request_info_guest false
Street View
Map

1073 Neal Pl and 324 Archer Way NW

$16,200,000

1073 Neal Pl and 324 Archer Way NW, Atlanta, GA 30314

Active
Last Updated: 12/02/2024

62,196 sqft

Building Size

8.69 acres

Lot Area

Details:
Building Size:    62,196 sqft
Lot Area:    8.69 acres
Units:    180
Year Built:    1957
Floors:    2
Highlights:
  • -Prime location
  • -Future appreciation
  • -Development opportunities
  • -Market potential
  • -Renovation potential
  • -Market demand
  • -Increased value
Description:

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.


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.

Map:
Documents:
Title
1073_Neal_Place_and_324_Archer_Way_NW_OM.pdf
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location