Redevelopment or Education/Religious Site | Bank Owned | ±23.8 Acres | East Point - Atlanta MSA

Opportunity to acquire ±23.8 acres for a townhouse development or for a religious or educational campus in East Point, an Atlanta-bedroom community. The (E-I) Educational-Institutional zoning allows townhomes, schools, religious facilities, day care and other public and private institutional uses. Additional uses may be allowed by special permit including medical, assisted living, senior housing and certain quasi-commercial uses tied to institutions. The site was a former educational campus with ten structures (±102,900 SF). Three of the buildings, (±35,383 SF) former dormitories and four buildings with 18 multifamily units (±19,184 SF) need to be demolished or have extensive renovations. While the pricing guidance is based on the land value less demolition costs, there are three possibly usable buildings (±48,333 SF). An office classroom building, a library building and a gymnasium.