2667 Donald Lee Hollowell Parkway

Description

Please DO NOT disturb tenants, showings arranged via appointment. Two building commercial property for sale. Building # 1 has 3 retail spaces with stable tenants. Building # 2 is renovated automotive space with 4-bay garage. Situated on a half acre parcel, this strategically located commercial property offers exceptional investment and future redevelopment potential. The site features two commercial buildings, including a 2,700 SF retail structure with three occupied spaces providing immediate income, and a 2,900 SF vacant automotive building. Zoned MRC-2, the property is well-positioned to capitalize on strong growth momentum. MRC-2 zoning (Mixed Residential and Commercial) allows a maximum of 3.149 FAR including up to 38,000 SF residential and 64,000 non residential, depending upon use and parking requirements. Located across from the historic Collier Heights neighborhood, and near ongoing redevelopment in Carey Park and Almond Park, the site is directly adjacent to the $64 million Bowen Homes Redevelopment Site and major activity at the Jackson Parkway and Hamilton Holmes intersection. The entire Hollowell Parkway corridor is poised for redevelopment. Microsoft’s future campus at Grove Park lies along the corridor, incorporating the redevelopment of the Bankhead MARTA station into the “Hollowell Innovation District” mixed-use lifestyle center. At the east end of DLH is the tech jewel of Georgia Tech, only 4.9 miles away. The site is 5.3 miles from the Mercedes Benz Stadium, and the burgeoning West Midtown area at Howell Mill Road and 14th Street is only 5 miles away. Atlantic Station is 5.9 miles away. The property also benefits from proximity to lifestyle amenities, including the Proctor Creek Trail just 1.3 miles away, and the future Atlanta RiverLands Park and Trail adjoining the Chattahochee River is 2.9 miles away. Atlanta’s largest greenspace, Shirley Clarke Franklin Park (fka Westside Park) and its developing world-class Bike Park, is 2.6 miles away.