High Rise Development Site Downtown Atlanta | Hotel | Mixed-Use | Multifamily | Covered Land Play | 6% Cap Rate

Opportunity to acquire a prime downtown Atlanta development site across the street from the Georgia Aquarium within a few blocks of State Farm Arena, the Georgia World Congress Center, Mercedes Benz Stadium, the World of Coke and Centennial Olympic Park. The site is zoned SPI-1 SA5 calling for dense development for various uses including hotel, multifamily, retail or mixed-use. One possible plan can be seen on page 13 to build 200 apartment units on 18 floors with 10,500 SF of retail and 240 parking spaces. The site is currently used as a parking lot, producing an average NOI of $750,000 annually. This use can be continued to hold for future development.