678-524-6120
5885 Oakbrook Pky, Norcross, GA for Sale
Apartments - FOR SALE
1/7
null | Request Cap Rate

5885 Oakbrook Pky
Norcross, GA 30093


HIGHLIGHTS

  • LENDER ORDERED SALE
  • Call For Offers Deadline: March 31, 2026
  • Tremendous visibility from Interstate 85 North of Atlanta
  • Fully entitled for 178 multifamily units
  • Plans and drawings ready to submit for permit

OVERVIEW

The Congress Hotel Redevelopment is an ideal value add investment as currently entitled for 178 Multifamily units, great location and size of the property. In addition, there are many meeting spaces that allow for changes to the configuration and count of 1 and 2 bedrooms to this property. The Occupancy and Rent in this market are strong and will allow this property, once completed, to stabilize quickly. The visibility from I-85 with signage is a tremendous plus. Easy walking distance to the nearby Farmer's Market and plaza of retail options make it perfect for tenant's to stay here. As the economic environment shows someheadwinds ahead, the rental market will continue to grow. High interest rates are making it difficult to buy a home in the near term, but make it an ideal time to own an apartment complex which could open very quickly.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

148

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Congress Multifamily Redvelopment ATL

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.75 AC

LAND SF

163,350 SF

ZONING

HRR

APN/PARCEL ID

6-196-138

ASK ABOUT THIS PROPERTY

Helen ZaverColliersMore Info
678-524-6120

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Helen ZaverColliersMore Info
678-524-6120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.