Commercial

556 Mcdonough Boulevard SE

Atlanta, GA 30315

Location

556 Mcdonough Boulevard SE, Atlanta GA 30315

Interactive map

Loads on click

List Price$2,495,000
TypeMixed Use
Lot1.30 Ac
Land

Commercial land

1.30 acres

Mixed Use · Commercial · c-2-C · $1,919,231 / acre

Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7697467
Listing Provided By Keller Knapp · 770-402-3957
Description

Property Description

PERMIT IN HAND for 102 Loft Style Apartments in the Beltline OVERLAY! 556 Mcdonough is 1.3 acres of commercial & mixed-use land on a corner lot in the heart of South Atlanta & the City's fastest growing neighborhoods! In the Beltline Overlay and an OPPORTUNITY ZONE, purchase a shovel ready project with ACTIVE building permits in hand for 102 LOFT STYLE Apartments! Just minutes from the new BRT southside station, Atlanta Beltline, Terminal Station food hall, The Beacon, Grant Park, and a TREMENDOUS amount of residential and commercial development. This is where ATL is growing...and this is the ONLY shovel ready and permitted apartment site available on the entire SOUTHSIDE. BRILLIANT!
Tax Advantage

Opportunity Zone Property

Tract 13121006400

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
2025
Zoning
c-2-C
Price / acre
$1,919,231
Days on market
266
Road frontage
500 ft
Owner pays
Other
Taxes
$2,974
Tax year
2024
Opportunity zone
Yes

Utilities & systems

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

Available

  • Cable
  • Electricity
  • Natural Gas
  • Sewer
  • Water

Commercial Analysis

Key metrics and property characteristics

List Price$2,495,000
Lot Size1.30 Acres
Price / Acre$1,919,231
Zoningc-2-C
Property SubtypeMixed Use
Year Built2025

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556 Mcdonough Boulevard SE

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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.