Medical Arts Building - Redevelopment Opportunity

Property tours are available on June 30 and July 8 by appointment only. Please contact the listing broker to schedule a tour. 

Medical Arts Building presents a rare adaptive reuse and redevelopment opportunity in the heart of Atlanta’s Midtown/Downtown corridor at 384 Peachtree Street NE, Atlanta, GA 30308. This iconic 12-story historic landmark, originally built in 1927, offers approximately 88,000 rentable square feet plus an included 260-space parking garage—an exceptional combination of scale, visibility, and optionality. Positioned adjacent to the I-75/I-85 Downtown Connector, the property delivers unmatched exposure to Atlanta commuters and visitors, while sitting just steps from major demand drivers including Emory’s expanding medical campus, Downtown business centers, Midtown employers, and Atlanta’s premier attractions and convention destinations. The solid concrete and steel structure is ideally suited for a visionary investor seeking a hotel, multifamily/micro-unit, office, retail, or mixed-use conversion. Preliminary planning has already explored a 160-room hotel and 135-unit micro-unit concept, offering multiple pathways to value creation. Adding to its appeal, the project may benefit from a compelling incentive package including Federal and Georgia Historic Tax Credits, city grant opportunities, Opportunity Zone-related benefits, and potential hotel key money. For investors seeking a high-profile historic asset with tremendous upside in one of Atlanta’s most dynamic growth corridors, this is a standout opportunity!

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