BELTLINE REDEVELOPMENT SITE...Bobby Jones, 25 former mayors of Atlanta, six former ... two-story...
Transcript of BELTLINE REDEVELOPMENT SITE...Bobby Jones, 25 former mayors of Atlanta, six former ... two-story...
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com
0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
BELTLINE REDEVELOPMENT SITE
PRESENTED BY
Michael D. Reeves, CCIM
LAND FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 2
CONTENTS
CONFIDENTIALITY & DISCLAIMER
LOCATION INFORMATION 6
DEMOGRAPHICS 10
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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 investigationsincluding through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtainingand reading applicable documents and reports and consulting appropriate independent professionals. Adams Commercial Real Estate makes no warranties and/orrepresentations regarding the veracity, completeness, or relevance of any financial data or assumptions. Adams Commercial Real Estate does not serve as a financialadvisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modelingpurposes, 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 necessarilymean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,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 complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by Adams Commercial Real Estate in compliance with all applicable fair housing and equalopportunity laws.
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
TABLE OF CONTENTS
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 3
OFFERING SUMMARY
Sale Price: $6,975,000
Lot Size: 3.5 Acres
Zoning: I1 and R5
Market: Atlanta
Submarket: Grant Park
Traffic Count: 7,110
Price / SF: $45.75
PROPERTY OVERVIEWRare Opportunity to purchase a BeltLine Redevelopment site in the GrantPark Neighborhood. The stellar location makes for an irreplaceable site inclose proximity to some of Atlanta's most unique destinations.
PROPERTY HIGHLIGHTS
• Approximately 3.5 buildable acres
• Adjacent to the Beltline Southeast Trail
• Intersection of Boulevard SE and the Beltline
• MRC-3 rezoning encourage by City of Atlanta Planning
• Signature location as gateway to Grant Park from the South
• Easy access to I-20
• Beltline Overlay
• Approximately 285 ft of frontage on Boulevard
• Approximately 350 ft of frontage on the BeltLine
• Additional acreage from adjoining property available
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
EXECUTIVE SUMMARY
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 4
LOCATION OVERVIEW
Grant Park, the intown neighborhood surrounding the Park,is one of Atlanta's oldest and most important historicdistricts, listed on the NRHP. It is bordered by theCabbagetown neighborhood on the north, Ormewood Parkon the east, Boulevard Heights on the southeast,Chosewood Park on the south, and Summerhill andPeoplestown on the west.
It includes the Park, 48 acres or 35 hectares of OaklandCemetery (established 1850), where Margaret Mitchell,Bobby Jones, 25 former mayors of Atlanta, six formergovernors of Georgia, and many Civil War dead are buried. Italso includes the Atlanta Stockade; Fort Walker; and the1858 mansion of Lemuel P. Grant, for whom the park andneighborhood were named. The mansion is thesecond-oldest house still standing on its original location inAtlanta. The Grant Park Neighborhood Associationrepresents local residents.
Together with Inman Park, Grant Park contains the largestremaining area of Victorian architecture in Atlanta. Mostbuildings were built between the neighborhood's founding in1882 and the first decades of the 20th century. Largetwo-story mansions face the park, more modest two-story,modified Queen Anne houses were built on surroundingstreets, and one-story Victorian era cottages and Craftsmanbungalows were built to the east of the park.
The neighborhood is home to St. Paul United MethodistChurch, which for a time in the early 1900s had the largestMethodist congregation in the Southeast, and whichcontinues to be a thriving congregation. St. Paul is wellknown for its beautiful stained glass windows and an organthat was acquired in 1887. Each December, St. Paul, theGrant Park Cooperative Preschool (which is located on thefirst floor of St. Paul), and the Grant Park Parent Networkhost the Grant Park Candlelight Tour of Homes and ArtistMarket. There is also a Tour of Homes in the autumnsponsored by the Grant Park Neighborhood Association.
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
PROPERTY DESCRIPTION
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 5
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
ADDITIONAL PHOTOS
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com
LOCATION INFORMATION
SECTION 1
LAND FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 7
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
REGIONAL MAP
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 8
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
LOCATION MAPS
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 9
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
RETAILER MAP
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com
DEMOGRAPHICS
SECTION 2
LAND FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 11
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
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
DEMOGRAPHICS REPORT
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 12
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
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
DEMOGRAPHICS MAP
FOR SALE
Adams Commercial Real Estate | 458 Cherokee Ave SE | Atlanta, GA 30312 | 404.688.1222 | www.adamscre.com Page 13
458 Cherokee Ave SEAtlanta, GA 30312T [email protected]
PROFESSIONAL BACKGROUND
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
market is in that cycle, identifying today’s opportunities and tomorrow values. He has enjoyed being a
commercial Realtor at Adams for the last 8 years.
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
MICHAEL D. REEVES, CCIM
Commercial Real Estate Broker
BELTLINE REDEVELOPMENT SITE | 0, 1003 & 1015 BOULEVARD SE, ATLANTA, GA 30312
ADVISOR BIO
FOR SALE