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Tina Brunetti-Smith

tina.smith@evmountains.com +1(603) 759-3783

$ 3,000,000

Est. payment -/mo

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Active

547 Ponce De Leon Atlanta, GA 30308

5,250 SqFt

UPDATED:

06/06/2024 08:48 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,250 sqft

Price per Sqft $571

MLS Listing ID 10299573

HOA Y/N No

Originating Board Georgia MLS 2

Year Built 1950

Annual Tax Amount $27,128

Tax Year 2023

Lot Size 0.471 Acres

Acres 0.471

Lot Dimensions 20516.76

Property Description

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.

Location

State GA

County Fulton

Zoning MRC-2-C

Interior

Heating Central, Natural Gas

Cooling Central Air

Flooring Carpet, Hardwood, Tile

Equipment Fixtures

Fireplace No

Exterior

Parking Features Paved, Parking Lot

Garage Spaces 22.0

Utilities Available Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available

View Y/N No

Roof Type Other

Total Parking Spaces 22

Garage No

Private Pool No

Building

Lot Description Business Park

Faces Use GPS

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

New Construction No

Others

Tax ID 14 004800120555

Security Features Security Gate

Special Listing Condition Resale

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Tina Brunetti-Smith

Real Estate Advisor | License ID: 433592

+1(603) 759-3783

Tina Brunetti-Smith

547 Ponce De Leon Atlanta, GA 30308

Key Details

Location

Interior

Exterior

Building

Others

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547 Ponce De Leon