Active
547 Ponce De Leon Avenue NE
Atlanta GA, 30308
$3,000,000
$571.43 per sqft
Active
5,250 sqft
Commercial
Built in 1950
Incredible opportunity to own a block from Ponce City Market and the Beltline directly on desired Ponce corridor. Property currently functions as a two story brick 5,250 sq ft office building with an unpreceded 22 gated surface parking spaces on 0.471 acres. Perfect for owner-occupant business for entire building or use one story and lease the other story. Existing building first floor has one meeting room, one conference room, four offices, two restrooms, one breakroom, and lobby. The second floor has five offices, one breakroom, two meeting rooms, one conference room, 2 bathrooms, and one file room. The hallways have hardwood flooring and rooms are a combination of hardwoods, carpet and tile. The building was renovated in 2006 with more recent roof and HVAC improvements and considered a class C investment property. Unlimited development potential including using existing building or razing building and redeveloping. Development could be at current surface level or excavated to Ponce level. Initial Geotechnical Exploration completed, and no resistance found for at least 14 - 59 feet on site. Ponce City Market and surrounding businesses and entertainment district would support another boutique hotel similar to adjacent property with potential for up to 5 stories or a combination of private residences and leased units. The room rental rates and office lease rates in the area surrounding the Beltline continue to break records.
10299573
MLSⓇ ID
May 15, 2024
Listed
October 11, 2024
Updated
Map
547 Ponce De Leon Avenue NE
Atlanta GA, 30308
Interior Features
Floor Description
Carpet, Hardwood, Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Size
0.47 Acres
Lot Features
Business Park
Roof
Other
Sewer
Public Sewer
Other Property Details
Taxes
$27,128
Tax Frequency
Annually
Days on Market
22
Garage
No
Parking
Paved, Parking Lot
Parking Total
22
View
No
County
Fulton
Water Source
Public
Pool
No
Listed with Keller Williams Realty
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Data last updated 11:08 PM UTC, 10/11/2024