351 Moreland Ave NE - Restaurant FOR SALE


Atlanta, GA 30307- Little Five Points
$12,050,000 USD
404-954-1031
351 Moreland Ave NE, Atlanta, GA for Sale
$12,050,000 USD
Restaurant - FOR SALE
1/5
null | 6.3% Cap Rate

NEW


351 Moreland Ave NE
Atlanta, GA 30307
Little Five Points


HIGHLIGHTS

  • Largest contiguous land assembly remaining in Little Five Points
  • High-profile frontage on one of Atlanta’s busiest arteries
  • Strong existing cash flow with upside from leasing vacant/underutilized space
  • SAP-approved development plan for 200+ units + retail
  • Neighborhood retail gap presents immediate demand driver
  • Option to purchase full assemblage or subdivided groups

OVERVIEW

Premier Assemblage in Little Five Points – 351 Group Moreland Avenue Properties Largest Remaining Contiguous Development Site in L5P This rare offering represents the largest last remaining contiguous piece of land in Little Five Points, one of Atlanta’s most iconic and culturally vibrant neighborhoods. The 351 Group Moreland Avenue assemblage includes six parcels totaling over 2.4 acres with 580 feet of Moreland Avenue frontage—providing unmatched visibility, flexibility, and scale for development or investment. Neighborhood Advantage: Little Five Points ? Atlanta Landmark – L5P is the city’s hub of counterculture, arts, live music, and independent retail—often compared to Greenwich Village in New York. ? Pedestrian & Traffic Counts – Excellent walkability with some of the highest daily traffic counts of any North–South artery in Atlanta. ? Demographics & Draw – Strong mix of young professionals, long-term residents, students, and regional visitors drive retail and multifamily demand. ? Retail Gap – The submarket is in dire need of new retail space, making redevelopment especially compelling. ? Connectivity – Close to MARTA, Freedom Park, the Atlanta BeltLine, and adjacent intown neighborhoods like Inman Park, Candler Park, and Edgewood. ? Assemblage Details Total Assemblage: 6 parcels – 2.4 acres Frontage: ~580 feet on Moreland Avenue Asking Price (assemblage): $12,050,000 Parcels: ? 361 Moreland Ave NE – 0.38 acres, 5,049 SF improvements (Hudson Grille) ? 351 Moreland Ave NE – 0.46 acres, 13,784 SF improvements (Hudson Grille) ? 337 Moreland Ave NE – 0.44 acres, 3,656 SF improvements (Cameli Building) ? 333 Moreland Ave NE – 0.15 acres (vacant) ? 327 Moreland Ave NE – 0.15 acres (vacant) ? 323 Moreland Ave NE – 0.79 acres (vacant lot) Group Purchase Options ? Hudson Grille Building (361 & 351 Moreland Ave) – $5,550,000 ? Parking Lots + Cameli Building (337, 333, 327, 323 Moreland Ave) – $6,500,000 ? Existing Tenancy & Income ? Hudson Grille (Candler-Inman LLC) – Ground-floor tenant with long- term lease (thru 2045, 5-year options). Current rent: $409,200 NNN annually ($34,100 monthly). Tenant open to footprint flexibility. ? Hudson Grille Upper-Level Suites – 9,700 SF available (partitioned, roughed-in with restrooms, HVAC, and elevator). ? Other Income Sources: o 351–361 Moreland Parking: $144,000 annually o Fuji Sushi Truck Lease: $24,000 annually (escalating) o Hattie B’s Employee Parking: $29,040 annually o Bus Production Rentals: ~$9,000 annually o 337 Moreland Building (projected lease): $96,000 annually o 333 Moreland Parking: $48,000 annually Total Annual Income (current + projected): ~$759,000 Development Potential ? Entitlements – Site has received SAP approval for 200+ multifamily units over ground-floor retail. ? Optimal Uses – Mixed-use redevelopment (multifamily + retail), retail center, or phased redevelopment strategy. ? Seller Flexibility – Open to partnering with a purchaser on a thoughtfully designed development plan. Investment Highlights ? Largest contiguous land assembly remaining in Little Five Points ? High-profile frontage on one of Atlanta’s busiest arteries ? Strong existing cash flow with upside from leasing vacant/underutilized space ? SAP-approved development plan for 200+ units + retail ? Neighborhood retail gap presents immediate demand driver ? Option to purchase full assemblage or subdivided groups This is a once-in-a-generation opportunity to acquire and reimagine the gateway to Little Five Points.

FOR SALE DETAILS

PRICE

$12,050,000 USD

PRICE/SF

$603 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Premier Assemblage in Little Five Points

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C1, Atlanta

APN/PARCEL ID

15-209-04-270

ASK ABOUT THIS PROPERTY

Russell Malayery, CCIMBuckhead Brokers Commercial Realtors, LLCMore Info
404-954-1031

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Russell Malayery, CCIMBuckhead Brokers Commercial Realtors, LLCMore Info
404-954-1031

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