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314 Luckie St - High Rise Development Site Downtown Atlanta

0.84 Acres of Commercial Land Offered at £10,018,750 in Atlanta, GA 30313

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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.

Offering Memorandum

Property Facts

Price	£10,018,750	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Hotel
No. Lots	1	Total Lot Size	0.84 AC
Property Type	Land

Price	£10,018,750
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily Hospitality Apartment Units Apartment Units - Condo Hotel
Total Lot Size	0.84 AC

1 Lot Available

Lot

Price	£10,018,750	Lot Size	0.84 AC
Price Per AC	£11,927,084

Price	£10,018,750
Price Per AC	£11,927,084
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.

Links

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Walk Score ®

Very Walkable (86)

Transit Score ®

Excellent Transit (75)

Bike Score ®

Very Bikeable (77)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

zoning

Zoning Code	SPI-1 Subarea 5 (https://library.municode.com/ga/atlanta/codes/code_of_ordinances?nodeId=PTIIICOORANDECO_PT16ZO_CH16-18ASDOSPPUINDIRE)
SPI-1 Subarea 5 (https://library.municode.com/ga/atlanta/codes/code_of_ordinances?nodeId=PTIIICOORANDECO_PT16ZO_CH16-18ASDOSPPUINDIRE)