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Property profile & analytics
OFF-MARKET
Land

0 Connell Ave Atlanta, GA 30315

6.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 6.5-acre parcel presents a remarkable opportunity for multifamily development in Atlanta, Georgia. Located near Downtown Atlanta on Connell Ave SW in Fulton County (zip code 30315), this property is zoned MR3, allowing for high-density residential construction. The site has already undergone preliminary planning, with engineering plans available to the buyer for a streamlined Land Development Permit (LDP) filing. These plans envision a development comprising approximately 90 condominiums and 30 townhouses, totaling 120 units. The asking price for this strategically located land is $1,750,000. Given its proximity to the city center and the existing site plans, this property offers significant potential for substantial returns on investment. The seller is open to broker co-op arrangements. This is a rare chance to acquire a fully prepared site ready for immediate development in a thriving Atlanta market. Act quickly to secure this prime piece of real estate.

Property profile
Verified
Property type Land
Lot 6.5 ac (283,140 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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