Despite the litany of woe besetting the Atlanta Streetcar, it'd be hard to argue the big blue people-movers haven't brought spurts of economic development unseen in the Sweet Auburn area for decades.
And a newly listed, century-old building along Auburn Avenue could mark the next change for the neighborhood.
Billed as "Freedom Corner," the two-story red-brick building dates back to 1910. With a recently spruced-up facade, approval for Historic Tax Credits, and the space for street-front retail topped by apartments, the building has a lot of potential for someone looking to take on a project.
The $750,000 asking price works out to a rather palatable $117 per square foot, though photos indicate there's a lot of work to be done on the inside. The proximity to Georgia State University, downtown Atlanta, and Old Fourth Ward are definite bonuses, though.
The building's potential echoes the transformation of its neighbor, the Atlanta Daily World, a couple of years ago. With work wrapping on 200 Edgewood around the corner and rumblings of a major deal in the works just down the street, it's pretty clear the neighborhood is enjoying an upswing.
- 340 Auburn Avenue [LoopNet]
- Inside the First New Apartments on Atlanta Streetcar Line [Curbed]