Description

We are pleased to offer Gordon Plaza at 2460 Martin Luther King Junior Drive Southwest in Atlanta, Georgia, for sale at $3,450,000. The property totals approximately 20,008 SF and was built in 1967.

Gordon Plaza is an excellent opportunity for an investor to acquire a fully leased retail property located in a designated qualified opportunity zone. The 20,158 square foot building is situated on 1.548 acres and has 13 current tenants; some of them operating at this location for over a decade. The property is well located with quick access to I-20 and I-285 as well as the Hamilton E. Holmes MARTA station across the street. There is also a newer development next to the MARTA station serving as boutique office and retail incubator space. Microsoft is also developing a massive campus 4 miles from Gordon Plaza. The property was recently painted and the parking lot sealed and striped.

Highlights include: Great visibility with 25,640 VPD on Martin Luther King Junior Drive Southwest, GA 139 and quick access to I-20 and I-285; Average 1-mile household income of $61,344 and is expected to increase by 22.40% in the next 5 years; Densely populated with over 375,000 Daytime population in a 5 mile radius; Notable redevelopment and investment taking place in the area; National tenants nearby including McDonalds, Burger King, Wendy's, and CVS.

This is a growing area located west of downtown Atlanta, with easy access to I-285 and I-20. There are over 200,000 people living within a 5 mile radius, and continuing population growth as new residential developments arise. The property is well located on M.L.K. Jr Dr SW, a 12 minute drive to downtown and a four minute walk to the Hamilton E. Holmes MARTA station. While the immediate area looks to be lower income, there are major developments in process or planned for the area. Microsoft has announced plans to develop 90 acres purchased in recent months near Grove Park roughly 4 miles away from the property. There are also multiple mixed use developments breaking ground or in the pipeline around MARTA stations across Atlanta. As Atlanta continues to expand geographically at record pace, areas inside I-285 will continue to be and grow in demand.

Elliott Kyle and Chase Murphy of Skyline Seven Real Estate represent this offering. We welcome inquiries and are glad to share additional property information, photos and terms on request. Please contact us to discuss the opportunity or arrange a tour.