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- LoopNet Team
Candler Road
Decatur, GA 30032
White Oak Corners Land Assemblage · Land For Sale
·
1.20 AC
INVESTMENT HIGHLIGHTS
- Major street with access to Interstates and appealing neighborhoods, deep lot ready for expansion UP and Back
- Above market rental rates.
- High Growth area
PROPERTY FACTS
| Property Type | Land | Proposed Use | Mixed Use |
| Property Subtype | Commercial | Total Lot Size | 1.20 AC |
| Zoning | C1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 1.20 AC |
| Zoning | C1 |
DESCRIPTION
The “White Oak Corners” project is 2 blocks south of Memorial Drive and is comprised of three parcels on the corner of Candler Road and Amelia Avenue totaling +/- 1.2 acres. The addresses are 368 Candler Road, 1684 Candler Road, and 2478 Amelia Avenue with +/- 200 feet of frontage on Candler Road and +/- 290 feet of frontage on Amelia Avenue. The asking price of $2.5 million is for the three land parcels ONLY. We have met with and received verbal approval from the DeKalb zoning and planning commission for MU3 zoning, which the buyer will need to apply for. DeKalb County is encouraging mixed use development with street level retail and residential units above.The proposal and renderings were designed to conform with the DeKalb County Candler Overlay specifications. The cost of developing the site and the structure, without the cost of the land, is estimated at between $12 and $14 million or $250,000-$270,000 per unit based on 48 residential and 8 street level storefront units. The White Oak Corners proposal features 8 street level retail/service units 23’ wide and 60’ deep, that can be combined if desired, and 3-levels of residential living. The residences will be a mix of 1-, 2-, and 3-bedroom units starting at +/- 500 square feet.
