Storied. Historic. Reimagined. — The American Laundry Building
$2,450,000
256 Walker St SW, Atlanta, GA 30313
10,000 sqft
Building Size
0.42 acres
Lot Area
Details:
Highlights:
- Seller Financing:
- Down Payment: $750,000 (about 31%)
- Seller-Financed Amount: $1,700,000
- Interest Rate: 6.00% fixed annual rate
- Payments: Monthly interest-only, $8,500/month
- Term: 10 years, with the principal balance due at maturity
- Subject to owner’s review and approval of buyer qualifications
- Investment Highlights:
- Seller Financing Available: $750k down with the $1.7M balance at 6% interest-only for 10 years. That’s about $8,500/month, with no bank underwriting.
- Building: ±10,000 SF, two stories, with a ±3,000 SF private courtyard and a ±1,200 SF open-air structure. Outdoor space like this is rare in an urban infill setting.
- Location: Prime position in Castleberry Hill’s historic core, one of Atlanta’s most walkable and fastest-changing arts, residential, and entertainment districts.
- Proximity: 0.5 miles (10–12 minute walk) to Mercedes-Benz Stadium and Centennial Yards with steady event-driven foot traffic.
- Parking: ±0.42-acre site with about 27 on-site spaces plus free street parking.
- Construction: Built around 1930, with a complete gut renovation in 1999. Historic character on modern infrastructure.
- Hip-Hop Landmark: Featured in OutKast’s iconic “So Fresh, So Clean” music video (60M+ YouTube views), a ready-made story for any hospitality or creative user.
- Zoning: Castleberry Hill Historic Core, Subarea 1.
- Flexible Uses: Works for an owner-user, a multi-tenant layout, or creative uses such as office, restaurant, bar or nightlife, entertainment, or event space.
- Scarcity: Fully renovated, character-rich historic buildings with parking and outdoor space rarely come to market in Castleberry Hill.
- Opportunity Zone Through 2036: The property suits OZ fund investors pursuing a value-add, adaptive reuse repositioning with potential capital gains tax deferral and tax-free appreciation on a 10-year hold.
Description:
The American Laundry Building is a distinctive historic adaptive-reuse opportunity in the heart of Atlanta’s Castleberry Hill district. The two-story property offers approximately 10,000 square feet of existing interior space, currently in partially built-out condition, complemented by a remarkable ±3,000-square-foot private open-air brick courtyard and gated on-site parking.
Originally renovated in 1999–2000, the building retains authentic industrial architecture, exposed brick, timber ceilings, oversized windows, and substantial open floor plates. Its creative-production history, architectural character, and proximity to Atlanta’s expanding Downtown entertainment district offer a rare opportunity for an owner-user or investor to create a distinctive destination.
Located in the heart of Castleberry Hill’s historic core, approximately 0.5 miles from Mercedes-Benz Stadium and 0.8 miles from Centennial Yards.
new plumbing and electrical
Documents:
| Title | ||
|---|---|---|
| Offering_Memorandum.pdf |
Location
Gallery
