2348 Hosea L Williams Dr NE - East Lake Corners Development Opportunity
0.46 Acres of Commercial Land Offered at $2,651,531 CAD in Atlanta, GA 30317
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.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,651,531 CAD |
| Price Per AC | $5,775,610.79 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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ZONING
| Zoning Code | C-1 ((Community Business District)) |
