Your email has been sent.
Freestanding Former Walgreens w/ Drive-Thru 3059 Washington Rd 11,497 SF Vacant Retail Building Online Auction Sale East Point, GA 30344
Investment Highlights
- Acquire a highly visible 11,497-square-foot former Walgreens on a 1.43-acre corner lot with redevelopment, owner/user, and investment potential.
- Unlock value through C-1 zoning and a flexible building layout suitable for retail, medical, urgent care, pharmacy, QSR, or multi-tenant conversion.
- Reduces near-term CapEx with a new HVAC system and BUR-compliant roof replaced in 2021, on top of Walgreens’ consistent upkeep.
- Existing infrastructure includes a drive-thru, 60 parking spaces, dual entrances, dedicated turn lane, signalized intersection, and monument signage.
Executive Summary
3059 Washington Road features a highly visible corner location, a drive-thru component, 60 parking spaces, dual points of access, pylon and monument signage, and a dedicated turn lane. Additionally, expenditures are minimized due to the new HVAC and BUR-compliant roof installed in 2021.
The property's size, layout, and existing infrastructure create significant flexibility for investors, owner/users, and developers. C-1 Neighborhood Commercial zoning allows a range, including retail, commercial pharmacy, quick-service restaurant (QSR) conversion, services, medical or urgent care facilities, indoor sports and recreation concepts, or a multi-tenant storefront configuration. The existing footprint and parking field help reduce redevelopment costs while providing multiple pathways for value creation.
Demand fundamentals are supported by a growing residential base and substantial consumer spending power throughout the trade area. More than 71,000 households are projected within 5 miles by 2025, increasing to over 73,000 by 2030, while consumer spending exceeds $1.6 billion within the 10-mile radius.
Located near major transportation corridors, Camp Creek Parkway, Old National Highway, and one of the world's busiest airports, the property benefits from strong regional connectivity and daily traffic exposure. This combination of strategic location, adaptive reuse potential, and growing area demographics makes 3059 Washington Road a compelling acquisition opportunity for buyers seeking redevelopment upside, long-term appreciation potential, or a value-add repositioning opportunity in the Atlanta metropolitan market.
Matterport 3D Tour
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Monument Signage
About College Park/Southwest Atlanta
The College Park/Southwest Atlanta area is home to many growing communities ranging from in-town urban neighborhoods like West End and Adair Park to cities near Hartsfield-Jackson Atlanta International Airport like East Point and Hapeville. The regional rail system, MARTA, runs north-south through the area with six train stops ending at the airport.
In the northern part of the College Park/Southwest Atlanta area, investment has clustered around the multiuse trail development, Atlanta Beltline. Projects such as the mixed-use Lee + White have attracted new retail, restaurant, and office tenants to the area. More investment in the area, such as in the Beltline’s mixed-use Murphy Crossing, the redevelopment of the 1970s Mall West End, and a new owner at the 40-acre Met in Adair Park, will transform this fast-changing node.
Further south, the tri-cities, East Point, College Park, and Hapeville, provide walkable downtown areas and affordable residential neighborhoods. This area has employment opportunities such as at the airport, in industrial logistics around the airport, and in office jobs, including at Delta headquarters and Porsche North American headquarters. This area has sites prime for transformative developments with some mixed-use projects in the pipeline.
Out-of-state firms have dominated recent buyer activity in the area, a change from previous years where Atlanta-area investors were most active. Firms from New York and the greater southeast have acquired properties in the area recently as investors look to take advantage of the area’s proximity to employment centers and growing neighborhoods.
Demographics
Demographics
Nearby Major Retailers
Sale Advisor
Sale Advisor
Jeff Hammond, Principal
Jeff has a strong entrepreneurial drive and focuses on the bottom line while being ever-mindful of providing stellar service to clients. Gaining early business experience with UPS — the global leader in logistics, packaging and specialized transportation — Jeff made significant contributions as a “change agent,” improving efficiencies, reducing costs and driving quality.
With an entrepreneurial spirit and record of success in the real estate marketplace, Jeff’s expertise lies in building strong client relationships, ensuring quality service, and negotiating the best terms possible to close transactions. These unique skill sets have enabled him to become a top performer in marketing commercial real estate and a leader in the sale of office, retail, and industrial space. As such, his colleagues refer to him as “The Bulldog” and “Mr. Networker.”
About the Auction Technology
Auction Contact
Contact the Sale Advisor
Freestanding Former Walgreens w/ Drive-Thru | 3059 Washington Rd
Presented by
Freestanding Former Walgreens w/ Drive-Thru | 3059 Washington Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.