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Property profile & analytics

2001 Martin Luther King Jr NW Dr Atlanta, GA 30310-1110

  • Office buildings
  • 84,604 SF
  • 2.15 lot acres
OFF-MARKET
Last Sale
Apr 17, 2024
$323,774
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US22-2715634
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Office buildings

Property Details for 2001 Martin Luther King Jr NW Dr

Year built
1974
Lot size
2.15 lot acres
Property size
84,604 SF
Zone code
C1C
Property type
Office buildings
APN
14 0173 LL0060
APU
140173LL0060

Description

This exceptional 81,713 square foot Class B office building, located at 2001 Martin Luther King Jr Drive in Atlanta, Georgia, presents a compelling owner/user investment opportunity. Built in 1972, the property sits on a 3.25-acre lot and offers significant upside potential. Currently priced at $4,700,000 ($57.52/sq ft), this asking price is notably below replacement cost. The building's executive office space is ideally situated near the vibrant downtown Atlanta business district, the Atlanta BeltLine, Atlantic Station, and the rapidly developing West Midtown area, providing excellent access to amenities and a strong workforce. Short-term leases currently in place offer an immediate owner/user opportunity to occupy a substantial portion of the building, while below-market rents present a clear path to increased profitability. This property represents a rare chance to acquire a well-located, sizable office building with considerable potential for value appreciation. The Fulton County location and 30310 zip code offer convenient access to major transportation arteries and a diverse range of businesses. The substantial square footage and ample land provide flexibility for future expansion or redevelopment. This is a prime opportunity for a discerning investor seeking a strong return on investment in a thriving Atlanta market.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Atlanta
County
Fulton
State
Georgia
Longitude
-84.4506
Latitude
33.7505
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,636
$212,840
$527,160
$740,000
-
$532,100
$1,317,900
$1,850,000
More about this property
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