Kodak Building | Ponce Development
Unique Development Opportunity on Ponce de Leon Avenue
1) The Kodak Building
Originally constructed in 1905 as an Italian Renaissance-style residence, the Kodak Building underwent commercial alterations in the 1940s to house the Star Photo camera shop. Its recognizable facade and iconic "KODAK" sign have become landmarks along Ponce de Leon Avenue. The building served as the campaign headquarters for Shirley Franklin, Atlanta's first female mayor, adding to its historical significance.
Lot Size: 0.1102 AC
Building Size: 6,800 SF
2) The Atlanta Eagle
Built in 1898 as a private residence, the Atlanta Eagle Building was converted for commercial use in 1949. It eventually became a prominent gathering place for the LGBTQ community, serving as a site for public social interaction. The Atlanta Eagle, a popular gay bar, has operated in the building since the 1980s, making it a potential candidate for the first LGBTQ landmark designation in the Southeast.
Lot Size: 0.2479 AC
3) Kodak / Eagle Parking Lot
Lot Size: 0.0551 AC
Description: Additional paved parking lot utilized by former tenants, providing essential ingress/egress to the subject properties.
PROPERTY FACTS
Price: $2,900,000
Number of Properties: 3
Price: / SF$170.70 / SF
Total Building Size: 16,989 SF
Sale Type: Investment
Total Land Area: 0.41 AC
TOTAL PROPERTY ASSEMBLAGE
Total Lot Size: 0.4132 AC
Zoning: MRC-2/Landmark (MRC-2 LBS with underlying MRC-2-C)
Landmark Designation: As of June 14, 2021, the City of Atlanta designated these properties as Landmark Building Sites.
Development Rights: Current ownership has invested over $100,000 securing development rights subject to negotiated conditions.
Development Potential
Mixed-Use Development: Ideal for combining retail, office, and residential units, capitalizing on the high demand in the area.
Cultural Venue: Opportunity to create a cultural hub that honors the historical significance of the properties.
Boutique Hotel: Leverage the historic charm to develop a boutique hotel, offering a unique experience for visitors.
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