Map of Property

1073 Neal Pl and 324 Archer Way NW

1073 Neal Pl and 324 Archer Way NW, Atlanta, GA 30314

  • For Sale $16,200,000
  • Property Type Multi-Family
  • Property Size 62,196 SF
  • Units 180
  • Lot Size 8.69 Acre
  • Additional Rent Contact for pricing
  • Year Built 1957
  • Date Updated Dec 7, 2024
This property is located in close proximity to the Westside Trail Extension, which is currently under construction. The Westside Trail Extension will be a 1.3-mile, multi-use trail stretching between Washington Park and the PATH Foundation’s Westside BeltLine Connector (north of Hollowell Parkway). This extension will offer convenient access to key destinations such as: Bankhead MARTA station, Maddox Park, the future Westside Park, and the Proctor Creek Greenway.8.69 +- in total located at the prime addresses of 1073 Neal Place and 324 Archer Way in Atlanta, GA, this multifamily property sits directly on the Atlanta Beltline, offering a unique and highly desirable location for potential investors. Comprising a total of 180 units, this property presents an exceptional opportunity for redevelopment or renovation. 1073 Neal Place currently has all units down, awaiting a visionary to breathe new life into them, while 324 Archer Way has approximately half of its units still operational, providing a solid starting point for a comprehensive renovation or redevelopment project. We present a compelling investment opportunity with two adjoining properties along the Atlanta Beltline. These sites offer significant potential for both rehabilitation and new development: 1. Rehabilitation Potential: Investors can transform the existing structures into modern, high-quality living spaces. The growing demand for premium housing near the Beltline makes this a promising option for those looking to capitalize on the area's popularity. 2. Development Potential: The expansive site, with prime Beltline frontage, is ideal for a new Class A apartment complex or mixed-use development. The Beltline’s ongoing enhancements and vibrant culture ensure strong future appreciation, making it a strategic long-term investment.
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Highlights

  • -Prime location
  • -Future appreciation
  • -Development opportunities
  • -Market potential
  • -Renovation potential
  • -Market demand
  • -Increased value

Contacts

broker
Troy Reynolds

NAI G2 Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable

  • Transit Score ®

    54/100 Good Transit

  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Bankhead
  • Zip Code 30314
  • Market Atlanta

Points of Interest

  • Ashby

    0.61 miles

  • Bankhead

    0.67 miles

  • Vine City

    1.23 miles

  • West Lake

    1.44 miles

  • GWCC/CNN Center

    1.58 miles

  • Centennial Olympic Park

    1.84 miles

  • Garnett

    1.90 miles

  • Luckie at Cone

    1.95 miles

  • Carnegie at Spring

    1.97 miles

  • West End

    1.99 miles

  • Texaco

    0.71 miles

  • Shell

    0.75 miles

  • Mobil

    0.77 miles

  • Exxon

    0.80 miles

  • BP

    1.28 miles

  • 76 Gas Express

    1.42 miles

  • QuikTrip

    1.51 miles

  • Blink

    2.06 miles

  • Tesla Supercharger

    2.59 miles

  • eVgo

    2.63 miles

  • Ashby Park & Ride

    0.57 miles

  • Vine City Park & Ride

    1.25 miles

  • Morehouse Parking Deck

    1.34 miles

  • Rosie's Coffee Café Parking

    1.39 miles

  • Campus Recreation Parking Deck

    1.43 miles

  • 76 Gas Express Parking

    1.43 miles

  • Northside Plaza Leasing Office Parking

    1.44 miles

  • West Lake Park & Ride

    1.46 miles

  • Atlanta Humane Society Guest Parking

    1.49 miles

  • Mercedes-Benz Stadium Parking - Lot 17

    1.50 miles

  • Signia by Hilton Atlanta Georgia World Congress Center

    1.33 miles

  • Hyatt House Atlanta/Downtown

    1.53 miles

  • Clarion Inn & Suites Atlanta Downtown

    1.54 miles

  • REVERB by Hard Rock

    1.57 miles

  • Hyatt Place Atlanta/Centennial Park

    1.59 miles

  • Hilton Garden Inn Park Pavilion

    1.60 miles

  • SpringHill Suites Atlanta Downtown

    1.65 miles

  • Embassy Suites

    1.68 miles

  • Omni Atlanta Hotel at CNN Center

    1.68 miles

  • Hampton Inn Atlanta-Georgia Tech Downtown

    1.68 miles

  • Zaxby's

    0.69 miles

  • Atlanta Wing

    0.73 miles

  • Chick-fil-A

    0.74 miles

  • KFC

    0.76 miles

  • Church's Chicken

    0.78 miles

  • The Busy Bee Cafe

    0.84 miles

  • Dunkin' Donuts

    1.28 miles

  • Cirque Blue

    1.30 miles

  • Wing Nuts

    1.30 miles

  • Pizzaiolo

    1.30 miles

  • Alonzo F Herndon Elementary School

    0.16 miles

  • KIPP West Atlanta Young Scholars Academy

    0.57 miles

  • Booker T Washington High School

    0.67 miles

  • Michael R. Hollis Innovation Academy

    0.69 miles

  • Clement School

    0.84 miles

  • M Agnes Jones Elementary School

    1.03 miles

  • School for Integrated Academics and Technologies

    1.04 miles

  • Interdenominational Theological Center

    1.07 miles

  • Morris Brown College

    1.08 miles

  • Carter G Woodson Elementary School

    1.12 miles

  • The Children's Campus @ Georgia Tech

    2.04 miles

  • Carol's Daughter Learning Center

    2.06 miles

  • Paly 2 Grow

    3.27 miles

  • Primrose School

    3.27 miles

  • Childcare Center

    3.80 miles

  • Freedom Park Preschool

    4.17 miles

  • YWCA

    4.21 miles

  • Atlanta Montessori International School

    4.35 miles

  • The Clifton School

    6.84 miles

  • Decatur Presbyterian Children's Community

    7.45 miles

Frequently Asked Questions

How much does 1073 Neal Pl and 324 Archer Way NW cost?

The space currently listed for sale at 1073 Neal Pl and 324 Archer Way NW asks for $16,200,000.

What is the total square footage of 1073 Neal Pl and 324 Archer Way NW?

1073 Neal Pl and 324 Archer Way NW totals 62,196 square feet.

When was this property built?

1073 Neal Pl and 324 Archer Way NW was built in 1957.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Troy Reynolds

NAI G2 Commercial Real Estate