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756 Joseph E Boone Blvd 0.16 Acres of Commercial Land Offered at $500,000 in Atlanta, GA 30314

Commercial Land Parcels Georgia Atlanta 756 Joseph E Boone Blvd, Atlanta, GA 30314

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Investment Highlights

  • Surrounded by additional retail

Executive Summary

Great Vine City redevelopment opportunity. Empty lot 1 mile west of downtown Atlanta. 48 Ft Frontage on main east-west corridor west of Northside Drive, two blocks west of new Cook Park. Additional platted rear access frontage on alleyway with two egress points. Potential for assemblage for larger development. Located in a Special workforce Public Interest District and a Tax Allocation Zone.

Property Facts

Price $500,000 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
  • Bank
  • Drugstore
  • Fast Food
  • General Freestanding
  • Hold For Development
  • Storefront, Retail or Office
Sale Conditions
Ground Lease (Leasehold)
  • Redevelopment Project
 Total Lot Size 0.16 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Zoning SPI-11 - medium density mixed use
Price $500,000
Sale Type Investment
Sale Conditions
Ground Lease (Leasehold)
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Bank
  • Drugstore
  • Fast Food
  • General Freestanding
  • Hold For Development
  • Storefront, Retail or Office
Total Lot Size 0.16 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning SPI-11 - medium density mixed use

1 Lot Available

Lot

Price $500,000 Lot Size 0.16 AC
Price Per AC $3,129,302.79
Price $500,000
Price Per AC $3,129,302.79
Lot Size 0.16 AC

48 X 145 lot in opportunity zone redevelopment area of Vine City. Currently zoned for medium density mixed-use in SPI, allows for a combined FAR of 3.30 with 85% lot coverage zoned for a 55 foot high building as large as 23,000 SF.

Description

Located across from a liquor store, a strip center with a dry cleaner, grocery store, and a former church property which sold for a higher per square foot price than asking price for this lot. Excellent Vine City redevelopment opportunity. 1 mile west of downtown Atlanta. Two blocks west of new 50M Cook Park. Potential for assemblage for larger development, area is currently undergoing major investment and development with several 5 floor multi-family buildings planned. Lot is currently being regraded and surfaced with crusher run for parking.

1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Source: Local Logic®
(678) 612-8656

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Contact the broker for more information about this property

Contact

  • Listing ID: 3902643

  • Date on Market: 3/22/2016

  • Last Updated:

  • Address: 756 Joseph E Boone Blvd, Atlanta, GA 30314

The Vine City Land Property at 756 Joseph E Boone Blvd, Atlanta, GA 30314 is currently available. Contact Prime Business Investments,Inc. for more information.

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