File this one under “hidden in plain sight” and “potential urban dream loft” with a heaping helping of “WTF.”
Passed by thousands of Atlanta BeltLine patrons each week who probably don’t realize it exists, a 1950s brick warehouse property at 116 Krog Street is up for sale that could make for all sorts of adaptive-reuse creations with top-notch walkability, according to sellers.
With skylights above and a towering auto-shop loft fronting Krog Street, the three-level property spans nearly 5,400 square feet, enough to qualify for mansion status in ritzier parts of Atlanta.
Currently used as single-tenant offices, the 1955 building has a full kitchen, three bathrooms, multiple work areas and has been featured in numerous Hollywood films, according to Pollock Commercial, which holds the property listing, first posted a few months ago.
The asking price? A cool $5.5 million. [UPDATE: Oct. 25: The property has been reduced this month to $4.9 million, according to current listings.]
Selling at that number would be a breakdown of—gasp—$1,024 per square foot.
The building's context between the BeltLine's Eastside Trail and Krog Street, with Portman Holdings' Krog Junction retail and office hub shown under construction. Pollock Commercial
A tube bunk? Pollock Commercial
The long, linear property is now surrounded by the expanded Krog District that includes Krog Street Market, new offices and retail space, a parking garage, and SPX Alley. Across the Eastside Trail, Portman Holdings’ Krog Junction project is rounding into shape, with expectations of opening this summer.
116 Krog is being marketed as the “last great piece of the BeltLine,” with renderings included in promotional materials that show it remade into a more classic brick structure that echoes its new neighbors.
Have a closer look in the gallery above, and imagine what could become of a BeltLine property that, for once, is actually like no other.
An architect's rendering of what a Krog Street facade makeover could look like. Pollock Commercial
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