314 Luckie St - High Rise Development Site Downtown Atlanta 0.84 Acres of Commercial Land Offered at $12,500,000 in Atlanta, GA 30313
INVESTMENT HIGHLIGHTS
- Ingress/egress at 314 Luckie St, 350 Marietta St & 290 Simpson St | Three street frontages totaling 335 SF
- Transit Score - Excellent Transit (75)
- Possibly develop up to 514,929 SF commercial
- Walk Score - Very Walkable (86)
- Possibly develop up to 683,597 SF residential
- Three street frontages totaling 335 SF | Zoning SPI-1 Subarea 5
EXECUTIVE SUMMARY
Opportunity to acquire a prime downtown Atlanta development site across the street from the Georgia Aquarium within a few blocks of State Farm Arena, the Georgia World Congress Center, Mercedes Benz Stadium, the World of Coke and Centennial Olympic Park.
The site is zoned SPI-1 SA5 calling for dense development for various uses including hotel, multifamily, retail or mixed-use. One possible plan can be seen on page 13 to build 200 apartment units on 18 floors with 10,500 SF of retail and 240 parking spaces.
The site is currently used as a parking lot, producing an average NOI of $750,000 annually. This use can be continued to hold for future development.
The site is zoned SPI-1 SA5 calling for dense development for various uses including hotel, multifamily, retail or mixed-use. One possible plan can be seen on page 13 to build 200 apartment units on 18 floors with 10,500 SF of retail and 240 parking spaces.
The site is currently used as a parking lot, producing an average NOI of $750,000 annually. This use can be continued to hold for future development.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $12,500,000 |
| Price Per AC | $14,880,952.38 |
| Lot Size | 0.84 AC |
DESCRIPTION
Opportunity to acquire a prime downtown Atlanta development site across the street from the Georgia Aquarium within a few blocks of State Farm Arena, the Georgia World Congress Center, Mercedes Benz Stadium, the World of Coke and Centennial Olympic Park. The site is zoned SPI-1 SA5 calling for dense development for various uses including hotel, multifamily, retail or mixed-use. One possible plan can be seen on page 13 to build 200 apartment units on 18 floors with 10,500 SF of retail and 240 parking spaces. The site is currently used as a parking lot, producing an average NOI of $750,000 annually. This use can be continued to hold for future development.
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Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 14-0078-0001-059-3 | Improvements Assessment | $193,880 |
| Land Assessment | $2,150,520 | Total Assessment | $2,344,400 |
ZONING
| Zoning Code | SPI-1 Subarea 5 (https://library.municode.com/ga/atlanta/codes/code_of_ordinances?nodeId=PTIIICOORANDECO_PT16ZO_CH16-18ASDOSPPUINDIRE) |
