Atlanta Historic Landmark on
368 Ponce De Leon Avenue NE Atlanta, GA 30308
368 Ponce De Leon Avenue NE, Atlanta, GA, 30308
Contact for pricing
For Sale
Contact for pricing
Historical 8-bedroom property near Ponce City Market and Beltline.
Property Size10,000 SF
Lot Size1.00 Acre
Price / SF$425
Days on Market662
Property Features for 368 Ponce De Leon Avenue NE
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- Hospitality, Mixed Use, Multifamily, Special Purpose
Building Details
- Year Built
- 1901
Listing agency
KW Commercial First Atlanta
(404) 255-6810
Listed by
Steve Massell · License #GA
Source
Crexi
Added: Sep 29, 2024 Updated: Jul 6 at 7:42AM Checked: Jul 22 at 12:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial First Atlanta
Investment Insights
Based on property information with market context.
This Atlanta Historic Landmark, constructed in 1901, spans just over 1 acre. Formerly known as Shady Rest and later as the Big House on Ponce, the property features 8 bedrooms. Located minutes from Ponce City Market, the Beltline, and the Fox Theatre, the site includes an additional large building. This secondary structure has previously functioned as a theater space or recording studio and incorporates a separate apartment at the rear. Architectural details from the 1920s include a marble entrance, unique wood crown moldings, columns, and high ceilings. Zoned C2, the property is suitable for commercial and residential use.
Key Highlights
- Historic Landmark: Own a piece of Atlanta history with this property built in 1901.
- Prime Location: Minutes from Ponce City Market, the Beltline, and the Fox Theatre.
- Large Lot: Over 1 acre of land in a desirable location.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $21.60 |
| − Vacancy | −$21.6k | −$2.16 |
| EGI | $194.4k | $19.44 |
| − OpEx | −$72.9k | −$7.29 |
| NOI | $121.5k | $12.15 |
10,000 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,500 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$1.58M
$1.38M – $1.84M
NOI $110,303 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,677 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historical 8-bedroom property near Ponce City Market and Beltline.
Where is this mixed-use property located?
The property is located at 368 Ponce De Leon Avenue NE Atlanta, GA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Historic Landmark: Own a piece of Atlanta history with this property built in 1901.; Prime Location: Minutes from Ponce City Market, the Beltline, and the Fox Theatre.; Large Lot: Over 1 acre of land in a desirable location.
