Atlanta High-Rise Site | Covered Land Play | 6.8% Cap Rate

For Sale

90 Forsyth St NW, Atlanta, GA 30303

This Atlanta property for sale is located at 90 Forsyth St NW. The current listed sale price for Atlanta High-Rise Site | Covered Land Play | 6.8% Cap Rate is $6,000,000. Atlanta High-Rise Site | Covered Land Play | 6.8% Cap Rate is situated on a lot that is 0.31 acre in size.

Contacts

broker

Michael Bull, CCIM

Bull Realty

(404) 876-1640

Property Details

  • Property Type VacantLand
  • Lot Size 0.31 Acre
  • Date Updated May 7, 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)

Getting around

  • 98/100

    Walk Score ®

  • 81/100

    Transit Score ®

  • 81/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Barclay Hotel Atlanta Downtown

    0.03 miles

  • Residence Inn Atlanta Downtown

    0.05 miles

  • The Candler Hotel Atlanta, Curio Collection by Hilton

    0.06 miles

  • Holiday Inn Express & Suites Atlanta Downtown

    0.08 miles

  • Courtyard Atlanta Downtown

    0.10 miles

  • Home2 Suites

    0.11 miles

  • Ellis Hotel, Atlanta, a Tribute Portfolio Hotel

    0.11 miles

  • Hampton Inn and Suites Atlanta Downtown

    0.13 miles

  • The Ritz-Carlton, Atlanta

    0.16 miles

  • The American Hotel Atlanta Downtown

    0.17 miles

  • The Mall at Peachtree Center

    0.27 miles

  • Downtown Mini Mall

    0.33 miles

  • Auburn Discount Grocery

    0.67 miles

  • Publix

    1.04 miles

  • Walmart Supercenter

    1.42 miles

  • Publix

    1.62 miles

  • Kroger

    1.79 miles

  • TJ Maxx

    1.81 miles

  • The Atlanta Dairies

    1.82 miles

  • Whole Foods Market

    1.83 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Michael Bull, CCIM

Bull Realty

(404) 876-1640