7,120 SqFt
7,120 SqFt
Key Details
Property Type Commercial
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 7,120 sqft
Price per Sqft $210
Subdivision No Subdivision
MLS Listing ID 7811009
Construction Status Fixer
HOA Y/N No
Year Built 1921
Annual Tax Amount $16,068
Tax Year 2025
Lot Size 7,000 Sqft
Acres 0.1607
Property Sub-Type Condominium
Source First Multiple Listing Service
Property Description
Seize the opportunity to acquire one of Downtown Atlanta's most compelling redevelopment opportunities. Commercial Unit#2 at 20 Marietta Street NW offers more than 7,100 square ft across two expansive levels, presenting an exceptional opportunity for investors, developers, owner-users, and institutional buyers seeking a large commercial footprint in one of Atlanta's most dynamic urban districts.
Offered AS-IS, this property is a true value-add investment with significant upside. The space requires a comprehensive renovation, including replacement of the HVAC system, modernization of other systems, and substantial interior improvements. This is more than a renovation project. It is an opportunity to reposition a sizable Commercial asset into a destination business while benefiting from the continued transformation of Downtown Atlanta.
Located within The Metropolitan, the historic former Third National Bank Building, completed in 1908 as Atlanta's first skyscraper; this landmark property combines architectural significance with exceptional redevelopment potential. Its prominent location at the intersection of Marietta St & Broad St provides outstanding visibility in the heart of Atlanta's central business district.
The flexible two-level layout is well suited for a variety of Commercial uses, including an upscale restaurant, sports bar, boutique fitness or wellness center, medical/dental practice, professional offices, technology hub, co-working space, luxury salon, specialty grocery, retail showroom, or another innovative mixed-use concept.
Just steps away is Underground Atlanta, a historic entertainment and shopping district undergoing a major mixed-use redevelopment that is introducing new residential, retail, restaurant, office, hospitality, and public gathering spaces. This ongoing investment is expected to increase pedestrian traffic, enhance the surrounding business environment, and further strengthen Downtown Atlanta's long-term growth. The property is also within walking distance of many of Atlanta's most recognizable destinations, including:
* Mercedes-Benz Stadium, home of the Atlanta Falcons, Atlanta United FC, & host of Super Bowl LXII in 2028
* State Farm Arena, home of the Atlanta Hawks & premier venue for concerts & major entertainment events
* Five Points MARTA Station with direct rail service throughout Metro Atlanta & Hartsfield-Jackson Atlanta International Airport
* Centennial Olympic Park
* Georgia State University
* Woodruff Park
* City, county, state, and Federal government offices
* Major hotels, restaurants, nightlife, corporate offices, and cultural attractions
Downtown Atlanta continues to attract substantial public & private investment driven by tourism, conventions, higher education, professional sports, corporate expansion, and mixed-use redevelopment. This location provides access to a diverse customer base that includes residents, office professionals, students, government employees, convention attendees, tourists, and millions of visitors attending sporting events, concerts, festivals, and other year-round attractions.
The property's current condition reflects the opportunity it presents. Buyers should anticipate significant capital improvements and customized build-outs based on their intended use. Those improvements create the opportunity to design a modern commercial environment while building long-term value in one of Atlanta's most recognizable historic buildings.
Commercial opportunities exceeding 7,200 sq ft in the heart of Downtown Atlanta are increasingly scarce.
Bring your Architect. Bring your Contractor. Bring your vision!
Location
State GA
County Fulton
Zoning SPI-1
Lake Name None
Rooms
Other Rooms None
Basement None
Interior
Interior Features High Ceilings 10 or Greater, Restrooms
Heating Central
Cooling Central Air
Flooring Concrete, Tile
Equipment None
Window Features Display Window(s),Insulated Windows
Exterior
Parking Features None
Fence None
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
View City, Neighborhood
Roof Type Flat
Street Surface Asphalt,Concrete,Paved
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Corner Lot, Level
Story Two
Foundation Concrete Perimeter
Water Public
Level or Stories Two
Structure Type Asbestos,Concrete,Frame
Construction Status Fixer
Others
Senior Community no
Tax ID 14 007700031889
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS