466 Edgewood Ave NE - Retail FOR SALE


Atlanta, GA 30312- Sweet Auburn | 
$1,700,000 USD
404-371-4100
466 Edgewood Ave NE, Atlanta, GA for Sale
$1,700,000 USD
Retail - FOR SALE
1/1
null | Request Cap Rate

466 Edgewood Ave NE
Atlanta, GA 30312
Sweet Auburn


HIGHLIGHTS

  • Secured by a long-term lease with an established, award-winning theatre and cabaret operator, backed by high-net-worth guarantors.
  • 9 years left on the existing NNN lease, the Tenant is responsible for reimbursement of taxes and insurance with 3.5% annual increases.
  • Recent significant capital improvements, including a new HVAC system and a TPO roof replaced.
  • Located along Edgewood Avenue in Old Fourth Ward, the Property benefits from strong fundamentals.
  • The Property is part of a three-unit condominium structure.
  • Ownership consists of one of three separately owned commercial units.

OVERVIEW

INVESTMENT HIGHLIGHTS • Secured by a long-term lease with an established, award-winning theatre and cabaret operator, backed by high-net-worth guarantors. • 9 years left on the existing NNN lease, the Tenant is responsible for reimbursement of taxes and insurance with 3.5% annual increases. THE PROPERTY • Recent significant capital improvements, including a new HVAC system and a TPO roof replaced. • Located along Edgewood Avenue in Old Fourth Ward, the Property benefits from strong fundamentals within one of Atlanta’s most active intown retail and entertainment corridors. CONDOMINIUM OWNERSHIP • The Property is part of a three-unit condominium structure. • Ownership consists of one of three separately owned commercial units. • Shared elements are governed by a small condominium association, allowing for efficient management of common areas and expenses.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

466B Edgewood

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C3

APN/PARCEL ID

14-0046-0011-088-9

ASK ABOUT THIS PROPERTY

Eric CarltonOakhurst Realty PartnersMore Info
404-371-4100

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

Eric CarltonOakhurst Realty PartnersMore Info
404-371-4100

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