Property profile

3550 N Desert Dr East Point, GA 30344

FOR SALE
Commercial land
Property ID
US22-3939339
0.77 ac lot
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Exceptional opportunity to develop a 110-room hotel on a 1.76-acre site in East Point, Georgia, just four miles from Hartsfield-Jackson Atlanta International Airport. This prime location boasts high traffic counts due to its proximity to I-285 and Camp Creek Parkway, a major roadway leading directly to the airport. The property, situated at the corner of North Desert Drive and Camp Creek Parkway, offers excellent visibility from a hilltop position. All necessary approvals are in place, including Fulton County permits and WoodSpring Suites corporate approval for a 48,000-square-foot, four-story hotel. Comprehensive project plans are included in the sale, encompassing site development plans, perc test results, engineering and architectural drawings, and all relevant county approval documents. While initially planned as a WoodSpring Suites, the approvals extend to any hotel brand, providing flexibility and maximizing investment potential. This turnkey opportunity includes the land, complete development plans, permits, and all associated documentation. The seller is highly motivated and actively reviewing offers. Don't miss this chance to capitalize on the thriving Atlanta hospitality market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.77 ac (33,541 SF)
Zoning code C1
APN 14 0225 LL2296
UPID US22-3939339

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3550 N Desert Dr East Point, GA 30344
East Point metro Census 11307 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.50M

Owner & transaction history

since 2020
Last sale
$1.5M
3 recorded transactions
2020
$1.5M
2020
$1.4M
2017
Price N/A

Zoning & alternative use

C1 · East Point, GA
Zoning description

The C1 District is intended to provide those convenient shopping goods and services required by the neighboring residences. Land areas zoned C1 are further intended to provide a transition between medium and moderate den…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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