Atlanta Senior Housing Developable Land, Southeast Region

Property Description

Atlanta Senior Housing Developable Land

8.7 acres located in Atlanta MSA.

The owner had a Senior Housing group look at purchasing the property a while back, but they ended up passing.

See the attached rendering for their proposed use of the land.

The owner owns a RaceTrac Gas station that is in front of this piece of land, and it has about 35 years of lease and options (very high performing store).

There is a Wendy’s being developed next door (SW side).

The City is very much in favor of Senior Housing, and this is a very high growth area.

There is a total of 8.7 acres, but there is a very small creek bed on a portion of the property. A developer could avoid that area and build about 70 units, they could pipe 300 feet of the stream (IAW Federal regulations) and gain more units, or they could do abatement with the City to gain usage of the full property (this would need to be explored cost vs. return). At a minimum the un-developable portion makes for a fantastic green space for the tenants of the Senior Housing complex, and actually makes it a very attractive piece — dog park, walking trails, etc. It is completed wooded / forested at the moment.

This is Off-Market and it has not been marketed yet — but will be soon.

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Senior Housing Properties For Sale

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