Hotel Site Ready
3550 N Desert Dr East Point, GA 30344
3550 N Desert Dr, East Point, GA, 30344
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For Sale
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1.76 acre parcel approved for 110 room hotel.
Property Size48,000 SF
Lot Size1.76 Acres
Price / SF$61.46
Days on Market1071
Property Features for 3550 N Desert Dr
General Information
- Standard status
- Active
- Size
- 48,000 SF
- Lot size
- 1.76 Acres
- Property subtype
- Hospitality
Listing Agency
Acme Property Group
Listed by
Zach Rogers · License #GA 359958
Source
Crexi
Added: Aug 12, 2023 Checked: Jul 17 at 2:57 am
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 Acme Property Group
Investment Insights
Based on property information with market context.
This 1.76-acre property is site-ready for a 110-room hotel. Project and site plans have been approved by Fulton County, and the property has received approval from WoodSpring Suites corporate. The current proposed WoodSpring Suite plans are for a 4-floor mid-rise hotel sized at approximately 48,000 square feet, which will include WoodSpring amenities. The property has immediate access to the 285 Atlanta perimeter and is approximately 4 miles from the Atlanta - Hartsfield Airport. The crossroad, Camp Creek Parkway is a major roadway that leads directly to the airport. The property sits at the corner of North Desert and Camp Creek Parkway atop a hill, providing maximum visibility. The sale includes the land parcel, all hotel site and development plans, available permits, Fulton County approvals for the project, and WoodSpring Suite documentation pertaining to the hotel site. This has been approved for any hotel brand.
Key Highlights
- Approved site plans for a 110‑room hotel, ready for development.
- Strategic location with immediate access to I‑285 and proximity to Hartsfield‑Jackson Atlanta International Airport.
- High visibility location at the corner of Camp Creek Parkway and North Desert.
Local Financial Insights For Hotel Hospitality
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 | $720.0k | $15.00 |
| − Vacancy | −$324.0k | −$6.75 |
| EGI | $396.0k | $8.25 |
| − OpEx | −$207.9k | −$4.33 |
| NOI | $188.1k | $3.92 |
48,000 SF · lease $15.00/SF/yr · vacancy 45.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.69M
$2.35M – $3.14M
NOI $188,100 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.42M
$11.74M – $15.65M
NOI $939,249 @ 7.0% cap · market cap 31.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
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FAQs
What type of property is this?
Hotel - 1.76 acre parcel approved for 110 room hotel.
Where is this hotel located?
The property is located at 3550 N Desert Dr East Point, GA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approved site plans for a 110‑room hotel, ready for development.; Strategic location with immediate access to I‑285 and proximity to Hartsfield‑Jackson Atlanta International Airport.; High visibility location at the corner of Camp Creek Parkway and North Desert.
