Apartment & Townhome Development Site in Opportunity Zone | ±0.97 Acres | Sylvan Hills

23 Scott St SW Atlanta, GA 30315

23 Scott St SW, Atlanta, GA, 30315
23 Scott St SW, Atlanta, GA, 30315 23 Scott St SW, Atlanta, GA, 30315 23 Scott St SW, Atlanta, GA, 30315 23 Scott St SW, Atlanta, GA, 30315 23 Scott St SW, Atlanta, GA, 30315 23 Scott St SW, Atlanta, GA, 30315 23 Scott St SW, Atlanta, GA, 30315
FOR SALE
Property Type:
Residential Land Development
Amount:
$600,000
Last Verified:
Jul 25, 2024

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Highlights

  • ±0.97-acre residential development site in Sylvan Hills
  • Plans call for up to 40 multifamily units or 9 townhomes
  • Located on quiet residential street
  • Zoned RG-3
  • Qualified Opportunity Zone | Metropolitan Tax Allocation District
  • Centrally located site with quick access to I-75/85
  • 4 Minute drive to Southside BeltLine
  • 6 Minute drive to Hapeville
  • 9 Minute drive to Downtown Atlanta
  • 9 Minute drive to Hartsfield-Jackson International Airport

Description

Apartment & Townhome Development Site in Opportunity Zone | ±0.97 Acres | Sylvan Hills

23 Scott Street SW, Atlanta, GA 30315

Lot Size: 0.97 acres


Documents

Offering Memorandum
Proposed Affordable Housing Plan

Map of 23 Scott St SW, Atlanta, GA, 30315

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.