This offering is two prime ground-floor vacant commercial condos in the Windsor Over Peachtree condo building, right in the heart of Midtown Atlanta on Peachtree Street and North Avenue. The larger suite, formerly the Midtown Diner, is 5,450 SF and ready for renovation. The smaller suite, formerly Subway, is 1,450 SF and is nearly move-in ready. The spaces can be used for restaurant or easily converted for medical or retail uses.
With excellent visibility from Peachtree Street and North Avenue, the property benefits from 30,900 vehicles passing daily and heavy foot traffic from nearby hotels, office buildings, Emory Midtown Hospital, the Fox Theatre, and the Bank of America Tower across the street. This is a high-traffic, high-exposure location ideal for restaurant or retail use.
The owner gets one tax bill and one HOA bill and has been splitting them 22% / 78%. Taxes have been $17,250 and HOA has been $31,000 per year. The HOA amount includes base property insurance and water. The tenants had been reimbursing the landlord for all of this, and new tenants are expected to as well.