For the second time in as many months, an interesting pitch for infill development has popped up along a stretch of Memorial Drive between a famous cemetery and the Atlanta Beltline.
The latest proposal, as listed Thursday with Bolst Real Estate Atlanta, involves a postage-stamp lot along the east-west thoroughfare with “endless potential,” per sellers.
It's asking $185,000 for the land.
A rendering by Polygon LLC shows the .057-acre parcel brought to life as two stories of mixed uses, with an office tenant at the base and residential upstairs. The design is simple but modern—and contextually appropriate.
The 615 Memorial Drive property is less than a block from Oakland Cemetery on the northern edge of Grant Park, with the Eastside Trail a half-dozen blocks in the other direction.
Potential design for the Memorial Drive lot recently floated in listings. Rendering by Polygon LLC; courtesy of Bolst Real Estate Atlanta
The Memorial Drive site's proximity to Oakland Cemetery (left) and the Beltline's Eastside Trail (right). Google Maps
The lot is currently zoned C-2, a versatile commercial designation that permits uses from multifamily homes to retail shops, smaller storage spaces, and eating and drinking establishments. (Some height limitations do apply.)
Overall it’s marketed as “rare opportunity” amidst “thriving neighborhoods” for “a business to enjoy exceptional connectivity and visibility, attracting a steady flow of traffic,” per the Bolst listing.
HomeTour America; courtesy of Bolst Real Estate Atlanta
Rendering by Polygon LLC; courtesy of Bolst Real Estate Atlanta
It’s worth noting the algorithmic scores for the parcel in question are either exceptionally good or pretty solid: Walk Score (a 93 “walker’s paradise”), Bike Score (79), and Transit Score (61).
Records indicate the lot last traded in 2019 for $134,000.
Find more context and imagery in the gallery above.
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