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861 Main Street - 32-Unit Townhome Development Site 1.54 Acres of Commercial Land Offered at $1,000,000 in Forest Park, GA 30297
Investment Highlights
- Central downtown Forest Park location undergoing major revitalization efforts.
- Surrounded by diverse retail, including Walmart, Kroger, Southlake Mall, and multiple just-in-time amenities.
- Dense population with over 160,000 residents within 5 miles and nearly 750,000 within 10 miles.
- Close to Hartsfield-Jackson Atlanta International Airport and Downtown Atlanta for superior connectivity.
Executive Summary
Forest Park is a rapidly developing and growing area with a major downtown revitalizatinon project under way. Furthermore, there are diverse employment opportunities in the hospitality, healthcare, education, retail, and professional sectors which greatly increases the demand for housing. The population is massive, with around 160,000 people in a 5 mile radius and almost 750,000 in a 10 mile radius. The property is also near major stores such as Wal-Mart, Ollies, and Tj-Maxx within a few miles. It is also near the Southlake Mall and is also near a Kroger and Value Village as well for all of your shopping needs.
With close proximity to the Airport and Downtown Atlanta, this land is a high potential, high opportunity development piece that’s already properly zoned and ready for easy buildout. This combined with the growing, diverse population and the increasing demand homes makes this a fantastic investment project.
Key Highlights:
1. Zoning is currently RM which allows for 32 ready to build townhomes already approved by the city
2. Geo Compliance, Environmental, and Civil Drawings are all completed making this a fast development; a rarity.
3. Located in the heart of downtown Forest Park, where there is a major revitalization project ongoing.
4. Located near the airport and downtown Atlanta for easy convenience.
5. Great shopping options with Wal-Mart, Kroger, Southlake Mall, Value Village, TJ-Maxx and more.
6. Massive population of around 160,000 in a 5 mile radius and almost 750,000 in a 10 mile radius.
With close proximity to the Airport and Downtown Atlanta, this land is a high potential, high opportunity development piece that’s already properly zoned and ready for easy buildout. This combined with the growing, diverse population and the increasing demand homes makes this a fantastic investment project.
Key Highlights:
1. Zoning is currently RM which allows for 32 ready to build townhomes already approved by the city
2. Geo Compliance, Environmental, and Civil Drawings are all completed making this a fast development; a rarity.
3. Located in the heart of downtown Forest Park, where there is a major revitalization project ongoing.
4. Located near the airport and downtown Atlanta for easy convenience.
5. Great shopping options with Wal-Mart, Kroger, Southlake Mall, Value Village, TJ-Maxx and more.
6. Massive population of around 160,000 in a 5 mile radius and almost 750,000 in a 10 mile radius.
Property Facts
| Price | $1,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.54 AC |
| Property Type | Land | ||
| Zoning | C - Commercial | ||
| Price | $1,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.54 AC |
| Zoning | C - Commercial |
1 Lot Available
Lot
| Price | $1,000,000 | Lot Size | 1.54 AC |
| Price Per AC | $649,350.65 |
| Price | $1,000,000 |
| Price Per AC | $649,350.65 |
| Lot Size | 1.54 AC |
This is an exceptional 32-unit RM zoned townhome development, located on Main Street right in the heart of downtown Forest Park in Atlanta. The versatile zoning allows for a build to rent or for sale development without any need to seek rezoning.
Description
±1.54-acre townhome development site in downtown Forest Park RM zoning approved for 32 townhome units Build-to-rent or for-sale development opportunity No rezoning required for planned development Geo compliance, environmental, and civil drawings completed Development-ready site with streamlined path to construction Strong opportunity in rapidly growing South Atlanta corridor
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13-0050B-00L-007 | Improvements Assessment | $0 |
| Land Assessment | $134,360 | Total Assessment | $134,360 |
Property Taxes
Parcel Number
13-0050B-00L-007
Land Assessment
$134,360
Improvements Assessment
$0
Total Assessment
$134,360
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861 Main Street - 32-Unit Townhome Development Site