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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$905,876
6.5%
$836,193
7%
$776,465
Comparable approach
Method
Valuation
Relative Method
$996,001
Geo Method
$1,024,060
Alternative Use
Use
Valuation
Industrial / Distribution
$1,800,490
Retail / Commercial
$893,093
Mixed-Use / Specialty
$866,118
Hospitality / Lodging
$604,469
Institutional / Educational
$891,911
Residential Income
$1,043,540
Multifamily
$1,383,450
Automotive / Energy
$764,495
Parking / Income-Based Land
$287,323
Restaurant / Food Service
$399,701
Healthcare / Senior Housing
$912,585
Location Insight
City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7732
Longitude
-84.3691
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
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Ponce De Leon Ave Atlanta, GA 30308
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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