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555 Courtland St - Strategic Midtown ATL Redevelopment Opportunity ji 1.5 Acres of Commercial Land in Atlanta, GA 30308
Investment Highlights
- Approximately 1.5-acre redevelopment site strategically located at the Downtown/Midtown Atlanta interface.
- Approximately 689,000 SF of total development potential based upon existing entitlement information
- Strategic location near Emory University Hospital Midtown, Georgia Tech, MARTA, Downtown Atlanta, the Civic Center redevelopment and The Stitch.
- Existing development concepts demonstrate substantial vertical development capacity while preserving flexibility to evaluate alternative configuration
- Income-producing medical facility with existing lease through June 2028 provides interim cash flow during the holding, planning and predevelopment
- Located within economic-development incentive areas that may provide access to development tools and incentives, subject to purchaser verification
Executive Summary
555 Courtland offers a rare opportunity to acquire approximately 1.5 acres of strategically located Atlanta real estate with approximately 689,000 SF of development potential and existing interim income. Located at the Downtown/Midtown interface near Emory University Hospital Midtown, the property combines substantial redevelopment potential with an existing income-producing medical facility. This combination provides a purchaser the opportunity to acquire and control the site today, receive interim
income, undertake planning and predevelopment, and position the property for redevelopment as capital-market and construction conditions improve. Existing development concepts contemplate substantial vertical development and demonstrate the scale of development evaluated for the property. However, the opportunity is not limited to execution of the existing two-tower concept or to a predetermined first-phase size. A purchaser can evaluate the optimum development program, configuration and phasing based upon market conditions, financing, applicable entitlements and governmental requirements. The approximately 689,000 SF of total development potential provides flexibility for a variety of development strategies. Depending upon purchaser objectives and applicable approvals, potential alternatives may include
multifamily, mixed-use, hotel, medical/institutional, student-oriented housing, phased development or combinations of uses.
Unlike vacant development land, the property currently benefits from an operating medical facility providing interim income during the holding and planning period. For a developer or investor taking a longer-term view of Atlanta, 555 Courtland provides the opportunity to secure a difficult-to-replace redevelopment site during the current development and financing cycle and prepare the property for redevelopment as market conditions strengthen.
DEVELOPMENT STRATEGY
ACQUIRE NOW. PLAN DURING THE DOWN-CYCLE. DEVELOP INTO THE NEXT CYCLE.
Detailed development concepts, entitlement information, lease information and other due-diligence materials are available to qualified prospective purchasers. Seller will consider reasonable proposals and transaction structures from qualified purchasers.
+/- 1.5 ACRES | +/- 689,000 SF DEVELOPMENT POTENTIAL
income, undertake planning and predevelopment, and position the property for redevelopment as capital-market and construction conditions improve. Existing development concepts contemplate substantial vertical development and demonstrate the scale of development evaluated for the property. However, the opportunity is not limited to execution of the existing two-tower concept or to a predetermined first-phase size. A purchaser can evaluate the optimum development program, configuration and phasing based upon market conditions, financing, applicable entitlements and governmental requirements. The approximately 689,000 SF of total development potential provides flexibility for a variety of development strategies. Depending upon purchaser objectives and applicable approvals, potential alternatives may include
multifamily, mixed-use, hotel, medical/institutional, student-oriented housing, phased development or combinations of uses.
Unlike vacant development land, the property currently benefits from an operating medical facility providing interim income during the holding and planning period. For a developer or investor taking a longer-term view of Atlanta, 555 Courtland provides the opportunity to secure a difficult-to-replace redevelopment site during the current development and financing cycle and prepare the property for redevelopment as market conditions strengthen.
DEVELOPMENT STRATEGY
ACQUIRE NOW. PLAN DURING THE DOWN-CYCLE. DEVELOP INTO THE NEXT CYCLE.
Detailed development concepts, entitlement information, lease information and other due-diligence materials are available to qualified prospective purchasers. Seller will consider reasonable proposals and transaction structures from qualified purchasers.
+/- 1.5 ACRES | +/- 689,000 SF DEVELOPMENT POTENTIAL
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.50 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | ||
| Zoning | SPI-1 - Special Public Interest | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.50 AC |
| No. Stories | 1 |
| Zoning | SPI-1 - Special Public Interest |
1 Lot Available
Lot
| Lot Size | 1.50 AC |
| Lot Size | 1.50 AC |
Two tower development property. Currently has leased medical building on 50% of property. Lease ends 6/27. Secure now, plan and start construction in 2027.
Description
The property offers a unique combination of land scale, location, zoning, interim income, and future development flexibility. The current medical use should be viewed as a holding-income benefit rather than the long-term highest and best use. The existing lease allows a buyer to acquire the property now, receive income during the planning period, and be ready to move forward as the lease burns off. The ideal buyer is a well-capitalized multifamily, mixed-use, medical, student housing, senior housing, or institutional developer that understands long-term urban land control. The site should appeal to groups that are willing to secure irreplaceable land ahead of the next construction-financing cycle rather than wait until the market becomes more competitive.
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $8,680 | |
| Land Assessment | $1,170,800 | Total Assessment | $1,179,480 |
Property Taxes
Parcel Numbers
Land Assessment
$1,170,800
Improvements Assessment
$8,680
Total Assessment
$1,179,480
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555 Courtland St - Strategic Midtown ATL Redevelopment Opportunity ji