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t r a n s l a t e

Future Development Site With Income Near West Midtown | ± 0.95 Acres

834 Donald Lee Hollowell Pkwy
Atlanta, GA 30318
PRICE : $1,950,000
CAP RATE: 3.49%
PRICE PER ACRE: $2,052,632
PROPERTY TYPE: Land
SITE SIZE: 0.95 Acres

Highlights

  • ± 0.95-acre, covered-land site available for sale near West Midtown
  • Tremendous value-add opportunity as a covered land play with income
  • ± 6,838 SF building with Family Dollar-anchored tenant
  • Opportunity for new owner to terminate current tenant or renegotiate the lease as a long term-hold
  • Tenant responsible for Common Area Maintenance, HVAC and reimburses for taxes and insurance
  • Landlord responsible for the roof (warranty until 2025) and building structure
  • Surrounded by several new developments including Westside Reservoir Park, Quarry Yards, Echo Street West and many more
  • Nearby land comps support pricing upwards of $2.75M per acre
  • Located in Federal Opportunity Zone

Description

Bull Realty is pleased to present this prime, West Midtown covered-land site situated on busy Donald Lee Hollowell Pkwy. The property is in a Federal Opportunity Zone, near over $3.5 billion of development within a 3-mile radius.

This property is ideally-located less than 3 miles northwest of Mercedes-Benz Stadium and the future Gulch Development and 2 miles east of Atlanta's newest and largest greenspace, Westside Reservoir Park, which will feature Quarry Yards, a 27-acre, mixed-use development. Just a few blocks to the Westside BeltLine Spur (connecting Westside Reservoir Park at Bellwood Quarry to Georgia World Congress Center/Mercedes-Benz Stadium) and just 4 blocks from Northside Drive and the new Echo Street West development, this property is situated in the middle of a bustling West Atlanta business district brimming with opportunity.

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