GA > Atlanta
Atlanta, GA 30308,547 Ponce De Leon AVE NE
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Atlanta, GA 30308,547 Ponce De Leon AVE NE
Atlanta, GA 30308,547 Ponce De Leon AVE NE
Atlanta, GA 30308,547 Ponce De Leon AVE NE
Atlanta, GA 30308,547 Ponce De Leon AVE NE
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Tiffany Spencer

Tiffany Spencer

+1(770) 330-7579
$ 3,000,000
Est. payment /mo
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547 Ponce De Leon AVE NE Atlanta, GA 30308

5,250 SqFt

UPDATED:

08/17/2024 12:27 AM

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

Parking Features 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

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

First Multiple Listing Service(FMLS)
Listed by Keller Williams Realty Intown ATL

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Tiffany Spencer

Real Estate Advisor | License ID: 401859

+1(770) 330-7579

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547 Ponce De Leon AVE NE