Atlanta High-Rise Development Opportunity | ±0.81-Acre Site Centennial Olympic Park

Prime High-Rise Development Opportunity | 355 Centennial Olympic Park Drive, Atlanta, GA

Presenting a landmark commercial real estate investment and development opportunity in the heart of Downtown Atlanta: a premier 0.81± acre corner development site offered at $11,500,000. Located at 355 Centennial Olympic Park Drive, this trophy parcel sits directly adjacent to Centennial Olympic Park, offering iconic park and city skyline vistas along with unobstructed sunset views.

Positioned within Atlanta’s most visited tourism, convention, and sports district, this prime land parcel represents a rare chance to capitalize on high-density urban growth in a rapidly expanding submarket.

Fully Entitled & Shovel-Ready for Immediate Development

This property offers an extraordinary advantage for developers seeking to minimize timelines and eliminate execution risk. The site is shovel-ready and comes fully entitled with complete construction plans in place for a 188-key, ±162,772 SF full-service or boutique hotel.

In addition to hotel development, the property features flexible, high-density SPI-1 SA5 zoning, allowing for a wide range of alternate high-rise development uses, including:

• Luxury Multifamily & Residential High-Rise

• Class A Office & Corporate Headquarters

• Urban Retail & Restaurant Experience

• High-Density Mixed-Use Commercial Complex

Unmatched Connectivity, Site Topography & Existing Income

• Site Topography: Features a gentle eastward slope ideal for efficient subterranean or podium structured parking designs, optimizing vertical development height.

• In-Place Holding Income: Currently operates as an active parking lot generating steady holding cash flow between $5,000 and $12,000 per month, offsetting carry costs during pre-development phases.

• Walker’s & Transit Paradise: Boasts a Walk Score of 90 (Walker’s Paradise) and a Transit Score of 78 (Excellent Transit), ensuring high accessibility for future hotel guests, residents, and office workers alike.

World-Class Demand Drivers & Entertainment Anchors

Located within immediate walking distance of Atlanta’s highest-grossing tourist, convention, and sports venues, the site benefits from continuous year-round foot traffic and sustained room and rental demand. Key surrounding anchors include:

• Centennial Olympic Park (Direct Frontage)

• Georgia Aquarium

• World of Coca-Cola

• Mercedes-Benz Stadium (Home of the Atlanta Falcons & Atlanta United)

• State Farm Arena (Home of the Atlanta Hawks)

• Georgia World Congress Center (GWCC) (Top-tier national convention center)

• National Center for Civil and Human Rights

• Dense concentration of chef-driven dining, luxury hotels, and cultural attractions

Property Specifications & Investment Summary

• Asking Price: $11,500,000

• Address: 355 Centennial Olympic Park Drive NW, Atlanta, GA 30313

• Lot Size: 0.81± Acres (±35,283 SF)

• Zoning: SPI-1 SA5 (Special Public Interest District - High Density)

• Entitlements: Shovel-ready for 188-key, ±162,772 SF hotel

• Proposed Uses: Hospitality, Multifamily, Office, Retail, or Mixed-Use

• Holding Income: $5,000–$12,000/month (Existing Parking Operations)

• Walk Score: 90 | Transit Score: 78