547 Ponce De Leon Avenue NE

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.

Property Details

• 

  Bedroom

• 

  0 Bathroom

• 

  5250 Sq.Ft

• 

  City - Atlanta

• 

  GAMLS2 Price - Null

• 

  0 Lot Size sq.ft

• MLS Status

  Active

Directions

Use GPS

Additional Information

• Parking Features

  Parking Lot

• FMLS Listing Number

  7386909

• Listing Provided By

  Keller Williams Realty Intown ATL

• Attribution Contact

  404-541-3500

• Last Updated On

  2024-08-17 00:27:27

• Fire Places

• OnMarket Date

• Lot Size Acres

  0.471

• YearBuilt

  1950

• Occupant Type

• Association Fee

• GAMLS2 Price Per SquareFoot

  Null

• Roof

  Flat, Other

• Property Condition

  Resale

• Window Features

  Skylight(s)

• Construction Materials

  Brick 4 Sides, Frame