$ 3,000,000
547 Ponce De Leon AVE NE Atlanta, GA 30308
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Listed by William T. Shoemaker • Keller Williams Realty
$ 3,000,000
Est. payment /mo
Active
547 Ponce De Leon AVE NE Atlanta, GA 30308
0.47 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Old Fourth Ward
MLS Listing ID 10299573
Construction Status Resale
Year Built 1950
Annual Tax Amount $27,128
Tax Year 2023
Lot Size 0.471 Acres
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.
Location
State GA
County Fulton
Zoning MRC-2-C
Interior
Heating Central, Natural Gas
Cooling Central Air
Flooring Carpet, Hardwood, Tile
Exterior
Garage Paved, Parking Lot
Garage Spaces 22.0
Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
Roof Type Other
Building
Sewer Public Sewer
Construction Status Resale
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