547 Ponce De Leon AVE NE Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30308
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,250 sqft
Price per Sqft $571
MLS Listing ID 7386909
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1950
Annual Tax Amount $27,128
Tax Year 2023
Lot Size 0.471 Acres
Acres 0.471
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 MRC2C
Lake Name None
Rooms
Other Rooms None
Basement Crawl Space,Interior Entry
Interior
Interior Features Reception Area,Restrooms
Heating Central,Natural Gas
Cooling Central Air
Flooring Carpet,Ceramic Tile,Hardwood
Window Features Skylight(s)
Exterior
Garage Parking Lot
Fence Gate
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
Waterfront Description None
View City
Roof Type Flat,Other
Street Surface Asphalt
Accessibility None
Handicap Access None
Parking Type Parking Lot
Total Parking Spaces 22
Private Pool false
Building
Lot Description Sloped,Street Lights
Story Two
Foundation Block,Brick/Mortar
Sewer Public Sewer
Level or Stories Two
Structure Type Brick 4 Sides,Frame
New Construction No
Construction Status Resale
Others
Senior Community no
Tax ID 14 004800120555
Special Listing Condition None