547 Ponce De Leon AveAtlanta, GA 30308

Property Details for 547 Ponce De Leon Ave

Year built

1950

Construction

WOOD

Lot size

0.47 AC

Property size (Sq ft)

5,250 SF

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

14 004800120555

APU

14004800120555

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $799,302

  6.5%

  $737,818

  7%

  $685,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $996,001

  Geo Method

  $1,024,065

• Alternative Use

  Use

  Valuation

  Residential

  $914,894

  Hospitality

  $838,038

  Educational

  $697,238

  Medical

  $721,217

  Retail

  $1,084,592

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

Property Tax & Assessments

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