Downtown Atlanta Office
For Sale
$4,400,000
107 Luckie Street NW, Atlanta, GA 30303
Office building in downtown entertainment district, ideal for redevelopment.
Property Size18,972 SF
Price / SF$234.04
Days on Market215
Property Features for 107 Luckie Street NW
General Information
Standard status
Active
Size
18,972 SF
Class
B
Property subtype
Office
Site & Location
Neighborhood
Downtown
Building Details
Building Size
18,972 SF
Year Built
1920
Listed By:
Philip Covin
(404) 863-4163
Source:
Pollockcommercial
Added: Mar 25
Changed: Oct 24
Last Checked: Oct 24 at 4:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Philip Covin
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Investment Insights
Based on property information with market context.
Located on Luckie Street in Atlanta's downtown entertainment district, this property offers approximately 18,800 square feet of office space. The three-story building features a combination of open and private offices with high-level finishes. It is conveniently located near multiple amenities, including Mercedes-Benz Stadium, State Farm Arena, World of Coca-Cola, Georgia Aquarium, and the College Football Hall of Fame. Currently serving as headquarters for Matlock Advertising and Public Relations, the property presents an opportunity for both owner-users and long-term redevelopment.
Key Highlights
- Amenity rich location near Mercedes‑Benz Stadium, State Farm Arena, World of Coca‑Cola, Georgia Aquarium, and the College Football Hall of Fame.
- Owner‑user opportunity for immediate occupancy.
- Redevelopment opportunity for long‑term investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,752
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,035,040
$5.0M
Cap Rate 7%
$3,596,457
$3.6M
Cap Rate 9%
$2,797,244
$2.8M
Market Conditions
NOI Build-Up for 18,800 SF
Gross rent
$448.8K $23.87/SF
− Vacancy
−$113.1K −$6.02/SF
EGI
$335.7K $17.85/SF
− OpEx
−$83.9K −$4.46/SF
NOI
$251.8K $13.39/SF
Area
Atlanta, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,035,040
Cap Rate 7%
$3,596,457
Cap Rate 9%
$2,797,244
Alternative Uses
Best Use
Office B
$3.60M
$3.15M – $4.20M
NOI $251,752 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.26M
$4.60M – $6.13M
NOI $367,872 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 30303, GA
9,352
Population
1,625
Households
5.8
Avg Household Size
25
Median Age
25%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
9,352
Density / Sq Mi
$9,322
Median Earnings
$1,705
Median Rent
$250,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Atlanta, GA
Frequently Asked Questions
What type of property is this?
Office building - Office building in downtown entertainment district, ideal for redevelopment.
Where is this office building located?
The property is located at 107 Luckie Street NW Atlanta, GA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Amenity rich location near Mercedes‑Benz Stadium, State Farm Arena, World of Coca‑Cola, Georgia Aquarium, and the College Football Hall of Fame.; Owner‑user opportunity for immediate occupancy.; Redevelopment opportunity for long‑term investment.
