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2348 Hosea L Williams Dr NE - East Lake Corners Development Opportunity 0.46 Acres of Commercial Land Offered at $2,491,200 CAD in Atlanta, GA 30317

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Executive Summary

City Realty Advisors, LLC presents a rare fully-zoned to-be-built, 3-story, 24-unit multifamily development opportunity in the heart of East Lake Corners. Future residents will be in the heart of a highly desirable residential community with walking distance to East Lake’s ‘Front Porch’ of restaurants, bars, shops, and parks. Directly adjacent to LaFonda, Perc Coffee, Kirkwood Pediatrics, Gene’s, Poor Hendrix, and the future Switchyards. Minutes from East Lake Golf Club, Drew Charter School, Oakhurst Village, and Downtown Decatur, all while surrounded by highly desirable single-family neighborhoods creating strong barriers to entry for competing projects. The site has nearby access to I-20 and surrounding neighborhoods including Kirkwood, East Atlanta, Oakhurst, Decatur, and Reynoldstown.

Hosea Williams Site Plan and Design Package

Property Facts

Price	$2,491,200 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units - Condo
No. Lots	1	Total Lot Size	0.46 AC
Property Type	Land
Zoning	C-1 - (Community Business District)

Price	$2,491,200 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units - Condo
Total Lot Size	0.46 AC
Zoning	C-1 - (Community Business District)

1 Lot Available

Lot

Price	$2,491,200 CAD	Lot Size	0.46 AC
Price Per AC	$5,426,374.94 CAD

Price	$2,491,200 CAD
Price Per AC	$5,426,374.94 CAD
Lot Size	0.46 AC

Description

-24-Unit multifamily development opportunity in the heart of East Lake Corners. -Recently rezoned site from R-4 to C-1 (Community Business District), creating an extremely rare “missing middle” apartment development site in heart of a high-income, single-family neighborhood and adjacent retail node. - This location exhibits extremely strong multifamily demand given the lack of developable sites in the area and the very low number of existing multifamily projects. -Average household Income within 1-mile radius: $183,133 -Average house value within 1-mile radius: $702,568 -Median age within a 1-mile radius: 37

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