Commercial Land / Georgia / Roswell / 30076 / 2340 Holcomb Bridge Road

2340 Holcomb Bridge Road

Roswell, GA 30076

Listing ID: 203933

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$17,700,000

For Sale

Property Type Land for Sale : Mixed Use Land
Lot Size Acres 15.500
Land Sq Ft 675,180
Land Price per Sq Ft $26.22
NOI $1,265,404
CAP Rate % 7.15

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Description

Bull Realty is pleased to present the opportunity to acquire approximately ± 15.5 acres on Holcomb Bridge Road in the upscale Metro Atlanta suburb of Roswell, GA.
The current CX (Mixed-Use) zoning works well for multifamily, hospitality, retail and other commercial uses. The existing zoning allows up to three stories totaling ± 375,000 SF.
There is precedent for a variance which could potentially allow for increasing the height to 5 stories in parts and the density by more ± 150,000 SF if approved. The demand for the existing retail will certainly increase as rooftops are added within walking distance.
This property is situated on ± 15.5 acres improved with 3 retail buildings totaling ± 117,392 SF.
Kohl’s and Rite Aid pay $1,050,839 in annual base rent. These tenants are dark and have NNN leases until 2022. Other tenants including PetCo and Moe’s, pay a $214,565 in annual base rent plus their prorata share of CAM.
Based on the current $1,265,404 NOI, this property is being delivered to market at a 7.1% cap.

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Atlanta History of Commercial Land for Sale

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Listing Demographics for 2340 Holcomb Bridge Road Roswell, GA 30076

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		12,267	77,582	218,850
Population Median Age		35	37	38
Population by Age	0-9 Yrs	1874 (15%)	10057 (12%)	28156 (12%)
	10-19 Yrs	1752 (14%)	10607 (13%)	29163 (13%)
	20-29 Yrs	1587 (12%)	9130 (11%)	26436 (12%)
	30-39 Yrs	2238 (18%)	11873 (15%)	32860 (15%)
	40-49 Yrs	1352 (11%)	10096 (13%)	31045 (14%)
	50-59 Yrs	1655 (13%)	11770 (15%)	31287 (14%)
	60-69 Yrs	1139 (9%)	8773 (11%)	22470 (10%)
	70+ Yrs	669 (5%)	5276 (6%)	17433 (7%)

Median HH Income		$86,718	$90,939	$87,562
Total Household Income	< 24K	425 (9%)	2745 (9%)	8283 (9%)
	25-49K	850 (18%)	5190 (17%)	15051 (17%)
	50-74K	819 (17%)	4536 (15%)	13864 (16%)
	75-99K	475 (10%)	3239 (11%)	9474 (11%)
	100-199K	1284 (27%)	8150 (28%)	22482 (26%)
	200K+	779 (16%)	5213 (17%)	14764 (17%)

Highest Education Level	No Diploma	211	3414	7902
	Diploma or GED	749	6762	20513
	Some College	1297	8422	22189
	Assoc. Degree	902	3841	9822
	Bachelors Degree	3055	19940	56763
	Higher Degree	1638	10472	32455

Total Housing Units		4,884	31,146	89,900
--Owner-Occupied		2,629	18,533	49,809
--Renter-Occupied		2,003	10,540	34,111
Owner-Occupied Values	< 100K	79	729	2136
	100-199K	120	1877	5417
	200-299K	396	3284	7863
	300-399K	878	4242	10571
	400-499K	411	2672	8663
	500K+	746	5728	15159

Total Working Age Population		9,152	60,760	172,229
In Work Force		7,130	44,325	122,856
Not In Work Force		2,022	16,435	49,373
Workforce Employed		6,845	42,704	117,766
Workforce Unemployed		228	1,540	4,884
Civlian Workforce		7,074	44,244	122,649
Military Workforce		57	81	207

Total Households		4,632	29,073	83,919
Family Households		2,924	19,855	54,898
Non-Family Households		1,708	9,218	29,021
Married Couple		2,335	15,784	43,979
Other Family		589	4,072	10,919
Married w/Child		1,179	6,975	20,148
Single Male w/Child		74	875	1,727
Single Female w/Child		421	1,523	4,482

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Georgia	8,186,453	+18	9,687,653	+12	10,833,472	+13	12,292,423
Cherokee County	141,903	+51	214,346	+24	266,617	+20	320,849
Cobb County	607,751	+13	688,078	+15	790,588	+19	938,747
DeKalb County	665,865	+4	691,893	+15	793,154	+19	944,045
Forsyth County	98,407	+78	175,511	+44	252,507	+35	341,646
Fulton County	816,006	+13	920,581	+19	1,099,181	+18	1,300,861
Gwinnett County	588,448	+37	805,321	+21	971,145	+21	1,175,358

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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