Johns Creek Redevelopment Site | ±6.389 Acres

2950 Old Alabama Rd Alpharetta, GA 30022

2950 Old Alabama Rd, Alpharetta, GA, 30022
2950 Old Alabama Rd, Alpharetta, GA, 30022 2950 Old Alabama Rd, Alpharetta, GA, 30022 2950 Old Alabama Rd, Alpharetta, GA, 30022 2950 Old Alabama Rd, Alpharetta, GA, 30022 2950 Old Alabama Rd, Alpharetta, GA, 30022
FOR SALE
Property Type:
Residential Land Development
Amount:
Please Call Broker for Price

Last Verified:
Oct 10, 2024

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Highlights

  • The Property benefits from its access to major thoroughfares including Holcomb Bridge Road and Georgia State Route 400.
  • Surrounded by high-quality shopping, dining and hotels within the immediate area
  • Situated amongst highly sought after neighborhoods and residential areas
  • The Roswell Greenway and Big Creek Park are less than 2.5 miles from the Property
  • The Property is strategically located in a high-growth, affluent and well-educated area
  • Average household income within a 3-mile radius is $186K and 5-mile is $17

Description

Bull Realty, Inc., as exclusive broker, is proud to offer a premier redevelopment site in Johns Creek, Georgia. The property offers easy access to shopping, parks and great schools including Mount Pisgah Christian School, Centennial High School, Haynes Bridge Middle School, and Northwood Elementary.

The ±6.389 acre site is currently occupied by an assisted living facility, but is primed to be rezoned for a new luxury residential subdivision. The property is categorized as Commercial / Multifamily in the Johns Creek future land use plan.

Alpharetta, GA


Year Built: 1998
Building Size: 57110sq ft
Building Class: A
Lot Size: 6.39 acres


Documents

Offering Memorandum

Map of 2950 Old Alabama Rd, Alpharetta, GA, 30022

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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.