Atlanta High-Rise Site | Covered Land Play | 6.8% Cap Rate Listing Details & Market Data

90 Forsyth St NW, Atlanta, GA 30303

  • For Sale $6,000,000
  • Property Type VacantLand
  • Lot Size 0.31 Acre
  • Date Updated Apr 4, 2024
This property is located in Atlanta, GAOpportunity to acquire a prime downtown Atlanta high-rise site planned for up to 160 multifamily residences, 231 student housing beds or 300,000 SF hotel. Currently utilized for parking and billboard income the property income exceeds $410,000 annually providing a remarkable covered land play. New lighting being installed expected to boost the parking income to $500,000 annually. The site is well-located surrounded by major educational, entertainment, and sporting venues. Demand generators are bountiful including Georgia State University, Underground Atlanta, State Farm Arena, Mercedes Benz Stadium, Centennial Olympic Park, Georgia Aquarium, Georgia World Conference Center, the World of Coca-Cola, CNN Center, and the College Football Hall of Fame. Tenants or guests will also enjoy quick access to Woodruff Park, the Peachtree Center Transit Station, and Georgia State University.

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Highlights

  • Build up to 160 apartments
  • Zoning: SPI SA 7
  • Forsyth Street Frontage: 100’
  • Luckie Street Frontage: 134.5’
  • Existing Income: $410,000 (6.8% cap rate)
  • Proforma Income: $500,000 (8.3% cap rate)
  • Walk Score: Walkers Paradise (98)
  • Transit Score: Excellent Transit (81)

Contacts

broker

Michael Bull, CCIM

Bull Realty

(404) 876-1640

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (98)

  • Transit Score ®

    Excellent Transit (81)

  • Bike Score ®

    Very Bikeable (81)
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Downtown Atlanta
  • Zip Code 30303
  • Market Atlanta

Points of Interest

  • Woodruff Park

    0.09 miles

  • Southwest Entrance

    0.09 miles

  • Luckie at Cone

    0.10 miles

  • Peachtree Center

    0.11 miles

  • Park Place

    0.14 miles

  • Carnegie at Spring

    0.18 miles

  • Centennial Olympic Park

    0.24 miles

  • Five Points

    0.26 miles

  • Hurt Park

    0.28 miles

  • Auburn at Piedmont

    0.42 miles

  • RaceTrac

    0.38 miles

  • Exxon

    0.85 miles

  • Texaco

    1.02 miles

  • Shell

    1.03 miles

  • BP

    1.14 miles

  • BP

    1.16 miles

  • Texaco

    1.23 miles

  • Shell

    1.25 miles

  • Citgo

    1.40 miles

  • BP

    1.44 miles

  • 100 Peachtree Parking Garage

    0.03 miles

  • Lanier Parking System

    0.09 miles

  • Enclosed Garage

    0.14 miles

  • T Deck

    0.19 miles

  • SP+

    0.22 miles

  • International Garage

    0.22 miles

  • Woodruff Volunteer Center Parking Deck

    0.24 miles

  • Interpark

    0.29 miles

  • 90 Central Ave SW Garage

    0.34 miles

  • G Deck

    0.36 miles

  • Aamar Indian Cuisine

    0.05 miles

  • Slice Downtown

    0.06 miles

  • Downtown Gourmet

    0.06 miles

  • Slice

    0.06 miles

  • By George

    0.07 miles

  • Subway

    0.08 miles

  • Hong Kong Buffett

    0.08 miles

  • BrickStone

    0.08 miles

  • Figo City Fast

    0.08 miles

  • Naan Stop

    0.08 miles

  • Herzing University, Atlanta

    0.22 miles

  • Georgia State University

    0.25 miles

  • Christo Rey Atlanta Jesuit High School

    0.44 miles

  • Emory University School of Dentistry

    0.61 miles

  • Smith-Hughes Vocational School

    0.64 miles

  • Historic Angiers Academy & Holland Free School

    0.74 miles

  • Luckie Street School

    0.75 miles

  • Walker Street School

    0.84 miles

  • Wesley International Academy

    0.88 miles

  • Hope-Hill Elementary School

    0.95 miles

  • Carol's Daughter Learning Center

    0.63 miles

  • Primrose School

    1.30 miles

  • The Children's Campus @ Georgia Tech

    1.84 miles

  • Freedom Park Preschool

    2.30 miles

  • Atlanta Montessori International School

    2.46 miles

  • YWCA

    2.62 miles

  • Paly 2 Grow

    3.98 miles

  • The Clifton School

    5.22 miles

  • Decatur Presbyterian Children's Community

    5.56 miles

  • Gymboree

    5.96 miles

Contact Listing Broker

broker

Michael Bull, CCIM

Bull Realty

(404) 876-1640