ATLANTA – Nov. 11, 2019 A property with a unique history has hit the market in Atlanta’s booming Castleberry Hill neighborhood. Located at 256 Walker Street, the American Laundry Building is appropriately named after serving as the local laundry drop-off/pick-up location for railroad workers during Castleberry Hill’s heyday as a booming industrial and manufacturing hub. The seller is represented by Charlie Carroll of Stratus Property Group.
Owned by the same family for the past two decades, the property sits on .42 acres and consists of 12,000 SF of heated and cooled space, with an additional +/- 22,500 SF of buildable area. It also features 35 gated, off street parking spots – a hot commodity in the dense, infill neighborhood. During the more recent past, the property has served as a private residence, a co-working space, a restaurant/café, an event venue and a film studio. Perhaps most notably, the American Laundry Building was used by Atlanta’s own iconic hip-hop duo, OutKast, in the filming of their music video for one of their most popular song titles, “So Fresh, So Clean.” Many characteristics of the property seen within the video’s backdrop remain unchanged today.
256 Walker St is located only one half mile from Mercedes Benz Stadium and the highly touted Centennial Yards development project, the largest city center redevelopment in the Southeast United States. Its location is prime for investors looking for opportunity in a rapidly developing area as Castleberry Hill was included in an Opportunity Zone census tract as part of the Tax Cuts and Jobs Act of 2017, spurring an increased interest and investment in the area.
“The property’s location, visual appeal and storied history really stood out to us,” says broker Charlie Carroll, “we’re thrilled to be representing the owner in the marketing and sale of such a unique property at a time when the surrounding area is in the early phases of the strongest wave of redevelopment in the neighborhood’s history. The quality and charm of the existing building along with its prime location within the Castleberry Hill Historic Arts District and the potential for further expansion or redevelopment makes this a fantastic opportunity for the right investor or end user.”
The American Laundry Building is currently listed for $4.5MM — Inquiries can be directed toward Carroll by emailing charlie@stratuspg.com or calling 404-618-0720.
Check out the published article on Atlanta Curbed!