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

September 13, 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

Based on information from Georgia MLS as of 9/13/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

©2024 Georgia MLS. All rights reserved. Information deemed reliable but not guaranteed. 

Data last updated 5:03 AM UTC, 9/13/2024

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