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$13,899,999
Est. payment /mo
9.79 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10479471
HOA Y/N No
Originating Board Georgia MLS 2
Annual Tax Amount $11,192
Tax Year 2023
Lot Size 9.790 Acres
Acres 9.79
Lot Dimensions 9.79
Property Sub-Type Unimproved Land
Property Description
Seize a Rare and High-Visibility Development Opportunity. This 9.79-acre site is located at the Bustling Intersection of Moreland Ave and Skyhaven Rd, offering 700 feet of frontage and positioning it perfectly for a mixed-use project in one of Atlanta's fastest-growing corridors. Adjacent to a 14-acre greenspace, the property presents a prime location for both residential and commercial development. The proposed project includes 17,000 of Commercial and Retail Space on the ground floor, perfect for restaurants, boutiques, offices, and daily essentials; 110 modern residential apartments atop the commercial spaces; and 47 for-sale townhomes catering to buyers seeking a vibrant, walkable community. Additionally, there is potential for expansion with room to add 25 more apartments. Site plans, schematic designs, and floorplans are provided, significantly reducing costs and time to construction. The property benefits from high traffic visibility, with over 35,000 vehicles passing daily, and is located adjacent to a 14-mile Greenspace trail, enhancing its appeal and absorption rates. The area is rapidly appreciating, with strong demand for mixed-use developments. Positioned along the key corridor connecting East Atlanta, Ormewood Park, Grant Park, and South Atlanta, this site is ideal for both residential and commercial growth. Nearby Developments, including East Atlanta Village, Grant Park, and the BeltLine, have experienced Exponential Property Value Increases, while Apartment complexes in the Area report over 95% Occupancy Rates and steadily rising rents. The site is also close to key employers and institutions like Hartsfield-Jackson Airport and Georgia State University. Comparable mixed-use projects in the area, such as The Indie and Glenwood Park, Demonstrate Strong leasing demand and High occupancy rates. This 9.79-acre site offers exceptional investment potential with multiple revenue streams from apartments, townhomes, commercial leasing, and retail space, all in a prime location with excellent accessibility. The development's proximity to major highways, employment hubs, and growing residential and retail markets ensures continued demand and growth.
Location
State GA
County Dekalb
Interior
Fireplace No
Exterior
Community Features Near Public Transport, Park, Near Shopping
Utilities Available Other
View Y/N No
Private Pool No
Building
Lot Description Level
Faces Please Use GPS For The Best Directions. Property is Located On Chester Ave SE which is Off Of Memorial Ave SE.
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Parkside
Middle Schools King
High Schools Mh Jackson Jr
Others
Tax ID 1514518044 , ASSEMBLAGE
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