384 Peachtree St NE Atlanta, GA 30308
Property profile & analytics
384 Peachtree St NE Atlanta, GA 30308
- Office buildings
- 88,892 SF
- 0.94 lot acres
Property ID
US22-0209061
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.
Location Intelligence
Current Use by Public Records
- Medical Arts / Parking Lot & Garage
Property Details for 384 Peachtree St NE
- Year built
- 1927
- Construction
- WOOD
- Lot size
- 0.94 lot acres
- Property size
- 88,892 SF
- Zone code
- SPI1
- Property type
- Office buildings
- APN
- 14 005000070565
- APU
- 14005000070565
Description
This exceptional redevelopment opportunity presents a unique chance to acquire a distressed 88,000-square-foot hotel in the heart of Atlanta, Georgia. Located at 384 Peachtree St NE, in Fulton County, zip code 30308, this property boasts a prime location adjacent to the I-85/I-75 interchange, ensuring excellent accessibility and high visibility. The existing structure, a 12-story building constructed in 1927, currently features 160 keys. Included in the sale is a substantial 260-space parking deck, a significant asset in a bustling urban environment. This redevelopment project benefits from the availability of historic tax credits, offering substantial financial incentives. Complete architectural plans for a 160-key hotel are already in place, streamlining the development process and minimizing pre-construction delays. This is an unparalleled opportunity to capitalize on Atlanta's thriving hospitality market and transform a landmark building into a modern, profitable hotel. The property is being offered as a distressed sale, presenting a compelling investment opportunity for experienced developers. The property's central location, ample parking, and the availability of historic tax credits make this a truly exceptional investment prospect. This is a rare chance to acquire a significant asset in a prime location with a clear path to redevelopment.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,476,000
Market price range: $10.5M - $36.0M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3862
- Latitude
- 33.7651
- 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
$437,811
$1,823,400
$999,000
$2,822,400
-
$4,558,500
$2,497,500
$7,056,000
