0 Connell Ave Atlanta, GA 30315
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.