Neighboring Ponce City Market, Industrial Loft Seeks $489K

Here we find a spacious corner unit at the Troy-Peerless Lofts, an Isaac Moscowitz-designed building that began life as a laundry in 1929 (it retains some Art Deco flourishes and saw-tooth skylights up top) and now faces Ponce City Market. The building was converted to 32 lofts in 2008, an era of painfully bad timing, which is when this three-bedroom unit was last purchased. With a $489,900 asking price, the listing is gunning, naturally, for a return on investment. In calling the loft a one-of-a-kind Atlanta gem, the listing agent touts the combination of space (1,890 square feet), location (hello, Historic Fourth Ward Park, etc.), and perks like the aforementioned skylights, storage unit and two parking spaces. Not mentioned is the sparse kitchen cabinetry that leaves something to be desired, unless the cool cats who fancy this kind of property plan to eat out nonstop. (Also, a wide-angle lens and more powerful flash would not have hurt the online presentation.) But authenticity sells itself these days, and the sliding warehouse door, inimitable brick and soaring ceilings are the kind of touches that are all-too rare in the ATL.

· 650 Glen Iris Drive NE Unit 8 [Estately]