567 North Ave, Atlanta, GA 30308

17,685 SF | Flex Building | Atlanta, GA 30308 | $9,500,000 ($537/SF) | 3.58% Cap Rate

Asking Price $9,500,000

Property Type: Industrial
Price / Square Foot: $537

Listing Contacts

Richard Myrick

Alan Bullock

Property Info

Property 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

Property Details

Class: C
Year Built: 1970
Stories: 1
Property Subtype: Flex
Lot Size (sq. ft): 38,768 SF

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

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