Mixed-Use
Grady-GSU Anchored Redevelopment Opportunity
199 Edgewood Ave SE, Atlanta, GA 30303
Listing Price: $7,573,960
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale a prime redevelopment opportunity located in Downtown Atlanta within a Federal Opportunity Zone and adjacent to Grady Hospital and Georgia State University. The contiguous properties 191, 199 and 207 Edgewood Avenue and 17 Jesse Hill Jr Drive total ±22,014 SF and are situated on ±0.53 acre. The offering is prominently located at the signalized intersection of Edgewood Avenue and Jesse Hill Jr Drive and across from Grady Hospital’s main campus and Georgia State University’s student housing and halls on Edgewood Avenue and Piedmont Avenue.
The site benefits from its desirable proximity to Historic Auburn Avenue, Edgewood Avenue’s roster of popular restaurants, cafes, and bars, the Krog District, the eastside Atlanta Beltline (the most frequented part of the Atlanta Beltline), and Downtown Atlanta’s sports and entertainment venues including the 50 AC Centennial Yards development, Mercedes-Benz Stadium, State Farm Arena, Olympic Centennial Park, College Football Hall of Fame, Georgia Aquarium, and National Center for Civil and Human Rights.
The site offers a unique opportunity for an investor to create value by redeveloping the properties into student housing, multifamily, hotel, retail/medical office, or a vertical mixed-use development. These future possibilities will meet the demand for the prominent work force and student population in the area seeking proximity and walkability to Grady Hospital and Georgia State University, downtown Atlanta venues, retail amenities and green space.
Grady-GSU Anchored Redevelopment Opportunity
Investment Highlights
- Prime Redevelopment Opportunity | Multitude of redevelopment options possible including student housing, multifamily, hotel, vertical mixed-use, retail/medical office/research
- Adjacent to Grady Hospital & Georgia State University | Ideal location for medical office or research space in demand by companies needing access to Grady or GSU
- Zoned for 68' Building Height | Possibility to go above 68' with approval from the city
- Easy Access | Located immediately off the I-75/85 connector and a half mile from I-20 | 10 miles from Hartsfield-Jackson Atlanta International Airport
- Desirable Location | Site is poised to serve a growing millennial, urban driven demographic seeking proximity and walkability to Grady and GSU, downtown Atlanta venues, retail amenities and green space
Exclusively Listed By
Financing By
Listing Price: $7,573,960
Investment Highlights
- Prime Redevelopment Opportunity | Multitude of redevelopment options possible including student housing, multifamily, hotel, vertical mixed-use, retail/medical office/research
- Adjacent to Grady Hospital & Georgia State University | Ideal location for medical office or research space in demand by companies needing access to Grady or GSU
- Zoned for 68' Building Height | Possibility to go above 68' with approval from the city
- Easy Access | Located immediately off the I-75/85 connector and a half mile from I-20 | 10 miles from Hartsfield-Jackson Atlanta International Airport
- Desirable Location | Site is poised to serve a growing millennial, urban driven demographic seeking proximity and walkability to Grady and GSU, downtown Atlanta venues, retail amenities and green space
Investment Overview
Marcus & Millichap is pleased to exclusively present for sale a prime redevelopment opportunity located in Downtown Atlanta within a Federal Opportunity Zone and adjacent to Grady Hospital and Georgia State University. The contiguous properties 191, 199 and 207 Edgewood Avenue and 17 Jesse Hill Jr Drive total ±22,014 SF and are situated on ±0.53 acre. The offering is prominently located at the signalized intersection of Edgewood Avenue and Jesse Hill Jr Drive and across from Grady Hospital’s main campus and Georgia State University’s student housing and halls on Edgewood Avenue and Piedmont Avenue. The site benefits from its desirable proximity to Historic Auburn Avenue, Edgewood Avenue’s roster of popular restaurants, cafes, and bars, the Krog District, the eastside Atlanta Beltline (the most frequented part of the Atlanta Beltline), and Downtown Atlanta’s sports and entertainment venues including the 50 AC Centennial Yards development, Mercedes-Benz Stadium, State Farm Arena, Olympic Centennial Park, College Football Hall of Fame, Georgia Aquarium, and National Center for Civil and Human Rights. The site offers a unique opportunity for an investor to create value by redeveloping the properties into student housing, multifamily, hotel, retail/medical office, or a vertical mixed-use development. These future possibilities will meet the demand for the prominent work force and student population in the area seeking proximity and walkability to Grady Hospital and Georgia State University, downtown Atlanta venues, retail amenities and green space.
Exclusively Listed By
Financing By
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