54 85 RD SW PRYOR JONESBORO RD SE OAK SITE KNOLL I & II PARK TURMAN AVE LAKEWOOD FAIRGROUNDS LAKEWOOD AMPHITHEATER LAKEWOOD STADIUM LAKEWOOD AVE SE OFFERING MEMORANDUM South Atlanta Residential Land Development 199 Turman Avenue | Atlanta, Georgia 30315 | Fulton County RESIDENTIAL LAND REDEVELOPMENT OPPORTUNITY 54 SUBJECT PROPERTY JONESBORO RD SE OAK KNOLL I & II PARK TURMAN AVE An excellent 2.28-acre site primed for LAKEWOOD AVE SE residential redevelopment in South Atlanta, within walking distance to parks and high-density housing. n Minutes to Lakewood Amphitheater n Proximity to Oak Knoll parks I and II n 3 miles to GSU Mixed-Use Development n 5 miles to Downtown Atlanta's CBD n 7.5 miles to Atlanta International Airport CONFIDENTIALITY / DISCLAIMER This Offering Memorandum and any subsequent evaluation material you THE OFFERING MEMORANDUM SHALL NOT BE DEEMED TO REPRESENT may be provided (collectively known as the “Offering Memorandum”) THAT STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN is intended solely for your limited use in considering whether to pursue INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR negotiations to acquire 199 Turman Avenue (the “Property”) located in AFFAIRS OF THE PROPERTY SINCE THE DATE OF PREPARATION OF THE Atlanta, Georgia. The Property is being marketed for sale by Ackerman & OFFERING MEMORANDUM. Co. (“Broker”). The information provided in the Offering Memorandum has been gathered The Offering Memorandum contains brief, selected information pertaining from sources that are deemed reliable, but the Broker does not warrant or to the business and affairs of the Property and has been prepared by represent that the information is true or correct. Prospective offerors are Broker. It does not, however, purport to be all-inclusive or to contain all advised to verify information independently. The Offering Memorandum of the information that a prospective purchaser may desire. Broker makes is not to be construed as an offer or as any part of a contract to sell the no representation or warranty, express or implied, as to the accuracy or property. completeness of the Offering Memorandum or any of its contents, and no legal liability is assumed to be implied with respect thereto. Furthermore, the inclusion or exclusion in the Offering Memorandum of information relating to asbestos or any other hazardous, toxic or dangerous By acknowledgment of your receipt of the Offering Memorandum you chemical item, waste or substance (hereinafter collectively referred to as agree that the Offering Memorandum and its contents are confidential, “Waste”) relating to the Property shall in no way be construed as creating that you will hold and treat it in the strictest of confidence, that you will any warranties or representations, expressed or implied by the Broker as not directly or indirectly disclose, or permit anyone else to disclose, the to the existence or nonexistence or nature of Waste in, under or on the Offering Memorandum or its contents to any other person, firm, or entity Property, it may create significant legal and/or economic obligations upon (including, without limitation, any principal for whom you have been the Owner, lessee and/or other holders of interest in the Property or a part engaged), without prior written authorization of Owner or Broker and thereof and you are hereby advised to obtain professional assistance such that you will not use or permit to be used the Offering Memorandum or as from a consultant, engineer and/or attorney prior to taking an interest its contents to be copied or used in any fashion or manner detrimental to in the Property or a part thereof. the interest of Owner. Photocopy or other duplication is strictly prohibited. Property is being sold "as-is." Table of Contents 01 EXECUTIVE SUMMARY 03 MARKET SUMMARY Overview Atlanta, Georgia Development Highlights Demographics 02 PROPERTY OVERVIEW 04 FINANCIAL DETAILS Property Photos Overview Location Maps (State and Local) Developer Incentives Property Details Comparative Land Sales Property Tax Plat Current Zoning Map City of Atlanta Future Land Use Map For more information, please contact: STEVE LANGFORD Senior Vice President, Investment Sales 770.913.3955 | [email protected] ACKERMAN & CO. 10 Glenlake Parkway | South Tower, Suite 1000 | Atlanta, GA 30328 770.913.3900 | ackermanco.com 01 EXECUTIVE SUMMARY Overview Development Highlights 199 Turman Avenue | Atlanta, Georgia 30315 | Fulton County 01 Executive Summary 199 Turman Avenue | Atlanta, GA 6 Ackerman & Co. is pleased to exclusively present 2.28 acres of residential land at 199 Turman Avenue in south Atlanta, Fulton County, Georgia (“Property”). The property currently has a church on it, but represents an opportunity to repurpose site for residential development for which it is zoned. HIGHLIGHTS DOWNTOWN GA STATE GRANT Zoned: PD-H (Planned Housing Development), R4-A (Single-family residential, ATLANTA UNIVERSITY PARK CBD JONESBORO RDMIXED-USE SE minimum lot size 0.17 acres) DEVELOPMENT 500’ of frontage on Turman Avenue CHOSEWOOD PARK Easy access to I-75/85, I-20, and Lakewood Freeway 85 OAK KNOLL I, II Near Lakewood Amphitheater, Lakewood Football Stadium, EUE Screen Gems PARK LAKEWOOD Movie Studio AMPHITHEATER SOUTH 75 LAKEWOOD EUE BEND PARK LAKEWOOD FREEWAY STADIUM 166 SCREENS Close to numerous parks including: Oak Knoll, South Bend, South Atlanta, GEMS Chosewood, and Grant Parks SUBJECT PROPERTY 6-Minutes to GA State University Mixed-Use Development JEFFERSON PARK 5-Minutes to Downtown Atlanta Central Business District (CBD) 15-Minutes to Hartsfield-Jackson Atlanta Int’l Airport 85 ACQUISITION SUMMARY Sales Price: $2,000,000 Price/AC: $877,193 75 Price/SF: $114.68 HARTSFIELD- JACKSON ATLANTA INTERNATIONAL Debt Structure: Property delivered free and clear AIRPORT 02 PROPERTY OVERVIEW Property Photos Location Maps Property Details Property Tax Plat Current Zoning Map City of Atlanta Future 199 Turman Avenue | Atlanta, Georgia 30315 | Fulton County Land Use Map 02 Property Overview 199 Turman Avenue | Atlanta, GA 8 PROPERTY PHOTOS 02 Property Overview 199 Turman Avenue | Atlanta, GA 9 STATE MAP SUBJECT PROPERTY ATLANTA AUGUSTA COLUMBUS SAVANNAH 02 Property Overview 199 Turman Avenue | Atlanta, GA 10 LOCAL MAP 985 85 400 285 85 20 DOWNTOWN 285 ATLANTA 20 75 SUBJECT PROPERTY 20 285 HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORT 02 Property Overview 199 Turman Avenue | Atlanta, GA 11 AERIAL MAP RESIDENTIAL MILTON AVE SE LAKEWOOD AVE SE RESIDENTIAL 85 RD SW PRYOR 54 OAK KNOLL I & II RESIDENTIAL TURMAN AVENUE JONESBORO RDPARK 199 TURMAN AVENUE RESIDENTIAL SAWTELL AVE SE CLAIRE DR SW LAKEWOOD LAKEWOOD AMPHITHEATER LAKEWOOD FAIRGROUNDS STADIUM LAKEWOOD AVE SE MACON DR SW RESIDENTIAL 166 SOUTH BEND PARK 02 Property Overview 199 Turman Avenue | Atlanta, GA 12 PROPERTY DETAILS Address: 199 Turman Avenue, Atlanta, GA 30315 Land: 2.28 acres SUBJECT PROPERTY Building: 17,440 SF Parcel ID: 14-005700190424 County: Fulton Submarket: South Atlanta PD-H (Planned Housing Development), R4-A (Single-family Zoning: residential, minimum lot size 0.17 acre) Lot Dimensions: Rectangular shaped - 500x204.5x300.15x200x190 Frontage: 500 feet on Turman Typography: Level Utilities: All available for site 199 Turman Avenue 02 Property Overview 199 Turman Avenue | Atlanta, GA 13 PROPERTY TAX PLAT Fulton County makes every effort to produce the most accurate information possible. No warranties, expressed or implied, are provided for the data herein, its use or interpretation. The assessment information is from the last certified taxroll. All data is subject to change before the next certified taxroll. Date printed: 10/10/17 : 23:25:08 02 Property Overview 199 Turman Avenue | Atlanta, GA 14 CURRENT ZONING MAP SUBJECT PROPERTY R-4A PD-H 02 Property Overview 199 Turman Avenue | Atlanta, GA 15 CITY OF ATLANTA FUTURE LAND USE MAP C T O E E E T N U U T E 0-8 E N N T F E T T VAN T IRA AVE NUE R MARY STREET E E E HOM E E AVENU E T E E E E E T E T R E T D V V E T E E R E E S U E T E E A A E E U E E R T R R R E N S C S R U E T E N R S T E TU E T S T KE EVANS R STR A G EET EE E A S N N T S R R E R T T E STREE T M S E E LBERT E E T I S S RO L T BINSON AVENUE T D E T V T V S L I E K K ART A HUR ST E P S REET N L I R A V S A S W T E D O O S W E L O A A A S Y N I E L E R S T I H A R L R T S A M V B R N E A N T I S T T E E E E U R G B I D STREET E B MEA W A L S C S R R NPU-Y E R R E N I H H P N U 0-8 E M T G U A I D O E O S R A F T T A U R C C C I R E O H R S N L S I F N F T H C 17-29 G E N M N A T D V O E N A RAT L S R V E A M E A E A G N V UE ENU A A HAYGOOD A E O VE R N UE R V V 0-8 I F 17-29 A ) W T G N E S E E 14-87 14-74 S FLETCHER STREE 0-8 R 14-55 L T 14-42 U P 14-2E 3 R 14-106 E 14-10 I CIRCLE E D BOY RANT N T NT G ON AV U R T E N S G UE S 0-8 E S N E A T G E E T V E E E D O E H A M U A V R 0-8 AVENUE R V D E A AND E YL E D C N E E A T L L L R A R E N M L S C C E I T U V E C L A ROY STREET V A ROY STREET T HO I T BART AVENU R R E E S E A V N O I I 17-29 W D ( E D N N E A T C C N R E E L T U S M A O O R D D U E V E E E FRANCIS A V Y V T ENUE N N E E O L A W S R N A A N B R O P L L U T N C I Y Y E S T A A A T R M M N A DRIVE E A NGLEWOOD AVENUE M D L L T A R E N E U U O G N E N E E D T P IV V R U D ERSI C TY A V M R I M C P T LIMAX STREE A C T IN R D A W S V O O E D T N L U R N E T E O L E N I R R U DALTON T O S G H O R H N NPU's AVENUE Y ERIN AVENUE N A B I R O ER A P P U M K L E parcels D E I NOLAN P A L STREET I O N V T R A Y NFORD R MA A O A R A T D T H E N Land Lots R RE T