Lawrenceville Highway Development Site
3186 Lawrenceville Hwy, Lawrenceville, GA, 30044, US
€1,541,000 | 1.94 ha
Asset Description
JLL is pleased to present the opportunity to acquire fee simple interest in 3321 Lenox Rd, a 0.91 acre development site located in the Buckhead neighborhood of Atlanta, GA. Situated adjacent to Lenox Square Mall and the Lenox MARTA rail station, the property is an ideal location for dense development. 3321 Lenox is zoned for mixed-use, which includes residential, hotel, office and retail; allowing a maximum height of 502 feet with no cap on FAR. A former 7,000 square foot restaurant building occupies the site, which can be leased until development occurs.
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Investment Highlights
- Well located development site with superior walkability and vehicular ingress/egress
- Located in highly sought-after Buckhead neighborhood with numerous amenities within walking distance
- Zoned as SPI-12 Subarea 1 (City of Atlanta) with flexible usage options and No FAR cap and no setback requirements
- Proximity to Lenox MARTA station makes it eligible for height bonuses up to 502 feet
- A single story, 7,000 sf building remains on site, which was previously occupied by Houston's Restaurant
- Covered land investment approach with renovation and leasing of existing building
- Long-term potential for dense development project when market conditions are favorable
Attributes
Land area gross
0.37 ha
Investment strategy
Opportunistic
Zoning
SPI-12 SA1
Building area gross
650 m²
Contact brokers
3321 Lenox (0 Properties)
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Last updated
22 Mar 2024
