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Residential Development Site in Qualified Opportunity Zone | Downtown Atlanta Area | ± 0.83 Acres

875 Carter Street
Atlanta, GA 30314
PRICE : $1,500,000
PRICE PER ACRE: $1,807,229
PROPERTY TYPE: Land
SITE SIZE: 0.83 Acres

Highlights

  • ± 0.83-acre residential development site near Downtown Atlanta available for sale
  • Currently zoned SPI-11, SA-8 (Vine City and Ashby Station Special District)
  • 1 MARTA train stop from new Microsoft development and new Centennial Yards development
  • Seller has considered the possibility of both a 54-unit multifamily development and a 22 townhome development
  • 3 minute drive to Centennial Yards development, Mercedes-Benz Stadium and State Farm Arena
  • Walking distance to Atlanta University Center including: Spellman College, Morehouse College, Morris Brown College and Clark Atlanta University
  • Located directly across from Ashby MARTA Rail Station which provides access to Downtown Atlanta in less than 12 minutes

Description

Rare opportunity to acquire a transit-oriented, multifamily/townhome development site just minutes from Downtown Atlanta. Not only does the property sit within a Federal Opportunity Zone in the rapidly transforming Westside of Atlanta, it also benefits from being within the Westside Promise Zone which has setup a $30 million Community Benefits Agreement to fund local infrastructure, education and affordable housing. The Seller has considered development for either a 54-unit multifamily development, 36-unit multifamily development or 22 for-sale townhomes. This ± 0.83 acre site is currently zoned SPI-11, SA-8; Vine City and Ashby Station Special District.

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