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2605 Ben Hill Rd - Redevelopment or Education/Religious Site 23.84 Acres of Residential Land Offered at $4,985,000 in East Point, GA 30344
Executive Summary
Opportunity to acquire ±23.8 acres for a townhouse development or for a religious or educational campus in East Point, an Atlanta-bedroom community.
The (E-I) Educational-Institutional zoning allows townhomes, schools, religious facilities, day care and other public and private institutional uses. Additional uses may be allowed by special permit including medical, assisted living, senior housing and certain quasi-commercial uses tied to institutions.
The site was a former educational campus with ten structures (±102,900 SF). Three of the buildings, (±35,383 SF) former dormitories and four buildings with 18 multifamily units (±19,184 SF) need to be demolished or have extensive renovations. While the pricing guidance is based on the land value less demolition costs, there are three possibly usable buildings (±48,333 SF). An office classroom building, a library building and a gymnasium.
The (E-I) Educational-Institutional zoning allows townhomes, schools, religious facilities, day care and other public and private institutional uses. Additional uses may be allowed by special permit including medical, assisted living, senior housing and certain quasi-commercial uses tied to institutions.
The site was a former educational campus with ten structures (±102,900 SF). Three of the buildings, (±35,383 SF) former dormitories and four buildings with 18 multifamily units (±19,184 SF) need to be demolished or have extensive renovations. While the pricing guidance is based on the land value less demolition costs, there are three possibly usable buildings (±48,333 SF). An office classroom building, a library building and a gymnasium.
Property Facts
| Price | $4,985,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 23.84 AC |
| Property Type | Land | ||
| Zoning | E-I - Educational Institutional | ||
| Price | $4,985,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 23.84 AC |
| Zoning | E-I - Educational Institutional |
1 Lot Available
Lot
| Price | $4,985,000 | Lot Size | 23.84 AC |
| Price Per AC | $209,102.35 |
| Price | $4,985,000 |
| Price Per AC | $209,102.35 |
| Lot Size | 23.84 AC |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14-0197-LL-043-5 | Improvements Assessment | $800,000 |
| Land Assessment | $1,906,880 | Total Assessment | $2,706,880 |
Property Taxes
Parcel Number
14-0197-LL-043-5
Land Assessment
$1,906,880
Improvements Assessment
$800,000
Total Assessment
$2,706,880
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2605 Ben Hill Rd - Redevelopment or Education/Religious Site
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