316 Rasbury St Atlanta, GA 30303

Property Details for 316 Rasbury St

Lot size

0.17 lot acres

Property type

Land

Description

This ±0.17-acre commercial land development site in Atlanta, Georgia, presents a unique investment opportunity. Located at 316 Rasbury Street, in Fulton County, zip code 30303, this property boasts a prime location less than a mile from the vibrant Old Fourth Ward, the Atlanta BeltLine, and Krog Street Market. Its proximity to Inman Park and Ponce City Market (less than two miles away) further enhances its desirability. The site benefits from its central position between Sweet Auburn, Old Fourth Ward, the BeltLine, Downtown Atlanta, and Inman Park, providing easy access to a diverse range of amenities and a large potential customer base. The property is zoned HC, making it ideal for a variety of development projects, including townhomes, multifamily dwellings, or mixed-use developments. The high traffic counts of 346,000 vehicles per day on nearby I-85 offer significant visibility and accessibility. Recent improvements include the removal of billboards and cell tower equipment, significantly enhancing the site's development potential. Access to the parcel is available off Auburn Avenue NE. The site also offers potential for creating additional parking for neighboring properties, generating supplemental income. Furthermore, there's a possibility of expanding the square footage by acquiring a portion of Rasbury Street from the City of Atlanta. The asking price is $250,000, with a land value of $33.25 per square foot. Seller financing may be available. The property's APN is 14-0046-0010-205-0 & 14-0046-0010-152-4.