Kodak Building - Ponce Development
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Kodak Building - Ponce Development
3 Properties Offered at £2,283,025 in Atlanta, GA
INVESTMENT HIGHLIGHTS
- Total Assemblage Acreage: 0.4132 AC
- Landmark Building Site Development Rights with Negotiated Conditions
- Includes The Kodak Building, The Atlanta Eagle Building, and The Adjoining Parking Lot
- Total Building SF: 13,800 SF
- Located Walking Distance to Ponce City Market
- Extremely Rare Development Opportunity in Atlanta's Hottest Area
EXECUTIVE SUMMARY
Rise Property Group is pleased to present a rare redevelopment opportunity in the heart of Atlanta - located adjacent from Ponce City Market. This redevelopment project includes three adjoining properties.
1) The Kodak Building - The Kodak Building is located at the hard corner of Argonne Ave & Ponce De Leon Ave NE and has historical significance - Atlanta’s first black Mayor, Mayor Shirley Franklin, used this site to launch her political campaign. This site is 0.1102 AC and sits the historic 6,800 SF Kodak Building on the property.
2) The Atlanta Eagle Building - The Eagle Building includes a shell of a former residential house and was home to the Atlanta Eagle Nightclub since 1988. “The Nightclub” is no longer operational and the space remains vacant. The site is 0.2479 AC and is located directly adjacent to the Kodak Building.
3) Kodak / Eagle Parking Lot - Additional paved parking lot utilized by former tenancy and the location of ingress/egress to subject properties. The site is 0.0551 AC.
Total Property Assemblage - 0.4132 AC and currently Zoned MRC-2/Landmark. : As of June 14, 2021, the City of Atlanta designated these properties as Landmark Building Sites. The zoning is currently designated as MRC-2 LBS, but the underlying zoning remains MRC-2-C. All building, set-back, & height regulations/allowances are subject to the negotiated conditions specified on slide “Zoning Negotiated Conditions”. Current ownership spent $100,000+ securing development rights subject to these negotiated conditions.
1) The Kodak Building - The Kodak Building is located at the hard corner of Argonne Ave & Ponce De Leon Ave NE and has historical significance - Atlanta’s first black Mayor, Mayor Shirley Franklin, used this site to launch her political campaign. This site is 0.1102 AC and sits the historic 6,800 SF Kodak Building on the property.
2) The Atlanta Eagle Building - The Eagle Building includes a shell of a former residential house and was home to the Atlanta Eagle Nightclub since 1988. “The Nightclub” is no longer operational and the space remains vacant. The site is 0.2479 AC and is located directly adjacent to the Kodak Building.
3) Kodak / Eagle Parking Lot - Additional paved parking lot utilized by former tenancy and the location of ingress/egress to subject properties. The site is 0.0551 AC.
Total Property Assemblage - 0.4132 AC and currently Zoned MRC-2/Landmark. : As of June 14, 2021, the City of Atlanta designated these properties as Landmark Building Sites. The zoning is currently designated as MRC-2 LBS, but the underlying zoning remains MRC-2-C. All building, set-back, & height regulations/allowances are subject to the negotiated conditions specified on slide “Zoning Negotiated Conditions”. Current ownership spent $100,000+ securing development rights subject to these negotiated conditions.
PROPERTY FACTS
| Price | £2,283,025 | Number of Properties | 3 |
| Price / SF | £134.38 / SF | Individually For Sale | 0 |
| Sale Condition | Development Sale | Total Building Size | 16,989 SF |
| Sale Type | Investment | Total Land Area | 0.41 AC |
| Status | Active |
| Price | £2,283,025 |
| Price / SF | £134.38 / SF |
| Sale Condition | Development Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 16,989 SF |
| Total Land Area | 0.41 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Kodak Bldg
300 Ponce de Leon Ave NE, Atlanta, GA 30308 |
Office | 8,542 SF | 1950 | - |
|
Kodak/Eagle Parking Lot
0 Argonne Ave, Atlanta, GA 30308 |
Specialty | - | 2023 | - |
| 306 Ponce De Leon Ave, Atlanta, GA 30308 | Retail | 8,447 SF | 1950 | - |
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Kodak Building - Ponce Development
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