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450 Capitol Ave SE
Atlanta, GA 30312 Summerhill

Price Upon Request

Apartments For Sale  •  246,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 246,000 SF
  • Lot Size 3.25 AC
  • Building Class A
  • Year Built 2027
  • Zoning MRC-3C
64 Transit Score
53 Walk Score

Highlights

Total of ± 246,000 existing SF with parking deck/garage on ± 3.25 acres | Zoned MRC-3C
Building is currently gutted (concrete shell) with 98% of asbestos remediated (was a 406-room hotel with conference/banquet space and outdoor pool)
Permitted and approved for a 260-unit apartment conversion, with 33,000 SF of retail
Seller also has plans for 287 units with 23,000 SF of retail (no permits or approvals)
Site has up to ± 773,000 SF of remaining FAR under the existing entitlements | Up to ± 915,000 SF of FAR with bonuses
Located within walking distance of Downtown Atlanta & Georgia State University | Easy access to I-85 and I-20

Amenities

  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Atlanta (Crescent - Amtrak) 9 min - 5.0 mi
Transit/SubwayDriveWalkDistance
Georgia State (Blue Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Green Line - Metropolitan Atlanta Rapid Transit Authority (MARTA)) 1 min 13 min 0.6 mi
Garnett (Gold Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Red Line - Metropolitan Atlanta Rapid Transit Authority (MARTA)) 2 min 18 min 1.0 mi
Hurt Park (Atlanta Streetcar - Metropolitan Atlanta Rapid Transit Authority (MARTA)) 2 min 20 min 1.0 mi
Five Points (Blue Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Gold Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Green Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Red Line - Metropolitan Atlanta Rapid Transit Authority (MARTA)) 4 min 20 min 1.1 mi
AirportDriveWalkDistance
Hartsfield - Jackson Atlanta International 15 min - 8.8 mi