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    FOR SALE
    Day care centers

    514 Mcdonough Blvd SE, Atlanta, GA 30315

    1,419 SF 1.6 ac lot Built 1924
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US22-0797322
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Day care centers
    Use group DAY CARE, PRE-SCHOOL
    Year built 1924
    Construction WOOD
    Total area 1,419 SF
    Lot 1.6 ac (69,696 SF)
    Zoning code C2
    APN 14 004100100620
    UPID US22-0797322
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kimmies Kare Land High School Daycare Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.43M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.53M
    Owner & transaction history
    Chosewood Heights Qozb LLC · 2 yrs held
    Chosewood Heights Qozb LLC
    since 2023
    Last sale
    $1.7M
    4 recorded transactions
    2025
    2023
    2023
    $875,000
    2023
    Zoning & alternative use
    C2 · Atlanta, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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