Current Use by Public Records
- Specialty properties
Property Details for 13250 Birmingham Hwy
- Year built
- 1980
- Lot size
- 23.17 lot acres
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional 23.165-acre property in Alpharetta, Georgia, presents a unique redevelopment opportunity. Located at 13250 Birmingham Hwy, it features four existing structures, including a historically significant farmhouse meticulously restored in 1998, a log cabin, and other outbuildings. The property boasts a spring-fed creek, a well, and beautiful hardwoods on gently rolling terrain. With a permitted AG-1 zoning, the land offers significant potential for various development projects, including residential subdivisions or a family compound. The existing structures could be incorporated into a new development, donated for community benefit, or sold separately. The property's rich history, documented in various publications including Southern Living and Better Homes & Gardens, adds to its unique appeal. The current Net Operating Income (NOI) is $35,709, with four units, 50% occupancy, and leases expiring December 31, 2024. The total net rentable square footage is 4,118 sq ft, with individual unit sizes ranging from 672 to 2,391 sq ft. The property also includes substantial air rights (1,007,760 sq ft). This offering represents a rare chance to acquire a significant land parcel in a desirable Alpharetta location. The seller is open to selling the property with or without the existing structures. Seven lots are available with a minor plat process underway. This is an exceptional opportunity for investors seeking a high-potential redevelopment project in a prime location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alpharetta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3417
- Latitude
- 34.1038
