Designated OPPORTUNITY ZONE with the potential for preferential tax treatment.
Developers, here's your opportunity to build Affordable housing, Assisted living, Apartments, Fast Food, or mixed use in the Glenwood Corridor 1/4 mile inside 285 and close to MARTA.
This corner lot is adjacent to a quiet residential neighborhood.
The Glenwood Road frontage is perfect for Retail/Services with residential access off of Iris Lane.
This area of Decatur has seen considerable residential growth. If you have a fast-food, or gas station/mini mart client this corner lot lends itself to easy access.
Current population +90K in a 3 mile radius, with over $50K household income trending to over $60K, 3:2 owner/renter ratio. Currently over 19,000 drive-bys per day, which is destined to double with the new interchange. 100 and 500 year FEMA Floodplain X. Small creek in front of the property that a culvert can be added to create a bridge over the creek. Owner's agent has met numerous times with DeKalb County Planning and zoning as well as Georgia State Water Management personnel. As a result the County would entertain looking at a 25' creek easement setback and a partial culvert added. Buyer is solely responsible for confirming that is still the case. Seller is making no representation regarding the setback or culvert.