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    368 Ponce De Leon Ave Atlanta, GA 30308

    Sponsored
    For Sale
    $5,000,000

    Historic 8-BR building, 1+ acre lot

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a unique chance to acquire a significant piece of Atlanta history. Located at 368 Ponce De Leon Avenue NE, this property boasts a captivating blend of historical charm and prime commercial potential. The 10,000 square foot property, situated on a 1.061-acre lot, comprises two buildings. The main structure, a stunning 8-bedroom building constructed in 1901, is an Atlanta Historic Landmark, previously known as Shady Rest and later the Big House on Ponce. Its rich history is complemented by exquisite 1920s architectural details, including a marble entrance, intricate wood crown moldings, elegant columns, and soaring high ceilings. A second substantial building, previously used as a theater or recording studio, offers additional versatility. This building also includes a separate apartment. The property's C2 zoning allows for flexible commercial and/or residential use, making it ideal for a variety of innovative projects. Its convenient location, just minutes from Ponce City Market, the Beltline, and the Fox Theatre, ensures high visibility and accessibility. Currently vacant, this property offers a blank canvas for a visionary developer to create a truly remarkable project. The asking price is $5,000,000.

    Property Features for 368 Ponce De Leon Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    10,000 SF
    Class
    B
    Lot Size
    46,217 SF

    Building Details

    Year Built
    1901
    Buildings
    2

    HighLights

    • $5,000,000 asking price.
    • 10,000 square foot, vacant, Class B apartment building.
    • Two buildings on a 1.061‑acre lot in Atlanta, GA.
    • Built in 1901, with C2 commercial zoning.
    • Located near Ponce City Market, Beltline, and Fox Theatre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton - GA
    State
    Georgia
    Longitude
    -84.375294
    Latitude
    33.7730909

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    FAQs

    What type of property is this?
    Multifamily property - Historic 8-BR building, 1+ acre lot
    Where is this multifamily property located?
    The property is located at 368 Ponce De Leon Ave Atlanta, GA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 asking price.; 10,000 square foot, vacant, Class B apartment building.; Two buildings on a 1.061-acre lot in Atlanta, GA.
    Request Owner's contact information
    368 Ponce De Leon Ave Atlanta, GA 30308
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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
    368 Ponce De Leon Ave Atlanta, GA 30308
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