An Inclusive Mixed-Use Destination for Atlanta’s Eastside

Rare three-parcel redevelopment assemblage at 678, 686 & 690 Memorial Dr SE. Extensive predevelopment work has already been completed, including architectural concepts, site and zoning analysis, mixed-use development studies, 3D modeling, community/HPLU review, construction feasibility analysis, preliminary budgeting and scheduling. Previous concepts explored retail/commercial, multifamily, townhomes, community-oriented space and structured parking. Planning documents identify HC-20A SA5/BeltLine Overlay zoning. Excellent opportunity for a developer, investor or owner-user to build upon substantial work already completed and create a signature intown Atlanta project. All three parcels offered together. Plans and available due-diligence materials available to qualified buyers. All concepts are preliminary and subject to independent verification, zoning, permitting, variances and governmental approvals.

678/686/690 Memorial Drive SE

Atlanta, GA 30312

$1,600,000

Lot 0.46 acres

MLS: 10819269

Property Tax: $4,052/year

Amenities

Redevelopment Opportunity

Mixed-Use Development Potential

City Lot

BeltLine Overlay

Structured Parking

Architectural Concepts Completed

Zoning Analysis Completed

3D Modeling

Feasibility Analysis

Predevelopment Work Completed

Purchase Options

OPTION 1 — PURCHASE THE COMPLETE THREE-PARCEL ASSEMBLAGE

Purchase Price: $1,600,000

Purchase 678, 686 and 690 Memorial Drive SE together as one contiguous assemblage. This option provides the purchaser with control of the entire site and the greatest flexibility to pursue redevelopment of the property as a unified project.

Previous architectural studies have demonstrated the potential of the combined site. One concept studied 9,660 SF of retail, 20 multifamily units totaling approximately 21,050 residential SF, and 39 parking spaces. Other concepts evaluated combinations of retail, multifamily residences, townhomes, a community/autism center and structured parking.

Paryani Construction has also completed substantial preliminary construction analysis for a mixed-use redevelopment, including a progressive design-build strategy, construction methodology, preliminary budget and project schedule.

OPTION 2 — PURCHASE PARCELS INDIVIDUALLY

Purchase Price: $660,000 per offered parcel

As an alternative to purchasing the complete assemblage, Seller is willing to consider the sale of selected parcels individually. This option is particularly intended for a purchaser interested in either the parcel containing the existing building or the far-right/eastern parcel, without acquiring the entire three-parcel assemblage.

Any individual parcel sale would be subject to mutually acceptable terms, identification of the specific parcel being purchased, due diligence and execution of a definitive purchase and sale agreement.

Survey

Zoning Information

HC-20A SA5
LANDUSE: Medium-Density Residential
Beltline Overlay

Multifamily: Allowed for 75% of building
4,000 sf max: bakeries, restaurants, coffee shop, bar, boutiques, personal service shops
10,000 sf max: clubs and lodges, museums, non-profil cultural facitlity, offices, professional service establishments
Short term rentals with special permits

Building Heights:
Minimum: 18 feet
Maximum:

0-50 feet from subarea 3 boundary = 28 feet
51-150 feet from subarea 3 = 35 feet
> 150 feet from subarea 3 = 52 feet

Mezzanines and lofts = story
Transitional height plane when adjacent to subarea 3
Transitional yards when adjacent to residential: 20 feet, shall not be used for parking, paving, or loading
Lot coverage: 80%
Front yard: 20-30 feet from curb
SIde yard: 15-30 feet from curb
Per Beltline: parking garages shall have active use (20ft residential/10ft commercial)

Off-street parking requirements: