LAND FOR SALE
BELTLINE REDEVELOPMENT SITE 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
PRESENTED BY
Michael D. Reeves, CCIM
404.863.5909 [email protected]
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com FOR SALE
TABLE OF CONTENTS BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
CONTENTS
LOCATION INFORMATION 6
DEMOGRAPHICS 10
CONFIDENTIALITY & DISCLAIMER
All materials and information received or derived from Adams Commercial Real Estate its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.
Neither Adams Commercial Real Estate its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. Adams Commercial Real Estate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Adams Commercial Real Estate makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Adams Commercial Real Estate does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property.
Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Adams Commercial Real Estate in compliance with all applicable fair housing and equal opportunity laws.
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 2 FOR SALE
EXECUTIVE SUMMARY BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
OFFERING SUMMARY PROPERTY OVERVIEW Sale Price: $6,975,000 Rare Opportunity to purchase a BeltLine Redevelopment site in the Grant Park Neighborhood. The stellar location makes for an irreplaceable site in close proximity to some of Atlanta's most unique destinations. Lot Size: 3.5 Acres PROPERTY HIGHLIGHTS • Approximately 3.5 buildable acres Zoning: I1 and R5 • Adjacent to the Beltline Southeast Trail • Intersection of Boulevard SE and the Beltline Market: Atlanta • MRC-3 rezoning encourage by City of Atlanta Planning • Signature location as gateway to Grant Park from the South Submarket: Grant Park • Easy access to I-20 • Beltline Overlay Traffic Count: 7,110 • Approximately 285 ft of frontage on Boulevard • Approximately 350 ft of frontage on the BeltLine Price / SF: $45.75 • Additional acreage from adjoining property available
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 3 FOR SALE
PROPERTY DESCRIPTION BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
LOCATION OVERVIEW
Grant Park, the intown neighborhood surrounding the Park, is one of Atlanta's oldest and most important historic districts, listed on the NRHP. It is bordered by the Cabbagetown neighborhood on the north, Ormewood Park on the east, Boulevard Heights on the southeast, Chosewood Park on the south, and Summerhill and Peoplestown on the west.
It includes the Park, 48 acres or 35 hectares of Oakland Cemetery (established 1850), where Margaret Mitchell, Bobby Jones, 25 former mayors of Atlanta, six former governors of Georgia, and many Civil War dead are buried. It also includes the Atlanta Stockade; Fort Walker; and the 1858 mansion of Lemuel P. Grant, for whom the park and neighborhood were named. The mansion is the second-oldest house still standing on its original location in Atlanta. The Grant Park Neighborhood Association represents local residents.
Together with Inman Park, Grant Park contains the largest remaining area of Victorian architecture in Atlanta. Most buildings were built between the neighborhood's founding in 1882 and the first decades of the 20th century. Large two-story mansions face the park, more modest two-story, modified Queen Anne houses were built on surrounding streets, and one-story Victorian era cottages and Craftsman bungalows were built to the east of the park.
The neighborhood is home to St. Paul United Methodist Church, which for a time in the early 1900s had the largest Methodist congregation in the Southeast, and which continues to be a thriving congregation. St. Paul is well known for its beautiful stained glass windows and an organ that was acquired in 1887. Each December, St. Paul, the Grant Park Cooperative Preschool (which is located on the first floor of St. Paul), and the Grant Park Parent Network host the Grant Park Candlelight Tour of Homes and Artist Market. There is also a Tour of Homes in the autumn sponsored by the Grant Park Neighborhood Association.
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 4 FOR SALE
ADDITIONAL PHOTOS BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 5 LAND FOR SALE
SECTION 1 LOCATION INFORMATION
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com FOR SALE
REGIONAL MAP BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 7 FOR SALE
LOCATION MAPS BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 8 FOR SALE
RETAILER MAP BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 9 LAND FOR SALE
SECTION 2 DEMOGRAPHICS
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com FOR SALE
DEMOGRAPHICS REPORT BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
1 MILE 3 MILES 5 MILES
Total population 11,682 99,784 289,201
Median age 32.4 33.5 33.3
Median age (Male) 31.9 33.1 32.9
Median age (Female) 32.1 33.3 33.3
1 MILE 3 MILES 5 MILES
Total households 4,765 43,597 120,438
Total persons per HH 2.5 2.3 2.4
Average HH income $73,709 $56,476 $66,426
Average house value $224,930 $244,939 $294,474
* Demographic data derived from 2010 US Census
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 11 FOR SALE
DEMOGRAPHICS MAP BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
POPULATION 1 MILE 3 MILES 5 MILES
Total population 11,682 99,784 289,201
Median age 32.4 33.5 33.3
Median age (Male) 31.9 33.1 32.9
Median age (Female) 32.1 33.3 33.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 4,765 43,597 120,438
# of persons per HH 2.5 2.3 2.4
Average HH income $73,709 $56,476 $66,426
Average house value $224,930 $244,939 $294,474
* Demographic data derived from 2010 US Census
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 12 FOR SALE
ADVISOR BIO BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
MICHAEL D. REEVES, CCIM PROFESSIONAL BACKGROUND
Commercial Real Estate Broker Michael Dennis Reeves is an experienced entrepreneur, business operator and developer. As a key partner in three start ups over the last twenty years, he understands the complexity and the critical path of moving businesses forward and the importance of that real estate plays in the growth process.
Embarking on commercial real estate as a second career in 2007, Reeves has become an expert in the intown Atlanta commercial real estate markets. Specifically he has focused geographically within a 5 mile triangle. Anchored on the east side by the Kensington Marta station; and on the west side by the Beltline West side Trail and then south on Lee Street corridor to the Ft McPherson. This area of expertise includes the City of Decatur, the Memorial Drive corridor and West End. Reeves engages client relationships with developers looking for in-town opportunities, with property owners looking for the highest and best use for sale and business owners looking to operate near the city core.
He prides himself on in-depth understanding of the cycles of real estate and knowing where the 458 Cherokee Ave SE market is in that cycle, identifying today’s opportunities and tomorrow values. He has enjoyed being a Atlanta, GA 30312 commercial Realtor at Adams for the last 8 years. T 404.863.5909 [email protected] A graduate in economics from Amherst College, Reeves stared his career as an GE Financial Management Program recruit and graduate in Stamford CT at GE Capital Headquarters, From there he was transferred to Atlanta with GE.
Michael serves on the 2015 Board of Directors of the Georgia CCIM Chapter developing monthly informational programs and networking opportunities centered around the CCIM Institute’s mission. When he is not at the office or touring properties, you may find him walking his two dogs Annie and Gracie on the Freedom Parkway Trail or cycling with his spouse Elaine on the Beltline Eastside Trail. He also is a key Board Member of the Freedom Barkway Dog Park and member of the Inman Park and Old Fourth Ward Neighborhood Associations.
EDUCATION
Amherst College, Amherst, MA B.A., Economics 1980-1984
MEMBERSHIPS & AFFILIATIONS
National Association of REALTORS, Atlanta Commercial Board of REALTORS, Certified Commercial Investment Member (CCIM) Institute, Board Member of the Freedom Barkway Dog Park, and a member of the Inman Park and Old Fourth Ward Neighborhood Associations
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 13