377 Centennial Olympic Park Dr NW - Hospitality FOR SALE


Atlanta, GA 30313
$14,500,000 USD
407-451-9182
377 Centennial Olympic Park Dr NW, Atlanta, GA for Sale
$14,500,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

377 Centennial Olympic Park Dr NW
Atlanta, GA 30313


HIGHLIGHTS

  • Construction Ready Hotel Development! - Fully Permitted Construction Drawings For 188 Key Hotel Development
  • Residence Inn By Marriott Franchise Flag In Place
  • Ideally Positioned For Upcoming World Cup Games - One-Mile From Mercedes-Benz Stadium
  • Located In Close Proximity To: Georgia Aquarium, Georgia Tech, Georgia State University, Centennial Olympic Park, Centennial Yards, World of Coca-Cola

OVERVIEW

Marcus & Millichap is pleased to present this development opportunity for a 188 Key - Residence Inn by Marriott in Downtown Atlanta. The property is completely construction ready, with full construction plans permitted and entitlements in place. The subject site is ideally located on Centennial Olympic Park Drive in Downtown Atlanta's Hotel Zone. The property beneits greatly from it's ideal location between the Georgia Aquarium (the largest aquarium in the United States), Centennial Olympic Park, Georgia Tech, Mercedes Benz Stadium, State Farm Arena, and More! The area beneits from the current tourists attractions and events, corporate headquarters and conferences, and upcoming developments set to further bolster the area. The new hotel development will serve to capitalize on the current visitor demand in Atlanta, while capturing the anticipated demand that will be created from the eight World Cup Games Mercedes Benz Stadium will host in the summer of 2026. The property will be delivered with permitted construction plans for the development.

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$58 USD /SF

# OF ROOMS

162

PRICE/ROOM

$89,506 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shovel-Ready,188-Key Downtown ATL Development

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

14

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2027

PARKING SPACES

129

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

C1

APN/PARCEL ID

14-0079-0011-057-4

ASK ABOUT THIS PROPERTY

Shujan ValianiMarcus & MillichapMore Info
407-451-9182

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Shujan ValianiMarcus & MillichapMore Info
407-451-9182

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