Commercial

20 Marietta Street NW Unit CU2

Atlanta, GA 30303

Location

20 Marietta Street NW Unit CU2, Atlanta GA 30303

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List Price$1,499,999
TypeCondominium
Building7,120 SF
Lot0.16 Ac
Building

Improved commercial

7,120 SF building

Condominium · SPI-1 · $211 / SF · 0.16 ac lot

Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7811009
Listing Provided By Great Homes ATL, LLC · 678-642-8400
Description

Property Description

Exceptional Downtown Atlanta Value-Add Investment and Redevelopment Opportunity! 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 Commercial unit 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 7,000 sq ft in the heart of Downtown Atlanta are increasingly scarce. Bring your Architect. Bring your Contractor. Bring your vision!
Tax Advantage

Opportunity Zone Property

Tract 13121011900

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

Listing facts

Structured MLS fields. Remark language is not verified.

Year built
1921
Zoning
SPI-1
Price / SF
$211
Price / acre
$9,374,994
Days on market
21
Loading
Delivery Door
Road frontage
10 ft
Owner pays
All Utilities, Cable TV, Electricity, Insurance, Repairs, Taxes, Water
Taxes
$16,068
Tax year
2025
Opportunity zone
Yes

Utilities & systems

As reported on the listing. Confirm service and capacity on site.

Available

  • Cable
  • Electricity
  • Phone
  • Sewer
  • Water

Heating

  • Central

Commercial Analysis

Key metrics and property characteristics

List Price$1,499,999
Building Size7,120 SF
Price / SF$211
Lot Size0.16 Acres
Price / Acre$9,374,994
ZoningSPI-1
Property SubtypeCondominium
Year Built1921

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20 Marietta Street NW Unit CU2

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Disclaimer

Important Investment Information

Financial and property metrics are taken from the MLS listing when available. Cap rates or other calculated figures may be estimated. All figures are for screening only — verify with current financials and physical inspection.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.