2950 Old Alabama Rd, Alpharetta, GA 30022-8595
This ±6.39-acre site in Alpharetta, Georgia, presents a unique redevelopment opportunity. Currently occupied by an assisted living facility, the property is zoned OI and ideally positioned for a luxury residential subdivision, aligning with the Johns Creek future land use plan designating it as Commercial/Multifamily. Located at 2950 Old Alabama Rd, 30022, this Fulton County property boasts convenient access to major thoroughfares like Holcomb Bridge Road and GA State Route 400. The area offers exceptional amenities, including proximity to high-quality shopping, dining, and hotels. Residents will enjoy nearby parks such as the Roswell Greenway and Big Creek Park (less than 2.5 miles away). The site benefits from its location within highly sought-after neighborhoods and is surrounded by excellent schools, including Mount Pisgah Christian School, Centennial High School, Haynes Bridge Middle School, and Northwood Elementary. The affluent community boasts a high average household income, exceeding $186,000 within a 3-mile radius and $170,000 within a 5-mile radius. This prime location makes it an attractive investment for developers seeking to capitalize on the area's strong demographics and desirable lifestyle. The property's size and location offer significant potential for a high-value development project.
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Ivey Ridge Senior Living Nursing Home Retirement Community
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OIC · Alpharetta, GAAlpharetta. Always verify with local authorities before improvements.
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.