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    355 Centennial Olympic Park Dr Atlanta, GA 30313

    Sponsored
    For Sale
    $14,500,000

    188-key Residence Inn, fully permitted.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Prime downtown Atlanta development opportunity: a fully permitted 188-key Residence Inn by Marriott hotel is available for $14,500,000. This 0.81-acre site (APN 14 007900110574) is zoned C1 and located at 355 Centennial Olympic Park Dr NW, Atlanta, GA 30313, in Fulton County. Construction plans are complete and all entitlements are in place, making this a truly turnkey project. The exceptional location within Atlanta's hotel zone offers unparalleled access to major attractions including the Georgia Aquarium, Centennial Olympic Park, Georgia Tech, Mercedes-Benz Stadium, and State Farm Arena. This development is perfectly positioned to capitalize on existing tourism and corporate events, as well as the anticipated surge in visitors for the eight 2026 World Cup games to be held at Mercedes-Benz Stadium, just one mile away. The project will deliver a high-demand hotel product to a thriving and expanding market. This is a rare opportunity to acquire a fully permitted hotel development in a premier location.

    Property Features for 355 Centennial Olympic Park Dr

    General Information

    Property type
    Land
    Lot Size
    35,284 SF

    HighLights

    • Construction‑ready, fully permitted 188‑key Residence Inn by Marriott hotel development.
    • Residence Inn by Marriott franchise agreement in place.
    • Prime location, one mile from Mercedes‑Benz Stadium, ideal for 2026 World Cup tourism.
    • Exceptional proximity to major attractions including the Georgia Aquarium, Centennial Olympic Park, and Georgia Tech.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -84.391883908832
    Latitude
    33.764898496971

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    FAQs

    What type of property is this?
    Land - 188-key Residence Inn, fully permitted.
    Where is this land located?
    The property is located at 355 Centennial Olympic Park Dr Atlanta, GA.
    What is the asking price?
    The asking price for this property is $14,500,000.
    What are key features of this property?
    This property features: Construction-ready, fully permitted 188-key Residence Inn by Marriott hotel development.; Residence Inn by Marriott franchise agreement in place.; Prime location, one mile from Mercedes-Benz Stadium, ideal for 2026 World Cup tourism.
    Request Owner's contact information
    355 Centennial Olympic Park Dr 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
    355 Centennial Olympic Park Dr Atlanta, GA 30313
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