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 Oct 3, 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

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

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.

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