1700 Water Pl Atlanta, GA 30339
- Office Properties & Spaces
- 37,796 SF
- 2.67 lot acres
Current Use by Public Records
- Destinations Career Academy of Georgia / School
- HotelPro Corporate / Employment Agency
- Source One Corp / Cable Company
- Pro Clean USA / Commercial Cleaning Service
- Haizol Atlanta / Business To Business Service
Property Details for 1700 Water Pl
- Year built
- 1984
- Lot size
- 2.67 lot acres
- Property size
- 37,796 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office buildings
Description
This three-story, 37,796 square foot office building in Atlanta, Georgia, presents a compelling acquisition opportunity. Located on a 2.67-acre lakefront site at 1700 Water Pl SE, Atlanta, GA 30339, this property boasts a prime location near Truist Park and The Battery mixed-use development. Currently 49% occupied with nine tenants, the building offers an average rent of $17.69 per square foot, significantly below market averages of $20.57 per square foot in the Cumberland Galleria submarket. Recent improvements include renovations to common areas, bathrooms, and the 148-space parking lot, enhancing leasing potential and tenant retention. Built in 1984, this multi-tenant office building is priced at $4,500,000, or $119.06 per square foot. The property benefits from its proximity to major attractions and a thriving suburban market experiencing strong population and job growth, making it an ideal investment for those seeking to capitalize on the increasing "back to office" trend and limited new supply. This presents a unique chance to acquire a well-maintained asset at a price point below replacement cost in a high-demand area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.4854
- Latitude
- 33.9093