Rare opportunity in Midtown Atlanta Quadruplex conversion to larger Multifamily, Condos, or Single-Family Residence for something super unique, quirky and fun. Located just yards from Piedmont Park.
This is the ONLY remaining fee simple building on block. Great buy and hold for redevelopment up to a maximum 8,200 SQFT.
In the heart of Midtown (behind the flying Biscuit) and close to an abundance of fun living with restaurants, unique shops, and access to Piedmont Park, Atlanta’s largest park that offers festivals, concerts and celebrations. Unbeatable location, outstanding opportunity to renovate a fine Atlanta property near Piedmont and 10th at Piedmont Park. Ripe for a massive renovation into a fantastic private rental units estimated at $200,000 to $300,000 in renovations depending on your scope of work, design choices.
An after renovation value estimated up to $2,000,000 for as a rental for AirBnB or Long Term tenants of with proper variances and zoning office lofts. The project renovation could include adding a full story along with a rooftop deck to maximize the value of the property. Last use of the property was as a quadruplex, one of the last remaining parcels ready for renovation in Midtown. Current zoning is SPI-17 high density.
Come and see the property on tour at 242 11th Street Atlanta GA 30309 from 1-3pm on Sunday December 2, 2019