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Absolute Auction, 4.94 Acres

Ellenwood, GA 30294

DeKalb County, Georgia

4.94 Acres
Land Auction
September 14, 2020 12:00 PM
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Land Description

Absolute Autcion | Home Depot Adjacent Outparcels - Atlanta Msa

Realinsight Marketplace Online Auciton Sept. 14-16, 2020

Investment Hightlights:

Two Home Depot Outparcels with frontage and visibility on both Panola Rd and Fairview Rd with combined traffic of ±20K Vpd

Dense Retail Corridor - Nearby Tenants include Home Depot, Kroger, McDonald's, Cvs, Dollar General, and other National Retailers

Great Demographics - Population of ±110,305 with an Average Household Income of ±$76,331 within a Five-Mile Radius

Zoned C-2 (Central Commercial District) allowing flexible commercial uses which benefit from proximity to each other

Absolute $1 Auction - NO Reserve.

Offering Details:

CBRE and RealINSIGHT Marketplace are pleased to present two Home Depot adjacent outparcels totaling ±4.942 acres of undeveloped land near the intersection of Fairview Road and Panola Road in Ellenwood, Georgia within the Atlanta Msa. This Property offers an exceptional investment opportunity via development and first bid meets reserve.

This Property offers potential investors the ability to acquire raw land with significant value-add through development and long-term lease-up. The Property is zoned C-2, General Commercial District, which allows for a variety of commercial/retail uses. The Properties are positioned adjacent to Home Depot in a very dense retail node immediately surrounded by Kroger, Goodwill, Cvs, Ingles Market, Burger King, McDonalds, Advance Auto Parts, Dollar General and Exxon Gas Station. These parcels are positioned next to the high traffic intersection of Fairview Road and Panola Rd (±19,620 Vpd) and just ±3 miles from I-675 and ±10 minutes from I-75. The Properties' location near both I-675 and I-75 offers excellent accessibility to the broader area and provides the necessary access to more regional destinations throughout the area, while the immediate area's retailers provide the necessary drawing power for the parcels.

Located in northwest Georgia between Dekalb, Clayton, Henry, and Rockdale county, Ellenwood is a growing community and part of metro Atlanta just 20-miles (30-Minute drive) from downtown Atlanta. The Property is also positioned near local demand generators and proximate to Clayton State University (±10 minutes). The Properties benefits from extremely dense and compelling demographics and have a population of ±110,305 with an annual household income of ±$76,331 within a five-mile radius (2019).

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