Sheila Gouldman

Real Estate Advisor | License ID: 401339

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$ 120,000

$ 135,000 11.1%

Est. payment -/mo

Sold on 07/02/2025

431 Formwalt ST SW Atlanta, GA 30312

2,613 Sqft Lot

UPDATED:

Key Details

Sold Price $120,000

Property Type Vacant Land

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 7535003

Annual Tax Amount $896

Tax Year 2024

Lot Size 2,613 Sqft

Property Sub-Type Multi Family

Property Description

Incredible opportunity to purchase a lot in up-and-coming Mechanicsville!! Minutes away from the Summerhill mixed-use development, GSU, Downtown Atlanta, the Mercedes Benz Stadium, and the State Farm Arena. Across the street from the Fulton County Juvenile Court and the Mechanicsville Library, on a quiet street off the main road (Fulton St SW), connecting to I-20 and I-85/75 for easy access. The lot is zoned SPI-18 SA1 (Mechanicsville Neighborhood Special Public Interest District), allowing for diverse commercial and residential uses, including multi-family. Variance for off-site parking obtained for a potential coffee shop (ground level) and two apartments (top level) project. Conceptual drawings available upon request.

Location

State GA

County Fulton

Zoning SPI18

Rooms

Other Rooms None

Interior

Equipment None

Exterior

Fence None

Community Features Near Beltline, Near Public Transport, Near Schools, Near Shopping

Utilities Available Electricity Available, Phone Available, Sewer Available, Water Available, Other

Waterfront Description None

View Y/N Yes

View City, Neighborhood

Building

Lot Description Cleared, Level, Rectangular Lot

Schools

Elementary Schools Hope-Hill

Middle Schools David T Howard

High Schools Midtown

Others

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Listed by Platinum Real Estate, LLC.
Bought with Atlanta Communities

Nearby School and Business