1245 Glenwood Ave SE - Bar FOR SALE


Atlanta, GA 30316- East Atlanta Village
$6,950,000 USD
770-598-6212
1245 Glenwood Ave SE, Atlanta, GA for Sale
$6,950,000 USD
Bar - FOR SALE
1/38
null | 7.08% Cap Rate

1245 Glenwood Ave SE
Atlanta, GA 30316
East Atlanta Village


HIGHLIGHTS

  • Fully renovated historic building in East Atlanta Village
  • 100% occupied with strong rent growth potential
  • Anchored by Southern Feed Store food hall and El Sotano
  • Prime location near Beltline and major intown neighborhoods
  • Includes 41 surface parking spaces, rare for the area

OVERVIEW

• Dynamic food hall and legendary nightlife property • Two-level fully-renovated all brick building circa 1920 • Beautiful storefront entranceway, windows, and murals • High ceilings, exposed wood beams & generous natural lighting • Six chef-driven artisanal stalls serve as destination for foodies • Elevated seating area also serves as live-music stage • Lower level serves as full-service restaurant and bar and nightlife music venue • Both levels have back patio spaces • Large parking lot behind building with 41 spaces is rare in walkable district • High foot traffic and bike-friendly location in heart of East Atlanta Village Tenants: • Southern Feed Store food hall occupies main level facing Glenwood Road • SFS is “Atlanta’s epicenter of independent arts culture music and all around bohemian lifestyles” • 100% Occupied by Woody’s Cheesesteaks, Spun Cow Creamery, Brasiliana Pizza, Buteco EAV, Sinful Slidrz, and Buena Pap Fry Bar • Southern Feed Store has an Instagram following of almost 30k and 4.8 average rating on Yelp • El Sotano occupies the walk-out terrace level previously occupied by storied nightclub Graveyard Tavern • El Sotano restaurant serves lunch and dinner and evolves into nightlife bar and music venue • Most food hall tenants have tenure in their spaces | El Sotano operated by experienced nightlife team

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$603 USD /SF

CAP RATE

7.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Thriving Food Hall, Bar & Music Venue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

NC-2

APN/PARCEL ID

15-176-04-017,15-176-04-018

ASK ABOUT THIS PROPERTY

Michael Wess, CCIMBull Realty Inc.More Info
770-598-6212

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Michael Wess, CCIMBull Realty Inc.More Info
770-598-6212

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