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30068109
30068134

50 Hurt Plaza SE, Atlanta, GA 30303

RS
168007
Franklin Street Tampa
Listed by Franklin Street Tampa
Unpriced
92 days on market
Updated 41 days ago

The Hurt Building

Details
Property Type Office, Mixed Use
Sub Type Traditional Office, Medical Office
Square Footage 436,337
Occupancy 58%
Tenancy Multi
Class A
Year Built 1913
Year Renovated 2018
Stories 18
Acreage 1.380
Zoning SPI-1
Investment Type Value Add

Premier Downtown Atlanta Value Add Office Opportunity

Marketing description

The Hurt Building is a distinguished 18 story, 446,707 square foot Class A office tower located at 50 Hurt Plaza SE in the heart of Downtown Atlanta’s Central Business District. Originally constructed in 1913 and comprehensively renovated in 2018, the property blends historic architectural character with modernized building systems and contemporary tenant amenities.

The property is currently 58 percent occupied and anchored by Grady Health System and Morehouse School of Medicine, providing stable in place income and long term institutional tenancy. With 49 tenants representing healthcare, legal, nonprofit, government, and professional services sectors, the building benefits from a diversified rent roll while presenting a compelling lease up opportunity across approximately 44 percent vacancy.

Recent capital improvements include lobby renovations, upgraded common areas, a penthouse amenity floor, a fitness center with locker rooms and showers, and multiple conference facilities. The building also features six modernized passenger elevators, a 2.0 per 1,000 square foot parking ratio through an adjacent garage, 24 hour security, and LEED EB Platinum, BOMA 360, and Energy Star certifications.

Strategically positioned among Downtown Atlanta’s major demand drivers including Georgia State University, Centennial Yards, Mercedes Benz Stadium, and the Five Points MARTA Station redevelopment, The Hurt Building offers investors an opportunity to acquire a landmark CBD office asset with current cash flow and significant upside potential in one of the Southeast’s most active urban markets.

The Hurt Building is strategically positioned at 50 Hurt Plaza SE in the heart of Downtown Atlanta’s Central Business District, one of the Southeast’s most significant employment and transit hubs. The property sits at the intersection of the city’s primary economic, academic, and entertainment drivers, offering immediate access to Georgia State University, Centennial Yards, Mercedes Benz Stadium, State Farm Arena, and the Georgia World Congress Center.

Downtown Atlanta is undergoing a substantial wave of reinvestment and repositioning, highlighted by the 50 acre Centennial Yards redevelopment, the revitalization of South Downtown, and the ongoing transformation of Underground Atlanta. These initiatives are reshaping the urban core with new residential density, hospitality, retail, and mixed use development, reinforcing long term demand for well located office assets.

The property benefits from exceptional regional connectivity with direct access to Interstates 75, 85, and 20, as well as proximity to multiple MARTA rail stations including Five Points, the city’s primary transit hub. With a Walk Score of 95, tenants enjoy immediate access to dining, retail, hospitality, and public space including Woodruff Park and Hurt Park.

Surrounded by a growing residential population, major institutional anchors, and continued public and private capital investment, The Hurt Building is positioned within one of Atlanta’s most dynamic and evolving submarkets.

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Investment highlights

  • 446,707 square foot Class A office tower in the heart of Downtown Atlanta
  • Landmark 1913 construction with comprehensive 2018 renovation
  • 58 percent occupied with immediate lease up opportunity across approximately 44 percent vacancy
  • Anchored by Grady Health System and Morehouse School of Medicine with leases extending through 2029 and 2034
  • Diversified 49 tenant roster spanning healthcare, legal, nonprofit, government, and professional services
  • 96,000 plus square feet of recent leasing activity following capital improvements
  • Significant recent upgrades including renovated lobby, penthouse amenity floor, fitness center, and conference facilities
  • 2.0 per 1,000 square foot parking ratio with adjacent multi level parking garage
  • LEED EB Platinum, BOMA 360, and Energy Star certified building
  • Walk Score of 95 providing immediate access to retail, dining, hospitality, and transit
  • Direct access to Interstates 75, 85, and 20 with proximity to multiple MARTA rail stations
  • Positioned near major demand drivers including Georgia State University, Centennial Yards, Mercedes Benz Stadium, and State Farm Arena

Listing Contacts

RS
168007
Franklin Street Tampa
Listed by Franklin Street Tampa

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