351-361 Moreland Ave - Restaurant FOR SALE


Atlanta, GA 30307- Little Five Points
$6,500,000 USD
404-465-3345
351-361 Moreland Ave, Atlanta, GA for Sale
$6,500,000 USD
Restaurant - FOR SALE
1/11
null | Request Cap Rate

Apr '26


351-361 Moreland Ave
Atlanta, GA 30307
Little Five Points


HIGHLIGHTS

  • 23,741 SF mixed-use building on ±0.80 acres in the heart of Little Five Points.
  • Two second-generation restaurant spaces with patio seating and existing infrastructure.
  • Approximately 10,000 SF of flexible second-floor space suitable for office, wellness, or creative uses.
  • Prominent Moreland Avenue frontage with ~30,600 vehicles per day and strong visibility.
  • Near-term vacancy creates a rare opportunity to reposition and re-tenant a large infill asset.

OVERVIEW

351–361 Moreland Avenue presents a rare opportunity to acquire control of a 23,510-square-foot mixed-use building situated on approximately 0.80 acres along one of Atlanta’s most visible and culturally established commercial corridors. Positioned in the heart of Little Five Points and between the affluent residential neighborhoods of Inman Park and Candler Park, the property benefits from long-standing district identity, strong surrounding household income, and consistent consumer traffic patterns. Fronting Moreland Avenue with approximately 30,600 vehicles per day (GDOT 2024), the asset offers exceptional visibility and signage exposure. The property includes approximately 44 onsite parking spaces, a meaningful amenity within this infill corridor and a critical component for restaurant, hospitality, medical, or experiential retail concepts. The two-story structure was comprehensively renovated in 2003, including replacement of major mechanical systems, and includes established restaurant infrastructure, patio areas, shared restrooms, and second-floor office/flex space. The building spans two parcels that function as a single economic unit and must convey together. Offered at $6,500,000, or approximately $276 per square foot, the property presents an attractive basis relative to replacement cost and provides meaningful upside through repositioning and lease-up, creating an opportunity for investors to unlock additional value through strategic re-tenanting.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Heart of Little 5 Points

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C1, Atlanta

APN/PARCEL ID

15-209-04-270

ASK ABOUT THIS PROPERTY

Danny GlusmanWidespread Commercial GroupMore Info
404-465-3345

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Danny GlusmanWidespread Commercial GroupMore Info
404-465-3345

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