947 M L King Jr Dr Atlanta, GA 30314
This exceptional 2,484 square foot executive office building, located at 947 M L King Jr Drive NW in Atlanta, GA 30314, presents a unique investment opportunity. Built in 1930, this single building sits on a 0.132-acre lot and boasts a rich history as the former home of the Atlanta Enquirer newspaper. Situated in a rapidly developing business district, the property offers significant potential for redevelopment and customization. The property is being sold "as is" and requires renovations, providing a blank canvas for a buyer to create a space perfectly tailored to their business needs. Its prime location in a bustling Atlanta neighborhood ensures easy access to major transportation routes and a wealth of nearby amenities, including restaurants and shops. The flexible zoning allows for a variety of commercial uses, making it suitable for a wide range of businesses, from offices and retail spaces to medical facilities or service-based enterprises. This is a chance to acquire a piece of Atlanta history and build a thriving business in a vibrant, growing city. The asking price is $400,000. The property's size and location make it an attractive investment for entrepreneurs and investors seeking a high-potential commercial property in a dynamic urban setting. The property's potential for increased value through renovation makes it a particularly compelling opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.