A sizable piece of real estate has come to market in Mechanicsville with aerial listing photos that could challenge Atlanta’s “We Full” argument.
The rare tree-less property spans 1.46 acres, and its sellers hope to capitalize on proximity to surging investment in South Downtown and Summerhill, as well as quick access to the Connector.
Asking price: $4 million even.
Spanning half a block where Fulton and Pryor streets meet, the land is marketed as being in the heart of Atlanta and ideally suited for luxury townhomes or condos. That would appear to require some zoning legwork, as three of four parcels involved are currently zoned for commercial use.
“Location! Location! Location!” the listing asserts. “This area is growing tremendously!”
A few blocks away, townhomes at the neighborhood’s 11-unit Vertical Row project have been trading in the high $400,000s in recent months.
The property in question is an assemblage owned by Lieu Corporation, bordering more vacant land and a couple of standalone houses. It’s immediately south of the Fulton County Juvenile Court complex and its parking lots. The Walk Score clocks in at a “Somewhat Walkable” 66.
Lieu Realty provides a conceptual layout with the listing, showing how 33 townhomes might possibly fit onto the site. Unless there’s a better idea out there—one that’s viable after the substantial land costs up front.
• New townhomes are trading for up to $480K in Mechanicsville (Urbanize Atlanta)