Lakewood/Richmond Ave Land FOR SALE


Atlanta, GA - South Atlanta24,829 SF
$550,000 USD
404-844-4198
, Atlanta, GA for Sale
$550,000 USD
Land - FOR SALE
1/25

Lakewood/Richmond Ave
Atlanta, GA
South Atlanta


HIGHLIGHTS

  • Flexible MRC-1-C Zoning – Ideal for vibrant mixed-use developments combining retail, office, and residential spaces.
  • CDIA Incentive Zone – Unlock significant financial benefits including Low-Income Housing Tax Credits and job creation incentives.
  • Immediate Cash Flow – Stable gross annual income of approximately $52,500 provides financial support during redevelopment planning.
  • Strategic Location – Positioned near Lakewood Amphitheater and The Ron Clark Academy, amid substantial community revitalization and new development.
  • Scalable Redevelopment Opportunity – 0.42-acre package of three contiguous properties enables phased or unified development strategies.
  • Community Impact Potential – Excellent fit for socially conscious developers and investors aiming for meaningful local economic and social improvement

OVERVIEW

Excellent opportunity for developers and impact-oriented investors seeking prime mixed-use redevelopment sites in a rapidly revitalizing area. This three-property package (two duplexes and one single-family home totaling 0.42 acres) is strategically located in Atlanta’s Lakewood Heights, zoned MRC-1-C (Mixed Residential Commercial), permitting a wide range of potential uses—from vibrant mixed-use residential and retail projects to community-centric affordable housing developments. Benefit from significant economic incentives through its designation within a Community Development Impact Area (CDIA), including eligibility for Low-Income Housing Tax Credits (LIHTC), affordable housing financing, and job creation tax credits. Immediate cash flow with an estimated gross annual rental income of $52,500 offers financial support during project planning phases. All tenants are currently on a month-to-month lease with flexible move out dates. With close proximity to Lakewood Amphitheater and The Ron Clark Academy, this package represents an ideal investment poised to capitalize on significant neighborhood growth, community renewal, and long-term capital appreciation. Contact listing agent directly for additional zoning information, potential project scenarios, or site-specific inquiries.

ASK ABOUT THIS PROPERTY

Nicholas DixonAtlanta Communities Commercial BrokerageMore Info
404-844-4198

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

Nicholas DixonAtlanta Communities Commercial BrokerageMore Info
404-844-4198

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