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595 North Ave NW 18,000 SF 33% Leased Flex Building Atlanta, GA 30318 $9,200,000 ($511.11/SF)
Investment Highlights
- Completely renovated in 2023-2024
- Ample parking
- On the Beltline
- Near Mercedes Benz Stadium State Farm Arena and Georgia World Congress Center
Executive Summary
Newly renovated Beltline flex/hospitality campus less than one mile from Mercedes-Benz Stadium, State Farm Arena, and Georgia World Congress Center. Redeveloped in 2023, the property features three suites, including approximately 9,000 SF occupied by Avenue Kitchen & Cocktail, an upscale dining and event venue. An additional 4,000 SF white-box flex suite and 5,000 SF fully finished vacant suite offer versatility for hospitality, entertainment, office, showroom, or restaurant use.
Located directly on the Beltline with visibility to approximately 16,000 vehicles per day, the site includes 100 on-site parking spaces plus complimentary street parking. Avenue Kitchen & Cocktail, including all FF&E, is included in the sale, with over $2M invested into the business buildout in addition to the property’s multi-million-dollar 2023 redevelopment. Buyers also have the option to purchase the business separately and assume the existing lease.
Located directly on the Beltline with visibility to approximately 16,000 vehicles per day, the site includes 100 on-site parking spaces plus complimentary street parking. Avenue Kitchen & Cocktail, including all FF&E, is included in the sale, with over $2M invested into the business buildout in addition to the property’s multi-million-dollar 2023 redevelopment. Buyers also have the option to purchase the business separately and assume the existing lease.
Property Facts
| Price | $9,200,000 | Rentable Building Area | 18,000 SF |
| Price Per SF | $511.11 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1950/2010 |
| Property Type | Flex | Parking Ratio | 5.56/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 18’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.84 AC | Opportunity Zone |
Yes
|
| Zoning | SPI-3 SA6 - SPI-3 SA6 Federal Opportunity Zone | ||
| Price | $9,200,000 |
| Price Per SF | $511.11 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.84 AC |
| Rentable Building Area | 18,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2010 |
| Parking Ratio | 5.56/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | SPI-3 SA6 - SPI-3 SA6 Federal Opportunity Zone |
Utilities
- Gas
- Water
- Sewer
- Heating
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-0082-0001-085-2 | Improvements Assessment | $1,654,840 |
| Land Assessment | $253,000 | Total Assessment | $1,907,840 |
Property Taxes
Parcel Number
14-0082-0001-085-2
Land Assessment
$253,000
Improvements Assessment
$1,654,840
Total Assessment
$1,907,840
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595 North Ave NW
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