SOLD | Class A Building (Shell Condition) & Excess Developable Land | ± 138,600 SF | ± 16 Acres

Highlights

• • 138,600 SF, 7-story building with abundant parking & excess surrounding land available for sale
• • The total parcel size is 15.99 acres.
• • Long, tree-lined avenue leads to round-about in front of attractive facade
• • Structure left unfinished from the recession; concrete structure completed in 2008 with limited MEPs

• • Initially intended as a four-building, mixed-use development surrounding interior courtyards with surface parking plus a parking deck
• • Zoned PUD (City of Duluth): http://bit.ly/392R1Wj (See page 142 on link for info on PUD zoning)
• • This zoning gives Duluth the authority to approve uses on a case-by-case basis
• • City of Duluth will not allow residential on the site and is interested in office and industrial uses

Description

Bull Realty, Inc. is please to exclusively offer the ability to purchase this 7-story building with abundant parking in the Duluth submarket of Atlanta. The total offering includes 15.99 acres; the existing structure and parking utilize ± 6 acres, and ± 10 acres of excess developable land. The structure was left unfinished during the 2008 recession and now stands with limited MEP's, but is ready for further development. Originally intended to be a four-building, mixed-use development, the City of Duluth is now encouraging many potential uses for the site including office, mixed-use, medical, industrial, etc.

The surrounding Berkeley Lake area is one of the most affluent areas in Georgia with a median household income of $131,944. The Duluth MSA has a strong and diverse local economy that is well-positioned for investment.