514 Mcdonough Blvd SE, Atlanta, GA 30315
For Sale
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This exceptional 1.84-acre commercial development opportunity is ideally situated in Atlanta's vibrant Beltline Overlay District, at 514 McDonough Boulevard SE. The expansive 400 x 200 corner lot offers unparalleled potential, slightly elevated above McDonough Boulevard for optimal visibility. Currently zoned C-2, the property allows for diverse commercial or residential development. Capitalize on significant tax advantages through the Opportunity Zone designation. Pre-approved plans exist for a 100-unit apartment complex with 100 parking spaces, supplemented by ample side street parking on Park Avenue. Alternatively, plans are also available for a 60-unit townhome development. The property's location within the thriving Chosewood Park neighborhood provides convenient walking access to the Beltline, numerous new shops, and restaurants. Further enhancing its appeal, a new Publix shopping center is planned just two blocks away. Due diligence has been completed, with buildings already demolished and removed, soil tests performed, and all necessary tree removal permits (DDH) obtained. Detailed surveys, apartment site and floor plans, and a 60-townhome site plan are available upon request. This is a truly remarkable opportunity to create a significant development in a rapidly growing area of Atlanta. The 79,998 square foot lot presents a blank canvas for a visionary project.
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Kimmies Kare Land High School Daycare Center
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
C2 · Atlanta, GAAtlanta. 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.