450 Capitol Ave SE - Apartments FOR SALE
Atlanta, GA 30312 |
450 Capitol Ave SE
Atlanta, GA 30312
HIGHLIGHTS
- Total of ± 246,000 existing SF with parking deck/garage on ± 3.25 acres | Zoned MRC-3C
- Building is currently gutted (concrete shell) with 98% of asbestos remediated (was a 406-room hotel with conference/banquet space and outdoor pool)
- Permitted and approved for a 260-unit apartment conversion, with 33,000 SF of retail
- Seller also has plans for 287 units with 23,000 SF of retail (no permits or approvals)
- Site has up to ± 773,000 SF of remaining FAR under the existing entitlements | Up to ± 915,000 SF of FAR with bonuses
- Located within walking distance of Downtown Atlanta & Georgia State University | Easy access to I-85 and I-20
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
STATUS
Proposed
BUILDING DETAILS
PROPERTY NAME
Adaptive Re-Use Development Opportunity
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Hi-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
246000
STORIES
15
YEAR BUILT
2027
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
14-0053-0004-209-0
