Highlights
•Address: 355 Centennial Olympic Park Drive •±0.81-acre prominent corner parcel •SPI-1 SA5 zoning allowing high-density hotel, multifamily, office, retail, or mixed-use development •Fully entitled 188-key hotel with completed construction plans •±162,772 square feet planned development •Slight eastward rising topography ideal for structured parking •Direct park frontage with skyline and sunset views •Walk Score of 90 (Walker’s Paradise) •Transit Score of 78 (Excellent Transit) •Existing parking income of approximately $5,000–$12,000 per month •Located within Atlanta’s premier tourism, convention, sports, and entertainment corridor
Description
An exceptional development opportunity awaits at 355 Centennial Olympic Park Drive, a premier ±0.81-acre corner parcel directly adjacent to Centennial Olympic Park in the heart of downtown Atlanta. This rare site offers sweeping park and skyline views, including unobstructed sunset vistas, within one of the city’s most dynamic and heavily visited tourism and entertainment districts. Positioned for high-rise multifamily, mixed-use, office, retail, or hospitality development, the property benefits from flexible SPI-1 SA5 zoning that allows for high-density uses. The site is shovel-ready for a fully entitled 188-key, ±162,772-square-foot hotel, with completed construction plans already in place—substantially reducing development timelines and mitigating execution risk. The parcel’s slight upward slope to the east is well-suited for structured parking and vertical construction. With direct frontage on Centennial Olympic Park and a Walk Score of 90, the property offers unparalleled pedestrian connectivity and strong transit access (Transit Score: 78). Surrounded by Atlanta’s most powerful demand generators—including Centennial Olympic Park, Georgia Aquarium, World of Coca-Cola, Mercedes-Benz Stadium, State Farm Arena, Georgia World Congress Center, and a dense concentration of dining, entertainment, and cultural venues—the location supports sustained occupancy, premium rental rates, and long-term asset appreciation. The property also provides interim income from existing parking operations, generating approximately $5,000 to $12,000 per month.
Listing Details
- Space Type
mixed-use
- Sub Category
mixed-use-hospitality / mixed-use-multifamily
- Date Listed
2/12/2026
Property Specifics
- Property Name
Atlanta High-Rise Development Opportunity | ±0.81-Acre Site
- Building Size
35,238 SF
- Lot Size
0.81 Ac
- Zoning
SPI-1 SA5