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323 Moreland Ave NE - ±1.49 AC Commercial or Multi-Family Site 1.49 Acres of Commercial Land Offered at $6,100,000 in Atlanta, GA 30307
Executive Summary
Bull Realty is pleased to present a rare ±1.49-acre development opportunity with approximately 401 feet of frontage along Moreland Avenue in Atlanta’s highly sought-after Little 5 Points district. Zoned NC-1, the site offers flexibility for retail, commercial, and multifamily development. Sites of this scale in Atlanta’s established intown submarkets are increasingly rare.
The property features prominent Moreland Avenue frontage and is surrounded by vibrant neighborhoods including Inman Park, Candler Park, Poncey-Highland, and East Atlanta. The level site is served by all utilities and benefits from transit-oriented zoning with no minimum parking requirement, providing flexibility for an efficient, high-density project.
Current Use & Income — The property includes an available ±3,656 square-foot restaurant/bar at 337 Moreland Avenue, formerly Cameli’s Pizza. The remaining parcels at 323, 327 and 333 Moreland Avenue are improved with a pay parking lot. Both uses provide opportunities to generate income while preserving redevelopment potential.
Location & Market — The property is positioned within a dense, affluent, and highly educated intown trade area. Average household income exceeds $100,000 within three miles, while median household income is approximately $81,000 within one mile. The area also benefits from strong population density, daytime employment, and traffic counts exceeding 38,300 vehicles per day along Moreland Avenue. The site is well positioned to benefit from Atlanta’s continued Eastside revitalization and demand for walkable, amenity-rich neighborhoods with convenient access to employment, dining, entertainment, and transit.
These fundamentals support a mixed-use, multifamily, retail, or commercial development in one of Atlanta’s established intown corridors.
Contiguous Assemblage Opportunity — An additional ±0.79-acre property at 351–361 Moreland Avenue may also be available. The property includes a ±26,346-square-foot building with two restaurants and second-floor commercial space and is currently unencumbered by leases.
Combined, the properties would create a ±2.28-acre assemblage with approximately 611 feet of Moreland Avenue frontage. Pricing guidance for the entire assemblage, including existing improvements, is $11.5 million.
The property features prominent Moreland Avenue frontage and is surrounded by vibrant neighborhoods including Inman Park, Candler Park, Poncey-Highland, and East Atlanta. The level site is served by all utilities and benefits from transit-oriented zoning with no minimum parking requirement, providing flexibility for an efficient, high-density project.
Current Use & Income — The property includes an available ±3,656 square-foot restaurant/bar at 337 Moreland Avenue, formerly Cameli’s Pizza. The remaining parcels at 323, 327 and 333 Moreland Avenue are improved with a pay parking lot. Both uses provide opportunities to generate income while preserving redevelopment potential.
Location & Market — The property is positioned within a dense, affluent, and highly educated intown trade area. Average household income exceeds $100,000 within three miles, while median household income is approximately $81,000 within one mile. The area also benefits from strong population density, daytime employment, and traffic counts exceeding 38,300 vehicles per day along Moreland Avenue. The site is well positioned to benefit from Atlanta’s continued Eastside revitalization and demand for walkable, amenity-rich neighborhoods with convenient access to employment, dining, entertainment, and transit.
These fundamentals support a mixed-use, multifamily, retail, or commercial development in one of Atlanta’s established intown corridors.
Contiguous Assemblage Opportunity — An additional ±0.79-acre property at 351–361 Moreland Avenue may also be available. The property includes a ±26,346-square-foot building with two restaurants and second-floor commercial space and is currently unencumbered by leases.
Combined, the properties would create a ±2.28-acre assemblage with approximately 611 feet of Moreland Avenue frontage. Pricing guidance for the entire assemblage, including existing improvements, is $11.5 million.
Property Facts
| Price | $6,100,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.49 AC |
| Property Type | Land | ||
| Zoning | NC-1 | ||
| Price | $6,100,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.49 AC |
| Zoning | NC-1 |
1 Lot Available
Lot 4
| Price | $6,100,000 | Lot Size | 1.49 AC |
| Price Per AC | $4,093,959.73 |
| Price | $6,100,000 |
| Price Per AC | $4,093,959.73 |
| Lot Size | 1.49 AC |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-209-04-275 | Improvements Assessment | $0 |
| Land Assessment | $588,080 | Total Assessment | $588,080 |
Property Taxes
Parcel Number
15-209-04-275
Land Assessment
$588,080
Improvements Assessment
$0
Total Assessment
$588,080
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