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547 Ponce De Leon Avenue NE

Atlanta, GA 30308
  • $3,000,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 10299573
$3,000,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,250
    SQFT
  • $571
    $/SQFT
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

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.

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Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Jarrett Martin Group | Corcoran Classic Living are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Jarrett Martin Group | Corcoran Classic Living. Data last updated: 2024-05-26T22:15:25.11.
www.jarrettmartingroup.com/homes/150540089
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547 Ponce De Leon Avenue NE Atlanta, GA 30308

  • Price: $3,000,000
  • Status: Active
  • On Site: 11 Days
  • MLS #: 10299573
0
Beds
0
Baths
0
½ Baths
0.47
Acres
5,250
SQFT
$571
$/SQFT
1950
Built
County:
Fulton
Area:
ATLANTA
Property Description
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.
Exterior Features

Attached Garage YN No Carport YN No Construction Materials BrickFrame Frontage Length Total Road Frontage Length: 45 Garage YN No Lot Features Business Park Lot Size Area 20516.76 Lot Size Source Public Records Lot Size Units Square Feet Parking Features PavedParking Lot Parking Total 22 Road Frontage Type Other Roof Other

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 5250 Building Area Units Square Feet Cooling Central Air Cooling YN Yes Flooring CarpetHardwoodTile Heating CentralNatural Gas Heating YN Yes Living Area Source Public Records Living Area Units Square Feet

Property Features

Business Type Professional/Office District 0 Electric On Property YN Yes Land Lot 0 New Construction YN No Other Equipment Fixtures Property Condition Resale Property Sub Type Commercial Section 0 Security Features Security Gate Sewer Public Sewer Tax Annual Amount 27128 Tax Year 2023 Utilities Cable AvailableElectricity AvailableHigh Speed InternetNatural Gas AvailableSewer AvailableWater Available Water Source Public

GAMLS logo Listing provided courtesy of Keller Williams Realty: 404-541-3500. © 2024 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


Georgia MLS logo© 2024 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than The Jarrett Martin Group | Corcoran Classic Living are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or The Jarrett Martin Group | Corcoran Classic Living. Data last updated: 2024-05-26T22:15:25.11.
 
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The Jarrett Martin Group | Corcoran Classic Living
940 Prince Ave STE C
Athens GA, 30606