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    405 Pharr Rd Atlanta, GA 30305

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    For Sale
    Contact for pricing

    Prime Buckhead location, 0.66 acres, redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.66-acre assemblage in Atlanta's coveted Buckhead area presents a unique redevelopment opportunity. Comprising four adjacent parcels at 405 Pharr Rd NE and 2995, 3001, and 3005 Lookout Pl NE, this property boasts a prime location within the SPI 9 Buckhead Village District, Subarea 3: Extended Village. The site's strategic position on busy Pharr Road ensures high visibility and accessibility, while its corner location on Lookout Place serves as a gateway to the desirable Garden Hills residential neighborhood. Built between 1930 and 1950, the existing structures offer a blank canvas for a mixed-use development, permitted under the current zoning. The property's proximity to Frankie Allen Park provides access to numerous amenities, including walking trails, sports fields, and picnic areas. This presents an exceptional chance to create a high-end, environmentally conscious, mid-rise development that capitalizes on the area's strong demand and vibrant atmosphere. The four buildings currently house four tenants, offering flexibility for future plans. This is a rare opportunity to acquire a significant parcel in one of Atlanta's most sought-after commercial districts. The 0.66 acres offer considerable potential for a variety of development options, making this an ideal investment for discerning developers seeking a high-impact project in a prime location.

    Property Features for 405 Pharr Rd

    General Information

    Property type
    Medical offices
    Class
    A
    Lot Size
    28,750 SF

    Building Details

    Buildings
    4

    HighLights

    • Prime Buckhead location ideal for development.
    • 0.66‑acre site zoned SPI 9, offering versatile development options.
    • High‑traffic Pharr Road location ensures excellent visibility and accessibility.
    • Gateway to the exclusive Garden Hills neighborhood.
    • Proximity to Frankie Allen Park and its recreational amenities.
    • Excellent value‑add opportunity for a mixed‑use redevelopment project.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Hibachi Ninja Japanese Restaurant Chiropractic Healthcare of Buckhead Chiropractor Bruce Salzinger, DC Chiropractor MOBLSPA Online Booking Alternative Medicine Practitioner Christian Garcia Torres Chiropractor

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Building Supply Nail Salon 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
    -84.3746299
    Latitude
    33.836869

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    FAQs

    What type of property is this?
    Medical office - Prime Buckhead location, 0.66 acres, redevelopment opportunity.
    Where is this medical office located?
    The property is located at 405 Pharr Rd Atlanta, GA.
    What are key features of this property?
    This property features: Prime Buckhead location ideal for development.; 0.66-acre site zoned SPI 9, offering versatile development options.; High-traffic Pharr Road location ensures excellent visibility and accessibility.
    Request Owner's contact information
    405 Pharr Rd Atlanta, GA 30305
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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
    405 Pharr Rd Atlanta, GA 30305
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