3802 Washington Rd
Atlanta, GA 30344
Atlanta Airport - Paved Parking · Land For Sale · 12.20 AC

3802 Washington Road is a redevelopment opportunity located just off Washington Road consisting of land currently used as a parking lot identified by Assessor's Parcel Numbers are 140224LL0309, 140225LL0522, and 140225LL0944. The investment is located in Atlanta, GA in Fulton County on 12.52 acres. The Property is developed as a parking lot with 1,119 striped parking spaces including 21 handicap spaces, an office/terminal building, attended pay booths/gates, and a transport bus service building. The land is zoned C-1; Community Business District and R-1; Single Family Dwelling District. The office/flex building located on the front parcel of the Property contains approximately 3,944 sq. ft. and was constructed in 1989. The two-story building is primarily used for commercial purposes as an office facility for the surface parking lot, as well as a passenger terminal facility. An additional maintenance building comprised of 1,440 sq. ft., constructed in 1989, is situated in the southeast corner of the Property. The primary use of this single-story building is for transport bus maintenance. According to property management, this maintenance building is no longer in use and transport buses are serviced off-site. Sixt Rent a Car currently leases a portion of the lot on a lease terminating August 30, 2023. Sixt Rent a Car pays $25,000 in rent monthly with 3% annual increases, and has three (3) two (2) year options to extend the lease. The lease includes an early termination clause allowing Sixt Rent a Car to terminate the lease on any date after December 1, 2019. The seller notes that Sixt Rent a Car is flexible in the location of their leased area of the parking lot. For more information please contact the listing broker. The immediate area is comprised primarily of commercial and residential uses. Located north of the Property across Highway 6 are single-family residences and vacant land. Further south and east of the Property are single and multi-family residences and vacant land. Multiple retail properties can be found to the south along Washington Road. Additional retail and commercial properties within close proximity to the Property include Airport Food Mart, Chevron, Sammy Cheezecake, Sunny Garden Chinese, Western Union, Texaco, McDonald’s, Exxon, and Public Storage. Several apartment complexes are nearby which includes Central Park Apartments, The Legends at Laura Creek, Lakeside Reserve Apartments, Southern Lakes Apartments, and Leyland Pointe Apartments. A shopping center, Camp Creek Marketplace, within 1.6 miles northwest of the Property, is anchored by a Target and Staples and features shopping options such as Old Navy, Marshalls, Ross Dress for Less, PetSmart, the UPS Store, and others. The shopping center also features several dining options including Red Lobster, Chick-fil-A, Moe’s Southwest Grill, LongHorn Steakhouse, Starbucks, and others. There are 57,443 people within three miles of the Property with an average household income of $53,617. The average daily traffic count at the intersection of Interstate 285 and Camp Creek Parkway, 0.62 miles from the Property, exceeds 133,000.