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$ 389,900
Est. payment /mo
Price Dropped by $10K
479 Old Wheat ST NE Atlanta, GA 30312
1,045 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Old Fourth Ward
MLS Listing ID 10778527
HOA Y/N No
Annual Tax Amount $2,757
Tax Year 2025
Lot Size 1,045 Sqft
Acres 0.024
Lot Dimensions 1045.44
Property Sub-Type Unimproved Land
Source Georgia MLS 2
Property Description
Rare Intown Atlanta Development Opportunity in the Heart of Old Fourth Ward! Located at 479 Old Wheat Street NE, this Residential Lot offers a unique opportunity to build a Single-Family Home in one of Atlanta's most sought-after and rapidly evolving neighborhoods. Surrounded by a mix of Historic Charm, Modern Townhomes, Luxury Residences, and Commercial Development, this property sits just moments from the Atlanta BeltLine, Krog Street Market, Ponce City Market, Inman Park, Reynoldstown, Sweet Auburn, and Downtown Atlanta. Enjoy unparalleled access to some of the city's most popular Dining, Shopping, Entertainment, Parks, and Employment Centers, along with convenient connectivity to MARTA, I-75/I-85, and I-20. Positioned in an area experiencing continued growth and investment, this homesite offers the rare opportunity to create a custom residence in a premier Intown location while honoring the character and architectural fabric that make Old Fourth Ward so special. Adding to the appeal, the property includes Approved Plans designed to streamline the development process and help accelerate the path toward permitting and construction, offering a significant advantage for buyers ready to bring their vision to life. With Public Water and Sewer available and surrounded by ongoing redevelopment, this is a rare chance to secure a piece of real estate in one of Atlanta's most vibrant urban corridors. Whether you're looking to move forward with a planned project, build your dream home, or hold for future appreciation, opportunities in locations like this are becoming increasingly difficult to find. For investors, the property may also present attractive tax planning opportunities, including potential benefits associated with land improvements and current bonus depreciation provisions. Buyers should consult their tax advisor regarding eligibility and application based on their individual circumstances. This may be especially appealing for those seeking to redeploy capital gains into a tangible asset in one of Atlanta's fastest-growing Intown neighborhoods.
Location
State GA
County Fulton
Rooms
Bedroom Description No
Interior
Fireplace No
Exterior
Community Features Sidewalks, Street Lights, Near Public Transport, Walk To Schools, Near Shopping
Utilities Available Other
View Y/N No
Private Pool No
Building
Lot Description Level, Private
Faces Please use GPS.
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Hope Hill
Middle Schools David T Howard
High Schools Midtown
Others
Tax ID 14 004600121316
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