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

    492 Larkin St Atlanta, GA 30313

    Sponsored
    For Sale
    Contact for pricing

    1.5-Acre Mixed-Use Development Site

    Property size:
    9,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.5-acre redevelopment opportunity is located in Atlanta's vibrant Castleberry Hill neighborhood, a designated Opportunity Zone. The property, encompassing 492 Larkin St SW and 251 Walker Street, includes two existing structures totaling less than 9,036 square feet, presenting a blank canvas for a new mixed-use or multi-family development. The HC-20N SA1 & HC-20N SA2 zoning permits a wide range of development options. This prime location offers unparalleled access to Atlanta's major attractions, including Mercedes-Benz Stadium and State Farm Arena, both within a half-mile radius and easily walkable. Two MARTA rail stations are also within walking distance, providing convenient public transportation. The property's proximity to a concentration of office, multi-family, mixed-use, and retail properties within a one-mile radius further enhances its desirability. The site's designation as a historic site may also qualify for tax credits, adding significant value to this already compelling investment opportunity. This location is a highly sought-after destination for the millennial workforce, ensuring strong rental demand for any new development. The property's size and location make it an ideal candidate for a high-density, mixed-use project catering to the growing needs of Atlanta's dynamic urban core. This is a rare chance to capitalize on the potential of this thriving area.

    Property Features for 492 Larkin St

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,036 SF
    Lot Size
    65,340 SF

    HighLights

    • Opportunity Zone designation; potential for historic tax credits.
    • 1.5‑acre redevelopment site in Castleberry Hill; two existing structures totaling under 10,000 SF.
    • Walkable to Mercedes‑Benz Stadium, State Farm Arena, and two MARTA stations.
    • Close proximity to significant office, multi‑family, mixed‑use, and retail properties.
    • Highly desirable location for millennial workforce.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carl M Williams ... Funeral Home 100 black men ... Funeral Home Richard Steffs Consulting Media Consultant

    Suggested Use

    Realty agency Dental Office Spa & Massage Law Firm Building Supply Nail Salon Hair Salon Daycare Center Restaurant Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Fulton
    State
    Georgia
    Longitude
    -84.39494
    Latitude
    33.7657549

    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
    • New
      $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
    • $1,350,000
      0.29 Acres

      Rare Atlanta Multifamily Near Beltline

      Four-unit property near Piedmont Park with Midtown views.
      547 Elmwood Dr NE, Atlanta, GA 30306
      View Details
    • $1,350,000
      0.29 Acres

      Atlanta Fourplex Near Piedmont Park

      Four-unit income property near Piedmont Park and The Beltline.
      547 Elmwood Dr NE, Atlanta, GA 30306
      View Details
    • $1,350,000
      0.29 Acres

      Atlanta Fourplex Near Piedmont Park

      Four-unit income property near Piedmont Park and The Beltline.
      547 Elmwood Dr NE, Atlanta, GA 30306
      View Details
    • New
      $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
    • New
      $1,050,000
      Pending

      Virginia Highland Investment Opportunity

      Well-maintained multifamily property near Beltline and Ponce City Market.
      758 Saint Charles Ave NE, Atlanta, GA 30306
      View Details
    • $1,730,000
      0.14 Acres

      Luxury Atlanta Duplex on Freedom Trail

      Turnkey luxury duplex near Atlanta BeltLine, ideal for short-term rentals.
      540 John Wesley Dobbs Ave NE, Atlanta, GA 30312
      View Details
    • New
      $1,730,000
      0.14 Acres

      Luxury Atlanta Duplex on Freedom

      Turnkey duplex near Atlanta BeltLine, ideal for short-term rentals.
      540 John Wesley Dobbs Ave NE, Atlanta, GA 30312
      View Details
    • $620,000
      2,428 SF

      Daycare Center Opportunity in Atlanta

      Fully equipped daycare center for sale in Southwest Atlanta.
      2365 County Line Rd SW, Atlanta, GA 30331
      View Details
    • New
      $1,530,000
      6,000 SF

      High-Exposure Corner Lot Commercial Property

      Prime Atlanta corner lot ideal for retail, office, or mixed-use.
      1181 Lee St SW, Atlanta, GA 30310
      View Details
    • New
      $1,100,000
      0.17 Acres

      Inman Park Duplex Opportunity

      Charming duplex in historic Inman Park, Atlanta.
      1070 Colquitt Ave NE, Atlanta, GA 30307
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 1.5-Acre Mixed-Use Development Site
    Where is this multifamily property located?
    The property is located at 492 Larkin St Atlanta, GA.
    What are key features of this property?
    This property features: Opportunity Zone designation; potential for historic tax credits.; 1.5-acre redevelopment site in Castleberry Hill; two existing structures totaling under 10,000 SF.; Walkable to Mercedes-Benz Stadium, State Farm Arena, and two MARTA stations.
    Request Owner's contact information
    492 Larkin St Atlanta, GA 30313
    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.
    492 Larkin St
    Atlanta, GA 30313
    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
    492 Larkin St Atlanta, GA 30313
    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.