Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    384 Peachtree St Atlanta, GA 30308

    For Sale
    Contact for pricing

    160-Key Hotel, Historic Charm, Distressed Sale

    Property size:
    88,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional redevelopment opportunity presents a unique chance to acquire a distressed 88,000-square-foot hotel in the heart of Atlanta, Georgia. Located at 384 Peachtree St NE, in Fulton County, zip code 30308, this property boasts a prime location adjacent to the I-85/I-75 interchange, ensuring excellent accessibility and high visibility. The existing structure, a 12-story building constructed in 1927, currently features 160 keys. Included in the sale is a substantial 260-space parking deck, a significant asset in a bustling urban environment. This redevelopment project benefits from the availability of historic tax credits, offering substantial financial incentives. Complete architectural plans for a 160-key hotel are already in place, streamlining the development process and minimizing pre-construction delays. This is an unparalleled opportunity to capitalize on Atlanta's thriving hospitality market and transform a landmark building into a modern, profitable hotel. The property is being offered as a distressed sale, presenting a compelling investment opportunity for experienced developers. The property's central location, ample parking, and the availability of historic tax credits make this a truly exceptional investment prospect. This is a rare chance to acquire a significant asset in a prime location with a clear path to redevelopment.

    Property Features for 384 Peachtree St

    General Information

    Property type
    Hotels
    Square Feet
    88,000 SF

    Building Details

    Year Built
    1927
    Buildings
    1
    Stories
    12

    HighLights

    • Redevelopment opportunity near I‑85/I‑75 in downtown Atlanta.
    • 260‑space parking deck included.
    • Historic tax credits available.
    • Ready‑to‑go plans for a 160‑key hotel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Arts Parking Lot

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.38576091
    Latitude
    33.76537851

    Nearby Similar for Sale

    • $2,620,000
      0.21 Acres

      Luxury Townhomes Near Georgia Tech

      New townhomes near Georgia Tech, perfect for luxury rentals.
      1205 Holly St NW, Atlanta, GA 30318
      View Details
    • $2,620,000
      0.21 Acres

      Luxury Duplex Near Georgia Tech

      New construction duplex with city views near Georgia Tech.
      1205 Holly St NW, Atlanta, GA 30318
      View Details
    • $1,247,000
      0.22 Acres

      Multifamily Property with Income Potential

      Spacious main home and move-in ready attached ADU in Atlanta.
      380 Kendrick Ave SE, Atlanta, GA 30315
      View Details
    • $1,295,000
      Pending

      Morningside Residence with Coachhouse Duplex

      Handsome Morningside residence featuring a rare legal coachhouse duplex.
      1821 Rock Springs Rd NE, Atlanta, GA 30324
      View Details
    • $1,295,000
      0.34 Acres

      Morningside Residence with Coachhouse

      Charming Morningside residence featuring a rare legal duplex coachhouse.
      1821 N Rock Springs Rd NE, Atlanta, GA 30324
      View Details
    • $1,050,000
      Pending

      Virginia Highland Multifamily Investment Property

      Six-unit apartment building near Beltline and Ponce City Market.
      758 Saint Charles Ave NE, Atlanta, GA 30306
      View Details

    FAQs

    What type of property is this?
    Hotel - 160-Key Hotel, Historic Charm, Distressed Sale
    Where is this hotel located?
    The property is located at 384 Peachtree St Atlanta, GA.
    What are key features of this property?
    This property features: Redevelopment opportunity near I-85/I-75 in downtown Atlanta.; 260-space parking deck included.; Historic tax credits available.
    Request Owner's contact information
    384 Peachtree St Atlanta, GA 30308
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    384 Peachtree St
    Atlanta, GA 30308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    384 Peachtree St Atlanta, GA 30308
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.