Atlanta Multifamily for Sale - Lower Buckhead
Here's an opportunity to acquire one of Atlanta's most prominent and highly visible Multi-Family properties, located conveniently between the south Buckhead and north Midtown submarkets. Known as the Brookwood Park Condominiums, the asset benefits from prime exposure to Interstate 75 / Downtown Connector. The property is located a short distance from major employers such as Piedmont Hospital, Google, Georgia Tech University, Savannah College of Arts & Design (SCAD), and many others. A variety of retail, dining, and consumer goods are located a short distance away.
This is truly a terrific redevelopment opportunity, or a "renovate and hold" as a rental property / covered land play -- potential rental to existing homeowners converting to tenants, at "market rents". This exceptional property offers a unique opportunity to redevelop prime acreage in the heart of Atlanta. This distinct +/- 6.15 acres parcel is available for investment or redevelopment. Ideally situated between Buckhead and Midtown with unbeatable skyline views of Atlanta. This property sets a commanding presence on the Northside Beltline, close distance to Ardmore Park, Tanyard Creek Park, and Bobby Jones Golf and Tennis Club. Nestled away yet conveniently located with proximity to Peachtree Street seeing an average daily traffic count of 45,000 vehicles.
Brookwood Park has Immediate access to I-75/ I-85 and the downtown connector, situated nearby major thoroughfares and employment hubs. The future land use plan accounts for Medium Density Residential (MDR) zoning, allowing for potential value-add toward its highest and best use. With excellent access to the Midtown CBD area and premier retail of Buckhead, demand is high for residents seeking prime Intown living.
This property has 119 units, a central elevator and lobby, access off interior hallways, and main level amenities. Many units have been modernized and feature glass enclosed patios.
