|Price/Rent PSF||$ 3,400,000.00|
Located Unincorporated Dekalb County (Avondale Estates PO Box), an eastern suburb of Atlanta conveniently located off
Interstate 285. Property just off Decatur Rd.
285S Exit 41 onto GA 10 W, Turn Right onto Northern Avenue, Property on Left
The property represents an excellent opportunity for an investor to acquire a development tract just minutes east of downtown Atlanta off Interstate 285. 2 parcels 11.6 +/- acres
Tax Map shows a lake that no longer exists on the property.
In Avondale Estates, more than a quarter of homes sold for over asking price last year, with median sales clocking in at $412,000—an annual jump of more than 13 percent.
99 percent average sale-to-list price last year, Avondale Estates (population roughly 3,000) reigned as the region’s most competitive market (Atlanta Agent Magazine) The second most competitive market was Decatur, where average days on market ( 39 days) was the region’s lowest( Redfin)
As of November 2018, Property is in the Scottsdale overlay district: Tier One: https://www.dekalbcountyga.gov/sites/default/files/user317/Scottdale%20Overlay.pdf