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    Future Multifamily/Commercial Development Opportunity Title is generated by Realmo AI

    2685 Campbellton Rd SW, Atlanta, GA 30311

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    5.68 acre site approved for mixed-use development.

    Type:Multifamily, Mixed Use, Land, Senior Living
    Property size:
    16,200 SF
    Lot size:
    5.68 Acres
    Price / SF:
    $129/SF
    Added:
    Oct 2, 2021
    Days on Market:
    1741
    Last Refresh:
    Jun 28 at 4:17 pm

    Property Features for 2685 Campbellton Rd SW

    General Information

    Standard status
    Active
    Size
    16,200 SF
    Lot size
    5.68 Acres
    Property subtype
    Multifamily, Mixed Use, Land, Senior Living

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    Douglas Calderwood
    Douglas Calderwood

    Listing office New South Realty Associates

    Listing date Oct 2, 2021

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of New South Realty Associates

    HighLights

    • Approved for a 3‑story apartment building featuring 56 units above 16,200 SF of first‑floor retail space.
    • Zoned MRC‑2‑C and rezoned 5/1/23 under Application Z‑23‑10.
    • Located in the Campbellton Road Tax Allocation District (TAD) & in City of Atlanta Commercial Development Incentives District (CDIA).
    • Situated on a 5.68± Acre property with 442’ frontage on Campbellton Road SW & 292’ on Dodson Dr SW.
    • Multiple Ingress/Egress curb cuts off Campbellton Road & Dodson Dr SW with access at signalized intersection.
    • Located In HUD Qualified Census Tract (QCT) For LIHTC Redevelopment.

    Overview

    This 5.68-acre property is designated for future multifamily or commercial development. It features approximately 442 feet of frontage on Campbellton Road SW and 292 feet on Dodson Dr SW. The site is zoned MRC-2-C (Mixed Residential Commercial Conditional / Campbellton Road Overlay) within the City of Atlanta. Rezoning was approved on May 1, 2023, under application Z-23-10, as approved by City of Atlanta Ordinance 23-0-1161. The approved plan allows for a 3-story apartment building with 56 units above 16,200 square feet of first-floor retail space. The property benefits from multiple ingress and egress curb cuts on both Campbellton Road and Dodson Dr SW, including access at a signalized intersection. It is located within the Campbellton Road Tax Allocation District (TAD) and the City of Atlanta Commercial Development Incentives District (CDIA). Additionally, the property is situated in a HUD Qualified Census Tract (QCT) suitable for LIHTC redevelopment. The land is level and cleared, requiring limited City of Atlanta tree recompense. Approximately 8,230 vehicles per day travel on Campbellton Road SW in front of the property. A MARTA (Metropolitan Atlanta Rapid Transit Authority) bus stop is conveniently located at the property.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $291.6k $18.00
    − Vacancy −$21.9k −$1.35
    EGI $269.7k $16.65
    − OpEx −$80.9k −$5.00
    NOI $188.8k $11.66
    16,200 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.70M
    $2.36M – $3.15M (±1% cap)
    NOI $188,811 @ 7.0% cap · market cap 8.99%
    Second Best
    Apartment 5plus
    $2.55M
    $2.23M – $2.98M (±1% cap)
    NOI $178,690 @ 7.0% cap · market cap 8.51%
    Theoretical Best
    Office A
    $4.53M
    $3.96M – $5.28M (±1% cap)
    NOI $316,996 @ 7.0% cap · market cap 15.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Dental Office Law Firm Big Box & Wholesale Store Restaurant Pharmacy Furniture & Home Goods HVAC Service Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.4765939
    Latitude
    33.7026681

    FAQs

    What type of property is this?
    Commercial land - 5.68 acre site approved for mixed-use development.
    Where is this commercial land located?
    The property is located at 2685 Campbellton Rd SW Atlanta, GA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Approved for a 3‑story apartment building featuring 56 units above 16,200 SF of first‑floor retail space.; Zoned MRC‑2‑C and rezoned 5/1/23 under Application Z‑23‑10.; Located in the Campbellton Road Tax Allocation District (TAD) & in City of Atlanta Commercial Development Incentives District (CDIA).
    (404) 487-8429 Call to check price and availability
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