1129 Sanders Avenue SE

Phenomenal Development Or Renovation Opportunity In Ormewood Park<br />Built in 1920, this Southern Craftsman is ready to be reinvigorated and reimagined into a charming residence with great curb appeal. <br />Just a few blocks off the Beltline and central to all of the vibrance offered throughout SE Atlanta, this location continues to increase in value exponentially.<br />The opportunity to realize value through renovation and expansion is significant. With an existing structure over 2,000 square feet, and a lot of .25 acre, the potential to add 500 to 1,000+ square feet is easily attainable.<br />The area supports $430+ per square foot for luxury-caliber development.<br />Expansive rooms, multiple plumbing stacks, and a broad foundation combine to offer combinations to reconfigure space, build up, or expand outward.<br />Historic era hallmarks, such as tile fireplaces, tall ceilings, and heart pine floors are just waiting to be revitalized.<br />The lot depth provides the opportunity for a separate garage and/or ADU.<br />Considering New Development?<br />Capitalize on residential development trends in the surrounding area where luxury duplex construction is quickly taking over in-field lots and building upward. <br />Three-story residences could offer 2,000 to 2,600 square feet, or more, and each could command a price of?over $1M.<br />Situated to face Florida Ave., the structure could have a driveway running parallel to the adjacent commercial property, providing a buffer to the residences, and servicing a two-car garage for each unit.<br />New luxury homes in surrounding neighborhoods of Grant Park, Reynoldstown, Edgewood, Kirkwood and Ormewood Park are rapidly taking over city lots. <br />Homes on similar (or slightly smaller) lots have recently been built that offer over 3,400 square feet of luxury living space, with sales prices reaching over $1.4M.<br />Construction of these new homes—completed or underway—can be seen in the blocks surrounding ?1129 Sanders, with new projects set to begin soon.