17 Grove Park PL NW

Description

3 houses + lot Addresses (17 11 & 14 )Grove park place nw atlanta ga 30318 17 has the additional lot attached BELTLINE DEVELOPMENT OPPORTUNITY | GROVE PARK - ATLANTA (30318) 1.67 ACRES | TOWNHOME PROJECT | HIGH UPSIDE PRIME LOCATION Closing handled by KATZ DURELL ATTORNEYS AT LAW 6065 Roswell Road, Suite 880 Atlanta, GA 30328 Strategically positioned in Grove Park with the Atlanta BeltLine directly behind the property-one of the most powerful drivers of appreciation and buyer demand in Atlanta. DEVELOPMENT SUMMARY * Site: 1.67 Acres (3 houses + 1 lot assembled) * Zoning: R4 (potential for higher density - buyer to verify) * Planned Product: 18-22 Modern Townhomes * Height Potential: Up to 3 stories * Layout: Ideal for efficient, repeatable construction FINANCIAL SNAPSHOT * Purchase Price: $1,400,000 * Projected Sellout (ARV): ~$13,000,000 * Estimated Total Cost: ~$7.5m * Projected Profit: ~$4m+ INVESTMENT HIGHLIGHTS BeltLine adjacency = premium resale pricing Rapidly appreciating West Atlanta submarket Strong demand for modern townhome product Scalable build plan (maximize efficiency + margins) Opportunity to increase density via rezoning BUILDER / DEVELOPER EDGE * Optimized for cost-efficient construction * Repetitive unit design reduces build complexity * Ideal for builders targeting sub-$150/sq ft execution * High margin potential with disciplined cost control VALUE-ADD OPPORTUNITY * Rezoning / density increase potential * Product positioning for premium BeltLine buyers * Ability to phase construction for cash flow management IDEAL BUYER * Infill developers * Townhome builders * Build-to-sell or build-to-rent investors * Groups seeking scalable urban projects