Absolute $1 Auction, Atlanta Msa

Land Description

Absolute Auction

1 Acre | Ellenwood, Ga

Investment Highlights:

• No Reserve.

• Dense Retail Corridor-Nearby Tenants include Home Depot, Kroger, McDonald's, Walgreens, Cvs, AutoZone, Snap Fitness, Family Dollar, Zaxby's and Various Other National Retailers

• Curb Cut on E. Atlanta Road and Driveway Already Built Out

• Great Demographics-Population of ±124,937 with an Annual Household Income of within a Five-Mile Radius

Offering Details:

CBRE and are pleased to present a ±1 Acre undeveloped land parcel located at E Atlanta Rd and West Panola Rd (the “Property”) in Stockbridge, GA within the Atlanta Msa. This Property offers an exceptional investment opportunity via development and first bid meets reserve.

The Property, identified as parcel 0025-04, is positioned adjacent to AutoZone and directly across from a large neighborhood center with traffic-generating tenants. The Property offers 242' on E Atlanta Rd with one curb cut and available infrastructure including curb/gutter/sidewalk, electricity, gas, sewer, streets, and water. This Property offers potential investors the ability to acquire raw land with significant value-add through development and long term lease-up. The Property is zoned C-3, Commercial, which allows for a variety of commercial/retail uses.

Stockbridge, GA is part of the Atlanta MSA and is just 20-miles (30-Minute drive) from downtown Atlanta. The Property is strategically positioned in a retail/commercial corridor with dense residential nearby. There are several national retailers and QSRs in the immediate area including Kroger, Home Depot, Snap Fitness, Napa Auto Parts, Walgreens, McDonald's, Gnc, Zaxby's, DQ, Family Dollar, Papa Johns, Cvs, and Ingles to name a few. The Property is also positioned near local demand generators and proximate to Clayton State University (±10 minutes) in addition to several residential communities including Autumn Chase, Colonial Coash Estate, and Ash Manor. The Property is positioned next to the high traffic intersection of Fairview Road and E Atlanta Rd (±13,556 Vpd) and just ±3 miles from I-675 and ±10 minutes from I-75. The Property's location near both I-675 and I-75 offers excellent accessibility to the broader area and provides the necessary access to more regional destinations throughout the area, while the immediate area's retailers provide the necessary drawing power for the property. The Property also benefits from extremely dense and compelling demographics and has a population of ±124,937 with an annual household income of within a five-mile radius (2018).