Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Nursing Home Retirement Community
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OIC · Alpharetta, GAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for OIC in Alpharetta, GA.
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