's Hollowell/MLK Jr. Drive Tax Allocation District (TAD)
Description
A rare, fully-entitled 1.576-acre development opportunity along the rapidly transforming Donald Lee Hollowell Parkway corridor on Atlanta's Westside. The offering consolidates two contiguous lots — 2481 and 2489 Donald Lee Hollowell Pkwy — totaling 68,691 SF and carries an approved City of Atlanta site plan for a 106-unit senior housing community designed by CHASM Architecture. With zoning approvals, environmental, geotechnical, and survey work already complete, the site is positioned for a fast-tracked path to construction for a senior living, multifamily, or alternative qualifying developer.
Property Taxes
| Parcel Number | 14-0208-0004-029-6 | Improvements Assessment | $0 |
| Land Assessment | $292,560 | Total Assessment | $292,560 |
Property Taxes
Contact the Sale Advisor
2481-2489 Donald Lee Hollowell Pky