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Property profile & analytics
FOR SALE
Specialty properties

492 Larkin St SW Atlanta, GA 30313

4,536 SF 1.07 ac lot Built 1935
Entity Owned Free & Clear
Property ID
US22-1505201
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1935
Construction WOOD
Total area 4,536 SF
Lot 1.07 ac (46,609 SF)
Zoning code C5C
APN 14 008400111419
UPID US22-1505201
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Carl M Williams Funeral Directors Social Service Agency
  • 100 black men of funeral service Social Service Agency
  • Richard Steffs Consulting Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
CARL M WILLIAMS FUNERAL DIRECTOR
CARL M WILLIAMS FUNERAL DIRECTOR
Zoning & alternative use
C5C · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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