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    1651 Phoenix Blvd College Park, GA 30349

    Sponsored
    For Sale
    $6,000,000

    12-building office park, high-traffic location.

    Property size:
    101,512 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents 10.281 acres of commercial land in College Park, Georgia, encompassing a 12-building office park totaling 101,512 square feet. Currently operating at 29% occupancy, this property offers significant upside potential through lease-up of the existing 14 units. Strategically located on Phoenix Blvd, the park enjoys direct frontage on I-285, boasting 178,000 daily vehicle passes, and provides easy access to I-85 and I-75. Its proximity to Hartsfield-Jackson Atlanta International Airport further enhances its desirability. The property is zoned BP (Business Park) and includes all utilities, simplifying redevelopment. While currently configured as single-story office buildings, the site's exceptional location and access make it ideal for conversion to industrial or distribution uses. Note that several buildings require capital improvements, including roof repairs and renovations to building 1591 following a fire. The asking price is $6,000,000. This unique offering presents a compelling covered land play with substantial long-term growth potential. The property has been owned by the same family for decades and is now available for purchase for the first time.

    Property Features for 1651 Phoenix Blvd

    General Information

    Property type
    Land
    Square Feet
    101,512 SF
    Class
    C
    Lot Size
    447,840 SF

    Building Details

    Units
    14

    HighLights

    • Over 10 contiguous acres across from Hartsfield‑Jackson Atlanta International Airport.
    • 12 single‑story office buildings, 32% occupied.
    • Significant leasing upside potential in existing office space.
    • Ideal for industrial or distribution development; excellent highway and airport cargo access.
    • High‑visibility signage opportunity on I‑285 (178,000 VPD).
    • Rare offering; family‑owned for decades, never before on the market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lisa Andrews, MA Counselor Snook Steven Psychologist Caresify Social Services Organization Emma’s place Non-Profit Organization USDA specialty crops ... Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    College Park
    County
    Clayton
    State
    Georgia
    Longitude
    -84.4435633
    Latitude
    33.6155055

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    FAQs

    What type of property is this?
    Land - 12-building office park, high-traffic location.
    Where is this land located?
    The property is located at 1651 Phoenix Blvd College Park, GA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Over 10 contiguous acres across from Hartsfield-Jackson Atlanta International Airport.; 12 single-story office buildings, 32% occupied.; Significant leasing upside potential in existing office space.
    (404) 812-8927
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1651 Phoenix Blvd College Park, GA 30349
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