770-361-3104
555 Courtland St, Atlanta, GA for Sale
Commercial LAND - FOR SALE
1/5
65,340 SF

555 Courtland St
Atlanta, GA 30308
SoNo


HIGHLIGHTS

  • Approximately 1.5-acre redevelopment site strategically located at the Downtown/Midtown Atlanta interface.
  • Existing development concepts demonstrate substantial vertical development capacity while preserving flexibility to evaluate alternative configuration
  • Approximately 689,000 SF of total development potential based upon existing entitlement information
  • Income-producing medical facility with existing lease through June 2028 provides interim cash flow during the holding, planning and predevelopment
  • Strategic location near Emory University Hospital Midtown, Georgia Tech, MARTA, Downtown Atlanta, the Civic Center redevelopment and The Stitch.
  • Located within economic-development incentive areas that may provide access to development tools and incentives, subject to purchaser verification

OVERVIEW

555 Courtland offers a rare opportunity to acquire approximately 1.5 acres of strategically located Atlanta real estate with approximately 689,000 SF of development potential and existing interim income. Located at the Downtown/Midtown interface near Emory University Hospital Midtown, the property combines substantial redevelopment potential with an existing income-producing medical facility. This combination provides a purchaser the opportunity to acquire and control the site today, receive interim income, undertake planning and predevelopment, and position the property for redevelopment as capital-market and construction conditions improve. Existing development concepts contemplate substantial vertical development and demonstrate the scale of development evaluated for the property. However, the opportunity is not limited to execution of the existing two-tower concept or to a predetermined first-phase size. A purchaser can evaluate the optimum development program, configuration and phasing based upon market conditions, financing, applicable entitlements and governmental requirements. The approximately 689,000 SF of total development potential provides flexibility for a variety of development strategies. Depending upon purchaser objectives and applicable approvals, potential alternatives may include multifamily, mixed-use, hotel, medical/institutional, student-oriented housing, phased development or combinations of uses. Unlike vacant development land, the property currently benefits from an operating medical facility providing interim income during the holding and planning period. For a developer or investor taking a longer-term view of Atlanta, 555 Courtland provides the opportunity to secure a difficult-to-replace redevelopment site during the current development and financing cycle and prepare the property for redevelopment as market conditions strengthen. DEVELOPMENT STRATEGY ACQUIRE NOW. PLAN DURING THE DOWN-CYCLE. DEVELOP INTO THE NEXT CYCLE. Detailed development concepts, entitlement information, lease information and other due-diligence materials are available to qualified prospective purchasers. Seller will consider reasonable proposals and transaction structures from qualified purchasers. +/- 1.5 ACRES | +/- 689,000 SF DEVELOPMENT POTENTIAL

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Strategic Midtown ATL Redevelopment Opportunity ji

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Office, Mixed Use, Multi-Family, Apartment Units, Medical

LAND ACRES

1.5 AC

LAND SF

65,340 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

SPI-1

APN/PARCEL ID

14-0050-0002-066-9,14-0050-0002-067-7,14-0050-0002-088-3,14-0050-0002-089-1,14-0050-0002-090-9,14-0050-0002-135-2

ASK ABOUT THIS PROPERTY

T. Brian Glass SoNoLinden Management CompanyMore Info
770-361-3104

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T. Brian Glass SoNoLinden Management CompanyMore Info
770-361-3104

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.