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Offering Memorandum BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES TABLE of CONTENTS

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Offering Memorandum BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES TABLE of CONTENTS Offering Memorandum BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES TABLE OF CONTENTS DISCLAIMER 3 Daniel Latshaw, CCIM, MBA EXECUTIVE SUMMARY 4 Partner, Bull Realty PROPERTY INFORMATION 5 [email protected] LOCATION MAPS 6 404-876-1640 x127 CONCEPTUAL PLANS 7 SURVEY 8 Bull Realty, Inc. ZONING 9 50 Glenlake Parkway, Suite 600 UPCOMING BELTLINE DEVELOPMENTS 11 Atlanta, GA 30328 SALE COMPS 12 BullRealty.com IN THE AREA 13 ABOUT THE AREA 16 TEAM PROFILE 18 CONFIDENTIALITY AGREEMENT 19 Exclusively listed by Bull Realty, Inc. Page 2 of 19 DISCLAIMER BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property. This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made availableto qualified prospective purchasers. In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently all documents. This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement, suitability or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum or making an offer on the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Owner/Seller reserves the right to move forward with an acceptable offer prior to the call for offers deadline. This Offering Memorandum may be used only by parties approved by the Broker. The Property is privately offered, and by accepting this Offering Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied orotherwise reproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. The terms and conditions set forth above apply to this Offering Memorandum in its entirety and all documents, disks and other information provided in connection therewith. Page 3 of 19 EXECUTIVE SUMMARY BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES Aerial Location Conceptual Rendering Bull Realty is pleased to present an opportunity to acquire a rare, nearly 1-acre site just • ± 0.89 acre site with flexible MRC-1C zoning steps away from the completed Westside BeltLine Trail. Given the recent development in • Perfect for new residential, commercial or live/work development the area, this site is ripe for townhome, multifamily, live-work, retail or any number of commercial or residential uses. • Conceptual site plans for 38,700 SF of townhomes / 43 unit apartments • Near Westside BeltLine and WestEnd MARTA Transit Station This MRC-1C zoned ± 0.89 acre site is strategically located between the West End MARTA transit station the BeltLine. This site benefits from ± 404 feet of frontage on popular Lee • ± 404' frontage on Lee Street Street and traffic counts of 11,420 VPD. Neighboring developments like Carter’s “The • Traffic counts of 11,420 VPD on Lee Street MET” and the Murphy Crossing redevelopment site, as well as soaring home prices in • One of the hottest developmental areas in Atlanta adjacent historic West End and Adair Park make for one of the hottest areas for new development in the city. Conceptual drawings suggest the property can accommodate 43 multifamily units of 900 SF per unit, totaling approximately 38,700 SF or 14 single townhomes. PRICE | $675,000 Page 4 of 19 PROPERTY INFORMATION BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES Property Address: 889 Lee Street, Atlanta, GA 30310 County: Fulton Site Size: 0.89 Acres Zoning: MRC-1C Parcel ID: 14-0106-0001-030-0 Proposed Use: Multifamily/Townhomes/Mixed-use Frontage: 404' on Lee Street Traffic Count: 11,420 VPD on Lee Street Sale Price: $675,000 Page 5 of 19 LOCATION MAPS BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES Page 6 of 19 CONCEPTUALCONCEPTUAL TOWNHOMESITE PLANS PLANS POTENTIALBELTLINE MIXED-USEMIXED-USE DEVELOPMENTDEVELOPMENT SITESITE || 0.890.89 ACRESACRES CONCEPTUAL RENDERINGS CONCEPTUAL SITE PLANS A proposed plan would allow for 43 modern- designed townhomes (a total of 38,700 SF) located in a prime location on the West End, near the BeltLine. SOURCE: Gamble & Gamble Architects PageP age 77 ofof 19 17 SURVEY BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES Page 8 of 19 ZONING BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES BELTLINE OVERLAY DISTRICT SUBJECT PROPERTY Subject property is located in mixed-use, 5-9 story Beltline Overlay District and in close proximity to a potential transit stop. Source: BeltLineOrg-wpengine.net Page 9 of 19 ZONING BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES ZONING CONDITIONS Source: Atlanta City Council FOR SPECIFIC CITY OF ATLANTA MRC ZONING INFORMATION: http://ow.ly/i4mK30oTKyN Page 10 of 19 New stop sign at intersection of Sells Avenue and Atwood Street to compliment existing ramp metering signal and prevent automobiles from using Sells Avenue as an on-ramp to I-20 Kroger Citi-Center Area The intersections of RDA Boulevard with Cascade Avenue and Langhorn Street were frequently identified by residents as problematic. The following improvements will allow for more logical vehicular movements and safer pedestrian crossings. Extend the length of the right turn lane from RDA Boulevard southbound onto Cascade Proposed improvements at the intersection of RDA Avenue westbound. Boulevard and Cascade Avenue will improve traffic flows Reconfigure right turn lanes in three locations to decrease curb radii and allow safer pedestrian and emergency vehicles to enter. The remainder crossings. of the street would become two-way. Reduce White Street to one-lane southbound Close Muse Street’s southern entrance to vehicular traffic, but allow pedestrians, bicycles, and convert unused right-of-way to pedestrian space and improved street crossings. Figure 4: Recommended TransportationUPCOMING Improvements BELTLINE DEVELOPMENTS Key Project Name Description Intersection Improvements Add a separate right turn lane southbound on RDA; BELTLINE MIXED-USE DEVELOPMENT SITE | 0.89 ACRES Intersection Improvement: Cascade Avenue/Ralph David I-1 add a separate right turn lane northbound on Kroger Abernathy Boulevard Dwy/RDA Extension Change southbound lane on Langhorn to a separate PROPOSED DEVELOPMENT NEAR SUBJECT PROPERTY Intersection Improvement: Ralph David Abernathy left turn, a through lane, and a right turn lane; change I-2 Boulevard/Langhorn Street northbound left turn signal to protected and permitted phase Close entrance at RDA Blvd and construction an I-3 Intersection Improvement: Muse Street Closing mountable emergency-vehicle-only entry Intersection Signalization New traffic signal, per Connect Atlanta Plan (#IS-005) IS-1 New Traffic Signal: Langhorn St at Sells Ave when transit is in-place and warranted New Streets / Connections New roadways and extension of existing roadways NS-1 New Streets : Street Framework Plan based on the Street Framework Plan New street and bridge from Enota Pl to Langhorn Ave NS-2 New Street: Greenwich Avenue Extension in existing ROW; signal on Langhorn St; approach to west Extend RDA Blvd across Cascade Ave to Hopkins St NS-3 New Street: RDA Blvd Extension (South) (Connect Atlanta #NS-025) Extension from White St to BeltLine, including crossing NS-4 New Street: Hopkins Street Extension (North of Beltline) (Connect Atlanta #NS-024) Extension from BeltLine to White St (Connect Atlanta NS-5 New Street: Hopkins Street Extension (South of BeltLine) #NS-024) Reroute Rose Circle on existing parkland north to NS-6 New Street: Rose Circle Realignment White St; convert closed segment to park space Extension of south Peeples Street from Donnelly Ave to NS-7 New Street: South Peeples Street Extension White St with at-grade BeltLine crossing (Connect Atlanta #NS-021; PS-NS-012) Extension of north Peeples Street through Rose Circle NS-8 New Street: North Peeples Street Extension Park Extension of Bridges Ave from terminus to Westmont NS-9 New Street: Bridges Avenue Extension Road New Sidewalks Install sidewalk and lighting on south side from RDA S-1 New
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