620 Peachtree St NE - Loft/Creative Space CONDO FOR SALE


Atlanta, GA 30308
$2,025,000 USD
404-812-8927
620 Peachtree St NE, Atlanta, GA for Sale
$2,025,000 USD
Loft/Creative Space CONDO - FOR SALE
1/16
6,900 SF | Request Cap Rate

620 Peachtree St NE
Atlanta, GA 30308


HIGHLIGHTS

  • Two commercial condos facing Peachtree Street on the corner of North Ave.
  • Well located on the ground floor of the 270 unit Windsor Over Peachtree condos.
  • Former Midtown Diner is approximately 5,450 SF and is down to the studs.
  • Former Subway is approximately 1,450 SF and is near move in ready.
  • Complimentary gated off street parking allowed in the Windsor parking deck.
  • Excellent visibility with 30,900 vehicles passing daily on North Ave and 20,550 on Peachtree.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,025,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtown Office/Retail Space

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

245,550 SF

STORIES

19

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

SPI2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.