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489 - 495 Peachtree Street NE - Redevelopment Site, Atlanta, GA
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489 - 495 Peachtree Street NE - Redevelopment Site
Atlanta, GA 30308 - Downtown Atlanta Submarket
For Sale Price:
Excellent redevelopment, owner-user or buy and hold investment in a great location between Midtown and Downtown Atlanta.
Redevelopment: This development opportunity is an approximately 1 acre site on Peachtree Street in Midtown across from Emory University Hospital Midtown. The SPI-1 (sub area 2) zoned site includes 6 parcels with approximately 105' of frontage on Peachtree Street and approximately 162' on Courtland Street allowing for vari-ous development opportunities including apartments, office, medical, to name just a few. Additional parcels can be made available to increase the size of the site (call Andy Lundsberg for further details).
Owner-User: The property currently has 3 buildings totaling +/- 49,000 SF that front Peachtree Street directly across from Emory University Hospital Midtown. The largest building totaling +/- 34,000 SF currently has approximately 20,000 SF of office space available (of which approximately 8,000 SF is built-out for medical) for a potential owner-user. The remaining space in the building and adjacent retail build-ings along with some of the parking in the rear is tenant leased generating positive income to help cover most operating expenses.
Investment Opportunity: The existing improvements are currently +/- 60% occu-pied by tenants generating positive income that covers the current owner's holding costs. Value-add opportunity in leasing up vacant space with the added bonus of future redevelopment, making this property an excellent investment.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Bull Realty Inc.
(404) 876-1640 x107
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