It very much depends upon what you mean by Atlantis. If you are thinking a continent sized land, located in the Atlantic Ocean, peopled by a culturally and technically advanced society, eventually destroyed by a cataclysm, then no: Not physically possible.
Continents and oceans have quite distinct properties (notably crustal thickness and composition) and are not interchangeable over historical timescales.
However, if by Atlantis you mean a civilisation, advanced for its time, but primitive compared with today's, located somewhere(!), destroyed by natural catastrophe, then there are a number of viable alternatives.
1.Current thinking favours the Minoan civilisation, centred in the Eastern Mediterranean and destroyed by the explosive eruption of Santorini around 1500BC.
2. The West Indies present several options including Cuba, Dominica and the Bahamas. Here destruction would have been in the form of rising sea levels.
3. A maritime culture based on the Azores.
'yourdadonapogos' suggests that Plato was just describing a utopian city. Clearly he, Plato, used the tale of destruction as a political warning to his contemporaries, but equally he was basing it upon fact. Atlantis is as mythical as today as Troy was before Schleimann discovered it.