5888 New Peachtree Rd - High-Density Multifamily & Mixed-Use Site
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5888 New Peachtree Rd - High-Density Multifamily & Mixed-Use Site
2.7 Acres of Commercial Land Offered at $4,800,000 in Doraville, GA 30340
Investment Highlights
- Located within Doraville TAD - Tax Allocated District
- Located in Downtown Doraville new Town Center redevelopment master plan
- TOD District increases density
- Flat Topography - All utilities on site. Unencumbered by tenants/leases.
- Zoned T-5 Urban Center
- New Market Tax Credits Possible. High Priority Investment Area .
Executive Summary
Opportunity to build up to ±239 residential apartments plus ±3,400 square feet of retail within immediate proximity of the Doraville Marta Train Station and the recently announced 13-acre Doraville Town Center redevelopment project.
Property Facts Under Contract
| Price | $4,800,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 2.70 AC |
| Price | $4,800,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 2.70 AC |
1 Lot Available
Lot
| Price | $4,800,000 | Lot Size | 2.70 AC |
| Price Per AC | $1,777,777.78 |
| Price | $4,800,000 |
| Price Per AC | $1,777,777.78 |
| Lot Size | 2.70 AC |
High-Density Multifamily & Mixed-Use Site | Downtown Doraville | ±2.7 Acres
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $595,309 | |
| Land Assessment | $204,706 | Total Assessment | $800,015 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$204,706
Improvements Assessment
$595,309
Total Assessment
$800,015
zoning
| Zoning Code | T5 (T5 (Urban Center) part of TOD & Downtown Doraville Overlay District which allows for up to 100 unites per acre of multi-family development and retail.) |
| T5 (T5 (Urban Center) part of TOD & Downtown Doraville Overlay District which allows for up to 100 unites per acre of multi-family development and retail.) |
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5888 New Peachtree Rd - High-Density Multifamily & Mixed-Use Site
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