125 Edgewood Avenue Northeast, Atlanta, GA, 30303, US

125 Edgewood

Asset description

JLL is pleased to present the opportunity to acquire 100% fee simple interest in 125 Edgewood Avenue a +/- 6,933 SF historic structure located in the heart of Downtown Atlanta. Originally built in 1891 by Joel Hurt and Samuel Inman in what was known as “Shermantown” at the time. The Property is placed on the National Registry of Historic Places since the Property served as one of Coca-Cola’s earliest bottling operations, which was established in 1900. The structure held many other uses over its 130 year history - including several pharmacies, a dry goods store, a flag and bunting decorating business, an appliance store, and a radio service store. Since 1966, the building has served as the GSU Baptist Union.

125 Edgewood can be an excellent candidate for thoughtful adaptive reuse that preserves the buildings unique character and architectural elements. Per in place zoning, conversion to creative office, institutional, or restaurant / retail use is possible. 125 Edgewood’s location in the heart of Downtown Atlanta, just steps away from GSU, Underground, and Grady Hospital makes the property a prime opportunity for a variety of creative options for institutional or commercial reuse.

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Attributes

Building area gross

6,933 sf

Year built

1891

Land area gross

0.25 acres

Occupancy

100%

Floors

Zoning

SPI-1 SA1

Media

Investment highlights

1.) Own a Landmarked Piece of History: The Property is listed on the National Registry of Historic Places and is a known attraction on the Sweet Auburn Freedom Walk. The Property will continue to attract visitors curious about its unique architecture and history for years to come.

2.) Flexible Zoning Allows for a Variety of Uses: The property zoned SPI-1 SA1 (Downtown Core), which allows for a wide range of retail uses, museum, office, residential, hotel, and institutional uses.

3.) Steps from Downtown’s Biggest Demand Drivers: 125 Edgewood is adjacent to Georgia State University, the largest university in Georgia based on enrollment, the Atlanta Streetcar, and Grady Hospital. The Property is also a short walk to Downtown’s commercial core and MARTA heavy rail.

4.) Distinct Architectural Elements Enhances Conversion Potential: As one of the last “true” relatively untouched Victorian mansions left downtown, the property is inherently valuable from a conversion perspective for an investor who can create an incredibly unique space while adhering to National Registry of Historic Places guidelines.