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3101 Towercreek PkwyAtlanta, GA 30339

Prime Atlanta Office, Owner/User Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
This seven-story, Class A office building, One Tower Creek (99,655 square feet), presents a unique owner-user opportunity with significant redevelopment potential. Located in Atlanta's Cumberland area at 3101 Towercreek Pkwy SE, 30339, this multi-tenant property (currently 30% occupied, 8 tenants) boasts 334 parking spaces and sits on a 2.98-acre lot. Built in 1986 and renovated in 2016, it offers 60,000 square feet of contiguous space across four floors, ideal for various-sized users. The property enjoys exceptional visibility along I-285 (over 212,000 vehicles per day), with easy access to I-75. Its location within the Cumberland corporate hub, near The Battery Atlanta and the Bob Callan Trail, provides significant advantages. The property's OI zoning allows for potential development of underutilized land, such as townhomes or build-to-rent units, further enhancing its value. The current Net Operating Income (NOI) is $82,000, with full occupancy projected by October 1, 2024. Financials are available upon request.

Highlights

  • Owner-user opportunity: 60,000 contiguous SF across four floors in a 99,655 SF, seven-story Class A building, with potential for full building expansion.
  • Excellent access to I-75 and I-285, offering easy ingress/egress.
  • High visibility from I-285, with over 212,000 vehicles per day passing by, presenting significant signage opportunities.
  • Prime location in the Cumberland corporate hub, near major employers including Home Depot, and The Battery Atlanta.
  • Significant development potential: 2.98-acre lot with OI zoning allows for townhomes or build-to-rent development.
  • Proximity to the Bob Callan Trail offers a nearby recreational amenity for tenants.

Property Details for 3101 Towercreek Pkwy

Property type
Office properties
Square Feet
99,655 SF
Class
A
Year Built/Renovated
1986/2016
Stories
7
Lot Size (sq. ft)
129,809 SF

Location Insight

City
Atlanta
County
Cobb
State
Georgia
Latitude
33.891314
Longitude
-84.45571
3101 Towercreek Pkwy, Atlanta, Georgia

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3101 Towercreek Pkwy
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