0 Norman Berry Drive, East Point GA 30344

Description

A rare, high-upside multifamily development opportunity located in the heart of East Point, GA, within the Atlanta Metropolitan Area. This offering includes four parcels totaling approximately 7.7 acres, featuring a 6.02-acre primary development site along with an additional 1.7-acre parcel positioned for future expansion. The property is currently planned for 138 residential units across two buildings, providing a clear path to immediate development. Building A consists of 70 units and Building B consists of 68 units, supported by a well-balanced parking layout. The existing site plan allows a developer to move forward efficiently while maintaining flexibility to enhance the overall design. A key value driver is the ability to increase density beyond the current plan, with a portion of the site-located west of Building B-offering a clear opportunity to scale the project to approximately 160-200+ units through thoughtful architectural optimization. Additionally, the 1.7-acre parcel across the street presents a compelling Phase II opportunity, further expanding the long-term development potential. The property has been rezoned to MI, which supports a range of residential uses including multifamily, senior housing, and assisted living, providing flexibility for a variety of development strategies. Infrastructure risk has been significantly reduced, with sewer access secured via an existing right-of-way. A portion of the northwest corner lies within a floodplain, however, the primary development footprint is positioned outside of this area, allowing it to be utilized for stormwater management or amenity space without impacting the core project. Strategically located just minutes from Hartsfield-Jackson Atlanta International Airport with convenient access to I-285 and I-85, the site benefits from strong surrounding employment drivers and sustained demand for workforce and multifamily housing. This is a scalable, well-positioned development opportunity with immediate execution potential and significant long-term upside in one of Atlanta's most active growth corridors.