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2605 Ben Hill Rd - Formerly Point University 102,900 SF Specialty Building Offered at $4,985,000 in East Point, GA 30344
Investment Highlights
- Site size of ±23.8 acres
- Located in East Point, an Atlanta-bedroom community
- Zoned E-I for Educational-Institutional uses
Executive Summary
"The property presents a rare opportunity to acquire approximately 23.8 acres for a townhouse development or institutional campus in East Point, an Atlanta bedroom community. Zoned Educational-Institutional (E-I), the site supports townhomes, schools, religious facilities, day care centers, and a variety of public and private institutional uses, with additional uses potentially permitted through special approval, including medical, assisted living, senior housing, and certain quasi-commercial institutional uses.
Formerly operated as an educational campus, the property contains ten structures totaling approximately 102,900 SF. Several existing improvements, including former dormitories and multifamily residential buildings, are considered functionally obsolete and may require demolition or substantial rehabilitation. Pricing guidance reflects underlying land value adjusted for anticipated demolition costs. The site has been identified as a redevelopment opportunity, allowing investors, developers, educational organizations, and institutional users to reimagine the property for a variety of future uses. Three existing buildings totaling approximately 48,333 SF, including an office/classroom building, library, and gymnasium, may offer adaptive reuse potential and could provide a foundation for phased redevelopment or campus-oriented projects."
Formerly operated as an educational campus, the property contains ten structures totaling approximately 102,900 SF. Several existing improvements, including former dormitories and multifamily residential buildings, are considered functionally obsolete and may require demolition or substantial rehabilitation. Pricing guidance reflects underlying land value adjusted for anticipated demolition costs. The site has been identified as a redevelopment opportunity, allowing investors, developers, educational organizations, and institutional users to reimagine the property for a variety of future uses. Three existing buildings totaling approximately 48,333 SF, including an office/classroom building, library, and gymnasium, may offer adaptive reuse potential and could provide a foundation for phased redevelopment or campus-oriented projects."
Property Facts
| Price | $4,985,000 | Building Class | C |
| Price Per SF | $48.45 | Lot Size | 23.80 AC |
| Sale Type | Owner User | Building Size | 102,900 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1957 |
| Property Subtype | School | Parking Ratio | 1.39/1,000 SF |
| Zoning | E-I - Educational and Residential zoning E1 and R1 | ||
| Price | $4,985,000 |
| Price Per SF | $48.45 |
| Sale Type | Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 23.80 AC |
| Building Size | 102,900 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | E-I - Educational and Residential zoning E1 and R1 |
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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