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    420 Chapel St Atlanta, GA 30313

    For Sale
    $2,850,000

    0.56-acre lot near Centennial Yards

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.56-acre commercial land parcel, located at 420 Chapel St SW in Atlanta, Georgia (zip code 30313), presents a unique investment opportunity. Situated on a level corner lot, this property is ideally positioned to capitalize on the significant growth and development surrounding the $5 billion Centennial Yards project ("The Gulch"). This mixed-use development encompasses 50 acres and will feature 12 million square feet of office, retail, residential, and hospitality space. The property's MRC-2C zoning within the City of Atlanta allows for a variety of commercial uses. Currently utilized for surface event parking, its proximity to Castleberry Hill's retail district, Mercedes-Benz Stadium, and State Farm Arena provides unparalleled accessibility and visibility. The location offers a short walk to these venues and is strategically situated for potential assemblage with neighboring properties, further enhancing its development potential. This prime location offers easy access to major transportation arteries and is poised to benefit from the substantial investment and revitalization occurring in the area. The property's corner lot configuration and its adjacency to the Centennial Yards development make it an exceptional opportunity for investors seeking a high-growth, high-impact commercial investment in the heart of Atlanta.

    Property Features for 420 Chapel St

    General Information

    Property type
    Land
    Lot Size
    24,394 SF

    HighLights

    • Atlanta MRC‑2C zoning.
    • Excellent Castleberry Hill retail proximity.
    • Currently surface parking; short walk to Mercedes‑Benz Stadium.
    • Ideal assemblage opportunity.
    • Convenient access to Mercedes‑Benz Stadium, State Farm Arena, and Centennial Yards.
    • Level corner lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Law Firm Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.401272
    Latitude
    33.751788

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    FAQs

    What type of property is this?
    Land - 0.56-acre lot near Centennial Yards
    Where is this land located?
    The property is located at 420 Chapel St Atlanta, GA.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: Atlanta MRC-2C zoning.; Excellent Castleberry Hill retail proximity.; Currently surface parking; short walk to Mercedes-Benz Stadium.
    Request Owner's contact information
    420 Chapel St Atlanta, GA 30313
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    Atlanta, GA 30313
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Chapel St Atlanta, GA 30313
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