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728 Monroe Drive NE, Atlanta, GA

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728 Monroe Drive NE

Atlanta, GA 30308-4523 - Midtown/Brookwood Ret Submarket

Property Type:Retail Sub Type:- Status:Existing , Renov 2016 Year Built:1954
Building Size:9,500 SF Land Area:.59 AC (25,700 SF)
For Sale Price:$2,400,000 Price/SF:$252.63
Cap Rate:7.74 %
Parking:Free Surface spaces are available; Ratio of .52/1,000 SF

* Located in Midtown @ Ponce de Leon and Monroe
* Upper level is retail
* Lower level is warehouse space with excellent parking

Sale Notes:
Midtown Retail Investment | Cap Rate 7.74%

Bull Realty is pleased to present the opportunity to acquire this two story, freestanding retail building on Monroe Drive, just north off Ponce de Leon Avenue in Atlanta. The property is centrally located in between three of the hottest neighborhoods in town Atlanta including Midtown, Old Fourth Ward and Virginia-Highland. Walking distance to Piedmont Park, the Atlanta Beltline Trail and Ponce City Market.

Recent upgrades to the property include a new roof, HVAC, electrical and plumbing along with a new front facade. Easy upfront parking with a large additional parking area in the rear of the building.

The building has three retail suites facing Monroe Drive totaling 4,150 SF. There are two additional office/retail suites in the rear totaling 5,350 SF.

Significant upside in re-tenanting one of the rear spaces utilizing Landlord termination option.

For more information, please contact Andy Lundsberg.

Bull Realty Inc.
Andy Lundsberg
(404) 876-1640 x107

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