Spend enough time driving around Atlanta, and you’re sure to pass this very recognizable modern-style structure at the John Lewis Freedom Parkway exit where it meets Boulevard.
After all, it’s hard to miss the five-story, aluminum-sided “iconic building,” as the listing puts it.
The Old Fourth Ward property began as a brick building housing a bakery before undergoing a transformation and expansion, designed by Atlanta-based The K.I.A. Group, back in 1998.
At that time, it served as a single-family home with four bedrooms, very high ceilings, expansive windows, and enviable skyline views.
Today, it has four bedrooms, four and 1/2 bathrooms, and a whopping 10,500 square feet. Oh, and 10 parking spaces.
Again, it did not secure the right offer.
Now it’s back, again for $3,500,000, and it’s being touted as a possible live-work, loft-office, restaurant, studio, or event space.
The listing goes so far as to suggest the property could be redone as a mid-rise luxury condo stack or hotel development.
It’s hard to say if time will make the heart grow fonder for potential buyers, but with a listing price tripling its (much smaller) competitors, garnering a contract for the full ask could be a hard sell.
Then again, could the possibility of a hot new development—with extremely high visibility—in the Old Fourth Ward entice investors into taking the leap this time?
- 442 Cain Street [Bull Realty]