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7065 Jimmy Carter Blvd - I-85 Diverging Diamond Development Tract

10.44 Acres of Commercial Land Offered at £8,137,480 in Norcross, GA 30092

Executive Summary

National Land Realty is pleased to present a unique redevelopment opportunity in bustling Peachtree Corners. 7065 Jimmy Carter Blvd is 4.69-acre parcel lot fronting 183 feet on Jimmy Carter Boulevard and 95 feet on Peachtree Industrial Boulevard, and hosts an existing 41,274 SF, 3-story structure with 100 parking spaces on-site.
The adjacent 5.75-acre lot at 7067 Jimmy Carter Boulevard fronts 118 feet on Jimmy Carter Boulevard and 736 feet on Peachtree Industrial Boulevard. Totaling 10.44 acres, the parcels collectively front 301 feet on Jimmy Carter Boulevard and 831 feet on Peachtree Industrial Boulevard at a signaled curb cut promoting maximum visibility.
The sites are currently zoned C-2 General Business, supporting various commercial uses to include nursing homes, hospitals and healthcare related facilities, group and congregate personal care homes and rehab centers, retail, dining, office, and more making the site ideal for potential senior living community development.

Property Facts

Price £8,137,480
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Land
Proposed Use
Commercial
  • Retail
  • Office
  • Hospitality
  • Apartment Units - Senior
  • Healthcare
  • Health Club
  • Hospital
  • Medical
  • Rehabilitation Centre
Total Lot Size 10.44 AC

1 Lot Available

Lot

Price £8,137,480
Price Per AC £779,452
Lot Size 10.44 AC

10.44+/- Acres

Description

National Land Realty is pleased to present a unique redevelopment opportunity in bustling Peachtree Corners. 7065 Jimmy Carter Blvd is 4.69-acre parcel lot fronting 183 feet on Jimmy Carter Boulevard and 95 feet on Peachtree Industrial Boulevard, and hosts an existing 41,274 SF, 3-story structure with 100 parking spaces on-site. The adjacent 5.75-acre lot at 7067 Jimmy Carter Boulevard fronts 118 feet on Jimmy Carter Boulevard and 736 feet on Peachtree Industrial Boulevard. Totaling 10.44 acres, the parcels collectively front 301 feet on Jimmy Carter Boulevard and 831 feet on Peachtree Industrial Boulevard at a signaled curb cut promoting maximum visibility. LOCATION OVERVIEW Peachtree Corners is a dynamic and innovative community located in Gwinnett County. Known for its high quality of life, the city offers excellent schools as well as spectacular parks and recreational facilities. With a population of over 40,000 residents, Peachtree Corners is part of a rapidly growing economy. The property is conveniently situated near major transportation corridors, including I-85, Peachtree Parkway (GA-141) and I-285, providing easy access to the greater Atlanta area. INVESTMENT HIGHLIGHTS • 301 feet of frontage on Jimmy Carter Blvd and 831 feet on Peachtree Industrial Blvd • Ideal redevelopment opportunity for the aging community • Onsite utilities including water and sewer are available • Located near key amenities like The Forum on Peachtree Parkway • Easy accessibility to I-85, I-285, and Peachtree Parkway (GA-141) • Owner financing available DEMOGRAPHICS The property boasts impressive traffic counts with an average daily traffic (ADT) of 31,200. The area is characterized by a robust average household income of $109,062. The median age of the population is 35.6 years, and the median home value stands at $425,100. Additionally, the property benefits from a substantial daytime population of 35,142. NEARBY AMENITIES Nearby major retailers include Home Depot (3 miles), Walmart (2.5 miles), and Publix (3 miles). Restaurants such as Tortugas Cuban Grill (1 mile) and Chick-fil-A (2.5 miles) are easily accessible. Recreational amenities like Holcomb Bridge Park (2 miles) and Best Friend Park (3.5 miles) are nearby. The nearest bus stop is a 2-minute walk from the subject property. The Doraville transit station (4.7 miles), and Public Storage (2 miles) are located nearby. DEVELOPMENT & INFRASTRUCTURE PROJECTS Jimmy Carter Blvd / GA-140 Improvements: There are ongoing and planned road widening and spot improvement projects on Jimmy Carter Blvd from I-85 to Lawrenceville Hwy/US-29. These improvements aim to enhance capacity and reduce congestion, which increases the appeal of the property for redevelopment. I-85 Major Crossing Enhancements: There are significant improvements planned for the I-85 corridor, including major crossing enhancements from Jimmy Carter Blvd to I-985. These projects are designed to improve traffic flow and connectivity, which further enhances the area for development. Diverging Diamond Interchange at I-85: The diverging diamond interchange (DDI) at I-85 and Jimmy Carter Blvd has been under construction to improve traffic movement. This project, while significant, is not expected to cause long-term disruptions and will ultimately improve accessibility. Strategic Implications: These factors are positive indicators for potential investors interested in multifamily development, as they align with the Gwinnett County 2040 Unified Plan's goals for improved mobility and accessibility. Zoning and Future Land Use: The Atlanta Regional Commission has granted almost $300,000 to Gwinnett County to help redevelop the area around Jimmy Carter Boulevard. The master plan aims to establish future land use recommendations along Jimmy Carter Boulevard, revitalizing investments for affordable housing. The Gateway85 Gwinnett Community Improvement District is also working to ensure that zoning and development regulations encourage sustainable redevelopment. The sites are currently zoned C-2 General Business, supporting various commercial uses to include nursing homes, hospitals and healthcare related facilities, group and congregate personal care homes and rehab centers, retail, dining, office, and more making the site ideal for potential senior living community development.

zoning

Zoning Code C-2
C-2
  • Listing ID: 33793851

  • Date on Market: 07/11/2024

  • Last Updated:

  • Address: 7065 Jimmy Carter Blvd, Norcross, GA 30092

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