1720 Washington Road, East Point, GA 30344

East Point
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
1720 Washington Road,East Point, GA 30344
$2,000,000
  • 1.97 Acres
  • Lots / Land
  • Active
Listed by: alisha houston
Office: weichert, realtors - the collective
MLS#:7225902
Source:FIRSTMLS

Price summary

  • Price:$2,000,000

About this home

Why enter another bidding war on a value-add MF development? Move Quickly to secure nearly 2 full acres in Downtown East Point. Parcel is flanked on 3 sides by major roads in the heart of Downtown – zoned as of right for MultiFamily and Mixed Use. Just 3 blocks from the East Point MARTA station, across Church Street from popular Resurgence Hall Charter School, this parcel is fully entitled! A Brand New Downtown Overlay District Zoning was codified in 2021 that allows up to 5 stories of MF or Mixed Use Units to be built as-of-right. Current structure must be demolished (cost of demo = approx. $40k). Sale comes with full entitlements, survey, Phase 1 & 2 Environmentals, Soil Survey ; all the time-consuming due diligence is already done. Just get LDP/Site Plan/Building Permits approved and get busy converting this teardown into your desired new construction preferred use. Tri Cities is BOOMING – home values are up 22.4% in last 12 months vs +11.7% in FulCo and -0.7% in Metro ATL. 70 Walk

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Home facts

  • Year built:1955
  • Listing ID #:7225902
  • Updated:December 18, 2023 at 11:40 PM

Structure and exterior

  • Year built:1955
  • Lot area:1.97 Acres

Schools

  • High school:Tri-Cities
  • Middle school:Paul D. West
  • Elementary school:Conley Hills

Finances and disclosures

  • Price:$2,000,000
  • Tax amount:$8,241 (2022)
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