3160 Donald Lee Hollowell Parkway NW

Offered at $825,000, 3160 Donald Lee Hollowell Parkway NW is a 1,996 SF former fast-food restaurant building on 0.60 acres along the Donald Lee Hollowell Parkway corridor in Northwest Atlanta's Bankhead area — a redevelopment and repositioning opportunity on a high-visibility arterial.

Property Facts

• Building: 1,996 SF restaurant building (Fulton County record), built 1983
• Lot: 0.60 acres (26,136 SF)
• Zoning: C-2 Commercial
• Parcel: Fulton County parcel 17 026000030279
• 2026 county appraised value: $516,000
• Former use: Fast-food restaurant, most recently American Wings Seafood
• Corridor: Donald Lee Hollowell Parkway, Northwest Atlanta (Bankhead corridor) — a multi-lane arterial with direct site access. Bus stop at the frontage, gas station immediately west, large shopping plaza across the parkway, and industrial/warehouse uses to the east.

Tax Incentives

Eligibility must be independently verified with the City of Atlanta / Georgia DCA and the buyer's tax advisor.

• City of Atlanta Urban/Westside Enterprise Zone: 10-year phased exemption on new building improvements — Years 1–5: 100% exemption; Years 6–7: 80%; Year 8: 60%; Year 9: 40%; Year 10: 20%. Plus business license fee abatements and potential development/permit fee relief for qualifying redevelopment.
• Georgia State Opportunity Zone job tax credits: up to $3,500 per net new full-time job per year, claimable up to 5 years (e.g., 15 jobs = up to $52,500/year, $262,500 over 5 years); excess credits may offset state payroll withholding.
• Federal: cost segregation (reclassify components into 5/7/15-year schedules) and bonus depreciation for upfront first-year write-offs on renovations.
• New Markets Tax Credit: potential eligibility for qualifying community/healthcare/high-employment redevelopment.

Market Snapshot

CCIM IntelliSite / Esri 2026 estimates — all figures are estimates.

• 1-mile restaurant demand of ~$9M annually with 8 existing food establishments
• Population: 7,845 (1-mi), 67,324 (3-mi), 199,414 (5-mi)
• Median household income: $43,965 (1-mi) / $74,503 (3-mi) / $86,040 (5-mi)

Diligence Note

• Minimal mapped flood risk — outside FEMA special flood hazard areas (FEMA panel 13121C0236F).
• No cap rate, NOI, occupancy, tenant income, or lease terms are represented; buyers verify independently.

Photo Notes

• Street-level views: existing condition — January 2025
• Annotated aerials: site plans with red site boundary
• Renovation image: illustrative renovation concept — for marketing visualization only

Contact

Tuy Dewey Luong, CCIM — SERHANT. Georgia
(678) 707-2498