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.

7386909

MLS ID

May 13, 2024

Listed

October 14, 2024

Updated

Map

547 Ponce De Leon Avenue NE
Atlanta GA, 30308

Interior Features

Total Stories

2


Interior Features

Reception Area, Restrooms


Floor Description

Carpet, Ceramic Tile, Hardwood


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

Sloped, Street Lights


Roof

Flat, Other


Sewer

Public Sewer

Other Property Details

Taxes

$27,128


Tax Frequency

Annually


Days on Market

95


Garage

No


Parking

Parking Lot


Parking Total

22


View

Yes


View Description

City


County

Fulton - GA


Pool

No


Zoning

MRC2C

Green Building Features

Green Features

None

Listed by William Shoemaker with Keller Williams Realty Intown ATL 404-541-3500

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Data last updated 7:36 PM UTC, 10/14/2024

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