Lawrence Street, East Point, GA 30344
sale
$60,000
|
Other
Courtesy Of Virtual Properties Realty
Rare opportunity to acquire a cash-flowing infill site in East Point's Downtown Architectural Overlay District. This level, cleared 0.20 Acre Parcel currently zoned C-R. C-R (Commercial Redevelopment) zoning in East Point, GA, primarily located north of Irene Kidd Parkway near the East Point MARTA station (encourages mixed-use, pedestrian-friendly development. It promotes a blend of retail, commercial, and residential uses, often incorporating specific design guidelines. PASSIVE INCOME & DEVELOPMENT SITE 0.20 AC * Current Revenue: Leased for truck parking with rates from $80 to $115 per space. * Value-Add Potential: Market rates for secured parking are $150/slot. Bringing the 6 spaces to market rate generates $900/month in passive income. * The "Passive" Advantage: This is a "No Tenants, No Toilets" investment-high-yield cash flow with zero maintenance or residential management headaches. * Location: 0.5 miles to MARTA and 1.5 miles to Tyler Perry Studios. The property is known as 0 Lawrence St. Navigate to Krystals in East Point at 2509 Main St, East Point Ga 30344. You will see a sign on the property next to the gray fence. There is a fence around the property.
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Property Features
- Age: 1-5 Years Old
- MLSID: 10697069
- Parking Spaces: 10
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