492 Larkin St SW Atlanta, GA 30313
For Sale
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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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C5C · Atlanta, GAAtlanta. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.