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547 Ponce De Leon Avenue NE

Atlanta, GA 30308
  • $3,000,000
  • STATUS: Active
  • ON SITE: 1 Day
  • MLS #: 7386909
New On Site 1 Day Ago
UPDATED: 178 min ago
$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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First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc. Data last updated 2024-05-17T21:11:08.973. For issues regarding this website, please contact BoomTown.
www.theatlantarealestategroup.com/homes/150539817
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547 Ponce De Leon Avenue NE Atlanta, GA 30308

  • Price: $3,000,000
  • Status: Active
  • On Site: 1 Day
  • Updated: 178 min ago
  • MLS #: 7386909
0
Beds
0
Baths
0
½ Baths
0.47
Acres
5,250
SQFT
$571
$/SQFT
1950
Built
County:
Fulton - Ga
Area:
Fulton - Ga
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

Construction Materials Brick 4 SidesFrame Fencing Gate Foundation BlockBrick/Mortar Land Lot 0 Lot Features SlopedStreet Lights Number Of Parking Spaces 22 Other Structures None Parking Features Parking Lot Pool Private YN No Road Front Feet 45 Road Surface Asphalt Road Type City Street Roof Type FlatOther Stories Two View City Waterfront Features None Window Features Skylight(s)

Interior Features

Basement Crawl SpaceInterior Entry Cooling Central Air Flooring CarpetCeramic TileHardwood Heating CentralNatural Gas Interior Features Reception AreaRestrooms

Property Features

Accessibility Features None Association YN No Business Type Professional/Office Current Zoning MRC2C Electric Other Green Energy Efficient None Green Energy Generation None Home Warranty No Lot Size Dimensions 49x221x40x76x74x288 Other Equipment Fixtures Owner Pays Other Property Attached YN No Property Condition Resale Recommended Zoning Commercial Sale Includes Building & Land Security Features Security GateSecurity Lights Sewer Public Sewer Special Circumstances None Special Listing Conditions None Tax Year 2023 Taxes 27128 Type Business Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available

Listing provided courtesy of Keller Williams Realty Intown ATL: 404-541-3500.


First MLS logo Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 First Multiple Listing Service, Inc. Data last updated 2024-05-17T21:11:08.973. For issues regarding this website, please contact BoomTown.
 
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The Atlanta Real Estate Group | Keller Williams
3350 Atlanta Rd.
Smyrna GA, 30310