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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$2,499,000

Est. payment - /mo

6.02 Acres Lot

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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 10738908

HOA Y/N No

Year Built 2026

Annual Tax Amount $1,848

Tax Year 24

Lot Size 6.021 Acres

Acres 6.021

Lot Dimensions 6.021

Property Sub-Type Commercial

Source Georgia MLS 2

Property Description

A rare, high-upside multifamily development opportunity located in the heart of East Point, GA, within the Atlanta Metropolitan Area. This offering includes four parcels totaling approximately 7.7 acres, featuring a 6.02-acre primary development site along with an additional 1.7-acre parcel positioned for future expansion. The property is currently planned for 138 residential units across two buildings, providing a clear path to immediate development. Building A consists of 70 units and Building B consists of 68 units, supported by a well-balanced parking layout. The existing site plan allows a developer to move forward efficiently while maintaining flexibility to enhance the overall design. A key value driver is the ability to increase density beyond the current plan, with a portion of the site-located west of Building B-offering a clear opportunity to scale the project to approximately 160-200+ units through thoughtful architectural optimization. Additionally, the 1.7-acre parcel across the street presents a compelling Phase II opportunity, further expanding the long-term development potential. The property has been rezoned to MI, which supports a range of residential uses including multifamily, senior housing, and assisted living, providing flexibility for a variety of development strategies. Infrastructure risk has been significantly reduced, with sewer access secured via an existing right-of-way. A portion of the northwest corner lies within a floodplain, however, the primary development footprint is positioned outside of this area, allowing it to be utilized for stormwater management or amenity space without impacting the core project. Strategically located just minutes from Hartsfield-Jackson Atlanta International Airport with convenient access to I-285 and I-85, the site benefits from strong surrounding employment drivers and sustained demand for workforce and multifamily housing. This is a scalable, well-positioned development opportunity with immediate execution potential and significant long-term upside in one of Atlanta's most active growth corridors.

Location

State GA

County Fulton

Zoning MI

Rooms

Bedroom Description No

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features Other, Parking Lot

Utilities Available None

View Y/N No

Garage No

Private Pool No

Building

Lot Description Near Public Transit

Faces I-85 South to Virginia Ave, Turn Left on Virginia Ave. Turn Left on Bobby Brown Pkwy & Norman Berry Dr to destination. Use 2840 Norman Berry Dr in GPS. Property is one lot north of 2840 Norman Berry Dr

Sewer Public Sewer

Water Public

Structure Type Other

New Construction No

Others

Tax ID 14 0125 LL0200

Acceptable Financing Cash, Conventional, Land Bank Loan

Listing Terms Cash, Conventional, Land Bank Loan

Special Listing Condition Resale

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

0 Norman Berry DR East Point, GA 30344

Naveen Sharma

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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0 Norman Berry DR