261 Peters Street SW is a c.1897 heavy-timber mixed-use building in the historic core of Castleberry Hill, offered vacant and available for immediate occupancy or adaptive reuse. The property totals 16,110 gross square feet across two floors of roughly 7,500 square feet each, with approximately 15,000 square feet of interior area on a 0.20-acre site. The building retains the fabric that defines this district: heavy timber posts and beams, exposed brick, arched masonry openings and original wood floors. The two floors are independently accessed. The ground floor holds two street-front retail or restaurant bays plus a rear studio and warehouse opening to a back yard, served by a recorded Walker Street easement. The upper floor is open with high ceilings, reached by its own stair directly from Peters Street. A buyer can lease both floors, occupy one and lease the other, or take the entire upper floor as a single large private loft residence with commercial income beneath it. Zoning is HC-20N Subarea 1, the Castleberry Hill Historic Core, which accommodates many uses. The building is a contributing structure in a district listed on the National Register in 1985 and designated a City of Atlanta Landmark District in 2006.