For Sale
$3,000,000

547 Ponce De Leon AveAtlanta, GA 30308

Ponce City Market Area, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5,250 square foot executive office building, situated on a 0.471-acre lot at 547 Ponce De Leon Avenue NE in Atlanta, Georgia, presents a compelling investment opportunity. Built in 1950 and renovated in 2006, the two-story brick structure boasts 22 gated surface parking spaces – a rare find in this vibrant location. The property's current configuration includes a first floor with a meeting room, conference room, four offices, two restrooms, a breakroom, and a lobby; and a second floor featuring five offices, a breakroom, two meeting rooms, a conference room, two bathrooms, and a file room. Flooring is a mix of hardwood, carpet, and tile. Recent improvements include roof and HVAC upgrades. The building is classified as a Class C investment property. However, its prime location, a block from Ponce City Market and the BeltLine, offers significant redevelopment potential. Options include utilizing the existing building, demolishing for new construction at the current level, or excavating to the Ponce level. A completed geotechnical exploration indicates minimal resistance for foundation construction down to at least 14-59 feet. The surrounding area's thriving business and entertainment scene, along with record-breaking rental rates, supports various development scenarios, including a boutique hotel (up to five stories) or a mixed-use development of private residences and leased units. The asking price is $3,000,000. This property offers a unique blend of immediate income potential and substantial long-term growth prospects.

Highlights

  • $3,000,000 asking price for a retail and office property.
  • 5,250 SF, two-story brick building with 22 gated surface parking spaces on a 0.471-acre lot.
  • Located at 547 Ponce De Leon Avenue NE, Atlanta, GA 30308, one block from Ponce City Market and the Beltline.
  • Built in 1950, renovated in 2006 with recent roof and HVAC upgrades; currently classified as a Class C investment property.
  • Significant redevelopment potential, including the option to raze and rebuild up to five stories.

Property Details for 547 Ponce De Leon Ave

Property type
Retail properties, Office properties
Year Built
1950
Buildings
1
Lot Size (sq. ft)
20,517 SF

Location Insight

City
Atlanta
County
Fulton - GA
State
Georgia
Latitude
33.7734491
Longitude
-84.3690659
547 Ponce De Leon Ave, Atlanta, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
547 Ponce De Leon Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message