Buckhead 9 Story Office / Mixed Use Building
$16,000,000
550 Pharr Rd NE, Atlanta, GA 30305
103,859 sqft
Building Size
1.14 acres
Lot Area
Details:
Description:
550 Pharr is a highly recognizable, architecturally distinctive asset featuring multiple outdoor amenity spaces, an on-site restaurant, and a fitness center tenant. The building’s small suite sizes, abundant parking, unique design, and premier Buckhead location position it to capitalize on multiple investment strategies, including continued office operation, office condominium conversion, hospitality redevelopment, multifamily rental conversion, or residential condominium development.
The rare combination of architectural character, functional flexibility, and market positioning create a compelling opportunity to unlock value through both traditional office ownership and alternative use scenarios.
The building’s architecture includes unique outdoor amenity areas for events, entertaining, and tenant use, including two large 7th floor outdoor spaces, two
expansive first-floor patios, an intriguing penthouse with wraparound outdoor space and private balconies for most all suites.
Another exciting feature of the property is the 9th-floor penthouse suite, offering a full 360-degree wraparound outdoor terrace with expansive skyline views. The
penthouse provides a compelling opportunity for an inspiring signature office, or with proper approvals a private club, event venue, or spectacular penthouse
residence.
Acquiring the asset substantially below replacement cost provides investors tremendous upside potential. The lobby, restrooms and most of the suites are in
great condition. The next phase of improvements including activating the outdoor amenities will help 550 Pharr continue to soar as Buckhead popularity continues
to flourish.
The property is well located in Buckhead between Piedmont Road and Peachtree Street, with exceptional walkability to premier dining, retail, entertainment, parks
and residential options. The location also offers immediate access to GA 400 and I-85, ensuring excellent regional connectivity.
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Documents:
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| Offering_Memorandum_6-23C.pdf |
Location
Gallery
