567 North Ave NE
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567 North Ave NE
17,685 SF Flex Building Atlanta, GA 30308 $9,500,000 ($537/SF) 3.58% Cap Rate
Investment Highlights
- Frontage on both North Avenue and Arnold Street
- Seller will consider a joint venture with a qualified Investor/Developer
- Potential Redevelopment Site with Cash Flow near Ponce City Market
- Outstanding 1031 Property Opportunity
Executive Summary
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
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 Facts
| Price | $9,500,000 | Rentable Building Area | 17,685 SF |
| Price Per SF | $537 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1970 |
| Cap Rate | 3.58% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 1.41/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16’ |
| Lot Size | 0.89 AC | No. Drive In / Grade-Level Doors | 2 |
| Price | $9,500,000 |
| Price Per SF | $537 |
| Sale Type | Investment NNN |
| Cap Rate | 3.58% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.89 AC |
| Rentable Building Area | 17,685 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 1.41/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Air Conditioning
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Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 14-0047-0003-139-9 | Improvements Assessment | $58,000 |
| Land Assessment | $646,000 | Total Assessment | $704,000 |
PROPERTY TAXES
Parcel Number
14-0047-0003-139-9
Land Assessment
$646,000
Improvements Assessment
$58,000
Total Assessment
$704,000
zoning
| Zoning Code | C1 (Commercial) |
| C1 (Commercial) |
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567 North Ave NE
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