INVESTOR'S SPECIAL Dream investment opportunity in Summerhill/Peoplestown! Less than a 2 minute walk to the new planned development at Turner Field! Very likely the LAST deal of its kind for this area! Gigantic 9,500 square foot lot in beautiful, quite, up and coming, neighborhood with gorgeous newer built houses all around! Largest vacant lot in the area! Can possibly be split into multiple lots for future development! Atlanta's 11 Alive News reports "Georgia State University has purchased Turner Field. Sale Price: $30,000,000. Close Date: 12-31-2016." Watch the video for detailed information on the Turner Field renovation and the HUGE impact it will have on the surrounding residential areas: This lot is literally one block from this new development! Less than a two minute walk to the new planned community. The downtown university and real estate partners Carter and Oakwood Development plan to convert Turner Field into a new football stadium for the Georgia State University Panthers and transform surrounding parking lots into an ultra-modern mixed-use community. The development plan, which also includes student housing, apartments, single-family homes, classroom space, a grocery store and a Panthers baseball field, ranks among the largest redevelopment projects in the city south of I-20. LOCATION LOCATION LOCATION: with the Beltline to the South, Grant Park to the East and the Turner Field development just one block to the west, there is ONLY upside potential to this investment! 1,920 square foot lot right across the street (774 Reed St SE) just sold for $26,000 a few weeks ago 09-16-2016! That breaks down to $13.54 per square foot! If you do the price per square foot math, this 9,500 square foot lot is worth over $128,000! Buy this lot now at a $28,000 discount! The only two other nearby vacant lots currently for sale on the MLS are 131 South Ave SE priced at $89,900 and 860 Martin St SE priced at $95,000! Both of these lots are less than half the size of 767 Reed St SE! 131 South Ave SE is 4,356 square feet and 860 Martin St SE is 5,009 square feet! Neither of these lots are anywhere near as close to the new Turner Field development! See pics! Your Cash Price: Just $99,900! Again, if you do the price per square foot math, this lot is priced over 50% off of the other lots for sale in the area! This giant 9,500 square foot lot has frontage on two separate parts of Reed St SE! Split this lot into multiple lots for future development! Build a home(s) centrally located just one block from the new Turner Field development or just buy and hold (with $28,000 equity built in) and watch the prices rise drastically! University President Mark Becker said "the Turner Field project will be transformational for the surrounding neighborhoods"! Atlanta Mayor Kasim Reed, Georgia State President Mark Becker, Carter President Scott Taylor and Atlanta Fulton County Recreation Authority Chief Keisha Lance Bottoms made the deal official at a press conference the morning of August 18th 2016. See the video here: here: Call me (Nelson) for more information and/or to make an offer today while it is still available!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
