Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-04-13
A, J. West, Veteran Land Dealer,
Recalls important Trades
Netting Fortunes,
PEACHTREE'S GOLD STREAM
Pioneers Bought and Held VaIu-
able ParceIs-NOw They
Don't Have to Worry,

The little triangle just north Of the
Gambler Building, known as the J. G..
Peck property, was sold, not so many
years ago, for a consideration Of
$4,000 To-day it is almost priceless,
The northeast corner of Peachtree
Street and Auburn Avenue was sold
for $4,000 To-day It's annual rental
is $4,000 The site of the Atlanta
National Bank Building was sold at
the rate of $500 a front foot, then
considered tremendous price To-
day It is worth 10000 The site
of the Majestic Hotel sold at the
rate of $500 front foot And to-day
It Is worth about ten times that
much, without counting the building.
Startling advances in realty are
enumerated by Gen. A. J. West, Of
the A. ]. & H. f. West Real Estate
Agency, as follows:
When Atlanta had 10000 inhabi-
tants our firm sold to Walker p. In
man the southwest corner OF Peach
tree and Walton Streets for $4,000,
and this has since been re-sOld for
100000.
Capt. Engish's Purchase.
When Atlanta had 10000 inhabi-
tants, we sold the northeast corner
Of Peachtree and Auburn Avenue to
Capt. James w. English for s4,500.
1t is now leased for $4,000 a year,
nearly three times as much as Capt.
English paid for it.
When the population was 100000,
we sold to Mrs. Judge T. J. Sim
mems for $500 a front foot the prop
erty on which the Majestic Hotel
stands II is now worth vacant 81
900 or more per front foot
In the days when the population
wa 100000 we sold the northwest
corner of PeachtUee and Cain Streets,
where the Masonic Temple now
stands. 20 W. b. Berry, Of Newman
for $4,000. That 6OX19O-fOot lot is
now worth $4,000, without i'm
pUOVements.
We sold the northeast corner Of
Whitehall and Alabama Streets
where the Atlanta National Bank
Building now stands. for $4,000
front foot. Ii would now bring Sl0,-
900 front foot as a vacant propo-
sition.
Fifteen years ago We sold the
triangle north of the Gambler Build
ing across Houston Street TO J. c..
Peck for $4,000. Ten years later Mr.
Peck declined 100000, and the par
eel is now worth about 100000.
From s12,50o to $4,000.
When Atlanta had $4,000 inhab-
itants, We sold the southeast corner
of Peachtree Street and Forrest Ave
nue.. 1O0x2OO, to the late Peter F.
Smith for S12500. That property
Judging from sales recently made in
the neighborhood, is now worth
$4,000.
IN the days when the population
was 100000. we sold the northwest
corner Of Pryor Street and Auburn
Avenue for the late W A. Moore TO
the Masonic Temple Company for
SS5. 600 Calculate for yourself what
II is worth to-day.
Let your minds eye run out
Peachtree Street with me for about
a mile TO the southwest corner of
Peachtree and Howard Streets,
for Henry Y. Snow for $4,000. The
same property, plus a little additional
frontage to the south sold recently
TO one Of the shreWdest buyers in
Atlanta for 100000 cash. This was
on a vacant land basis, as the house
is soon TO be torn down
Lets run Out about two miles
from the center. 4 few years ago
we sold the southwest corner Of
Peachtree and Tenth Streets, extend
ing westward through to Crescent
m I "a
front foot A vacant lot adjoining
this, only so feet deep. sold two
-'reeks ago to Andrew Word at the
rate of S5S5 a front foot.
"Now step out Peachtree Road
about eight miles. Five years ago
we sold an old field 10 W. s. William
for IS front foot He built on
part of it. and has been offered $50
"a foot for the vacant portion.
Profit Of $4,000 Made.
Proceed with me to the ten-mile
post, 10 what is known as the Wal
ter Andrews tract at GoOdins sta
ton We have handled this tract
four times in the past Ave years.
beginning at $4,000. Il was sold
recently by Charles P. Glover for
S100,000 and the purchaser viii
double his money by subdividing IL.
More fortunes have been made
in Atlanta real estate than in all
other businesses combined, and /
predict that values viii c0utinu- %
advance as the city grows. This
win apply especially to semi-Centrsl
property and parcels farther out. At
lanta will have 100000 people by
1890, and the same fortunes are go
ing to be made by the people who
buy now"