40 +/- ACRES- DEVELOPMENT OPPORTUNITY

This property is located off of Beltline Rd, a major corridor in Decatur west of the Decatur Mall.This property provides an opportunity to purchase approximately 40 +/- acres of land zoned (B-2) General Business. This zoning allows for Retail, Restaurants, and other uses. Multi-family housing can also be allowed upon appeal with no height restrictions and maximum density. This property is located off of Beltline Rd, a major corridor in Decatur west of the Decatur Mall. This property is the perfect place for a mixed-use development that includes multi-family housing and retail space. The topography is gently rolling and wooded. This area has huge potential for growth, as Decatur has a 50,000-workforce gap that needs to be filled. A class A multi-family or mixed-use housing development would attract young professionals to Decatur to fill this gap. Recently Realtor.com named Decatur as the #9 city to move to based on home value. The city of Decatur has plans to build a $50 Million development that includes college dorms and a hotel. There is currently a population of 21,351 within a 5-mile radius and projected growth over the few years of more than x%. The Decatur Mall has multiple shopping options along with an AMC movie theater which brings high-volume foot traffic on a daily basis. The area also includes Chick-fil-A and other big-name fast-food options. Retail opportunities close to the property include Publix, Target, Walmart, Walgreens and Hobby Lobby. Austin High School, Middle School and Elementary School are all within 5 miles creating an ideal “live, work and play” environment.TBD