UPDATED: Developer Closes on Lizzie Chapel Property
Property will be converted into condos and single-family home.
INMAN PARK — A developer looking to redevelop the Lizzie Chapel Baptist Church property has closed on the deal, the C Group, a commercial real estate arm of KW Commercial Atlanta Midtown, said.
Terms of the deal for the historic property at 850 Euclid Ave. were not disclosed.
The church is slated to be developed into a single-family home by the buyer, Larry B. Culbertson, managing broker of the C Group, told East Atlanta Patch in a statement.
Culbertson represented the seller, LBK Investments LLC. A confidentiality agreement barred him from disclosing the buyer.
Some 18,000 square feet of the property is zoned for a small conodominium development, he said.
This deal replaces one reached last year with a different developer.
That deal fell through, Culbertson said. Those original plans called for 10, three-story townhomes starting at $300,000.
The Lizzie Chapel is the final parcel to be sold off from what was originally a 1-acre site.