The iconic Flatiron Building has been a prominent feature of the Atlanta skyline for over 125 years. Originally home to various banks, it was recently acquired by Lucror Resources in October 2014 for $1.95 million and underwent extensive renovations costing approximately $12 million. The building has since been listed on the National Register of Historic Places and reopened in 2016 as “FlatironCity,” serving as a hub for startups and small businesses.
Currently, the building is up for sale with around 67% of its roughly 42,000 square feet already leased out to tenants such as the City of Atlanta’s Women’s Entrepreneurship Initiative and Alta Planning & Design. Additionally, Land of a Thousand Hills Coffee operates a popular cafe on the ground floor.
Despite its historic significance, there is significant interest in purchasing this property from both academic institutions and other potential buyers. Lee & Associates’ Michael Palazzone and Tim Head are leading efforts to market this unique opportunity.
This article originally appeared on Connect CRE.
