Property Location

529 Whitehall Street SW, Atlanta GA 30303

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List Price $4,500,000
Units 1
Price / Unit $4,500,000
Est. Year 1 Cash Flow $-261,921 after debt service
529 Whitehall Street SW Atlanta, GA 30303
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
Approved 10-Story Mixed-Use Development Opportunity in the Heart of Atlanta Rare opportunity to acquire a fully designed and approved development site in one of Atlanta’s fastest-growing urban corridors. Located on Whitehall Avenue near McDaniel Street, the property is positioned minutes from Mercedes-Benz Stadium, State Farm Arena, Centennial Yards, Georgia State University, and downtown Atlanta employment centers. The site has been designed and approved for Noellam Tower, a 10-story mixed-use residential development featuring 151 residential units, ground-floor retail, structured parking, and amenity space. Development Highlights: • Land Area: Approximately 0.97 acres • Approved Building: 10-story residential tower • Total Units: 151 residential units • Total Building Size: Approximately 156,200 SF Unit Mix • 2 Bedroom Units: 8 • 1 Bedroom Units: 111 • Studio / Efficiency Units: 32 Commercial & Amenities: • Ground Floor Retail: Approximately 2,000 SF • Amenity Area: Approximately 1,800 SF Parking: • 131 structured parking spaces • Parking located within the podium and deck levels Concept Design Features: • Modern mid-rise residential tower with balconies • Structured parking integrated into the building • Street-level retail activating Whitehall Avenue • Interior courtyard and amenity space • Easy vehicular access via McDaniel Street Location Advantages: • Minutes from Mercedes-Benz Stadium • Near Centennial Yards redevelopment • Close to Georgia State University • Easy access to I-75 / I-85 connector • Walkable urban infill location Ideal For: • Multifamily developers • Mixed-use developers • Opportunity zone / urban infill investors • Institutional multifamily groups By-Right Zoning Summary Zoning: I-MIX (Industrial Mixed-Use) – City of Atlanta The I-MIX zoning district is intended to encourage the redevelopment of former industrial areas into higher-density mixed-use urban environments. The designation allows for a wide range of residential, commercial, and mixed-use development options. Permitted Uses (By-Right) Under I-MIX zoning, the following uses are typically permitted: • Multifamily residential developments • Mixed-use residential with ground floor retail • Apartments and condominium buildings • Retail shops and neighborhood services • Restaurants and cafes • Office space • Live-work units • Structured parking decks • Hotel and hospitality uses • Creative office / studio space Development Opportunity This zoning supports high-density urban residential and mixed-use development, This property offers a rare chance to develop a high-density multifamily project in a rapidly transforming area of downtown Atlanta with strong long-term growth fundamentals.
Investment Notes — Atlanta
  • Located in the Atlanta, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $4,500,000 Verified
Est. Year 1 Cash Flow $-261,921 after debt service (25% down / 7% / 30-yr) Modeled
Confidence scores included Latest FMLS data Transparent modeling
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Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

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.

MLS ID: 7740761 · Listing courtesy of Ansley Real Estate | Christie's International Real Estate, DEBRA DENT · 678-521-2286

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily