Pharr Road properties sold for $10 million

A 6.5-acre tract of land on Pharr Road, across from the Streets of Buckhead, was recently sold for $10 million, according to the firm that brokered the deal.

The land, which has approximately 400 feet of frontage on Pharr Road and 120 feet on Peachtree Avenue, is zoned for up to 1.2 million square-feet of mixed-use development, according to Atlanta-based Resource Real Estate Partners, who represented the seller.

The asking price for the lots, which include nine buildings, at 211 Pharr Rd., 225 Pharr Rd., and 235 Pharr Rd., was $11.5 million. A 72-unit apartment complex at 18 Peachtree Avenue, was also part of the transaction.

The lots were sold by 235 Pharr Rd., Inc., to JLB Pharr Rd., LLC., said John Haynes, of Resource Real Estate Partners.

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