567 North Ave NE - Flex FOR SALE


Atlanta, GA 30308
$9,500,000 USD
404-240-2112
567 North Ave NE, Atlanta, GA for Sale
$9,500,000 USD
Flex - FOR SALE
1/2
null | 3.58% Cap Rate

567 North Ave NE
Atlanta, GA 30308


HIGHLIGHTS

  • Frontage on both North Avenue and Arnold Street
  • Potential Redevelopment Site with Cash Flow near Ponce City Market
  • Seller will consider a joint venture with a qualified Investor/Developer
  • Outstanding 1031 Property Opportunity

OVERVIEW

Future redevelopment project located nearly adjacent to Ponce City Market but with income for a number of years. 567 North Avenue is located at the intersection of North Avenue (approximately 158 feet of frontage) and Arnold St. (250 feet of frontage) in the vibrant Old Fourth Ward (“O4W”) of Atlanta’s Midtown. The property consists of approximately .91 acres with a 17,908-square-foot medical office building; is zoned C-1 Commercial and contains no easements or encroachments other than utility easements. Bullock Mannelly Partners is pleased to offer this well-located investment property for sale. DaVita is an outstanding corporate tenant, and the site is in one of Atlanta’s most active development markets. While an outright sale is preferred, the owner will consider a partial sale or joint venture with an experienced and financially secure developer/investor

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$537 USD /SF

CAP RATE

3.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.89

LAND SF

38,777

ZONING

C1

APN/PARCEL ID

14-0047-0003-139-9

ASK ABOUT THIS PROPERTY

Richard MyrickBullock Mannelly Partners, IncMore Info
404-240-2112

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Richard MyrickBullock Mannelly Partners, IncMore Info
404-240-2112

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