Firm Plans 6-Story Nursing Home at Peachtree-Huntington Corner Lot

A small piece of land at the corner of Peachtree Street and Huntington Road sold for $4.3 million to a Norcross firm that plans to develop a 6-story, 120-bed skilled nursing facility on the site.

Bull Realty brokered the sale, representing the seller, Woodhaven Ventures LP. The 1.15-acre property at 1753 Peachtree Street is less than a half mile south of Piedmont Hospital and the Shepherd Center. The property is immediately north of Brookwood Place retail center, and is zoned C-3.

UHS-Pruitt of Norcross purchased the site this month. The company owns and operates healthcare properties throughout the Southeast. The firm plans to tear down the existing single-story, 9,440-square-foot building to make way for a Class A, 60,832-square-foot skilled nursing facility, with a 108-space, 4 -floor parking deck.

Michael Bull, CCIM, and Daniel Latshaw, CCIM, of Bull Realty marketed the property and represented the seller in the transaction, and Rush Bradley of Lavista Associates represented the buyer.

The site features 123 feet of frontage on Peachtree Street and a daily traffic count of 39,530 vehicles. The new building will have great views of Buckhead and Midtown and will be convenient to numerous high-end restaurants and stores.

“With its proximity to two premier hospitals, this location represents an outstanding purchase for UHS-Pruitt and an ideal demographic for a skilled nursing facility,” said Michael Bull, the founder and president of Bull Realty. “All the factors are in place for this new development to be a wonderful addition to Buckhead and a very successful project.”