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28339643
30044028

1245 Glenwood Ave SE & 532 Joseph Ave SE, Atlanta, GA 30316

Bull Realty
Bull Realty
Listed by Bull Realty
$6,675,000
203 days on market
Updated 99 days ago

Thriving Food Hall, Bar & Music Venue | ±8.0% Cap Rate

Details
APN 15 176 04 017 & 15 176 04 018
Property Type Retail
Sub Type Bar, Food Hall (+1)
Square Footage 11,534
Cap Rate 8.00%
NOI $534,146
Occupancy 100%
Tenancy Multi
Brand/Tenant Woody's Cheesesteaks, The Spun Cow (+5)
Price per SqFt $579
Year Built 1920
Year Renovated 2025
Stories 2
Acreage 0.520
Zoning NC-2

Thriving Food Hall, Bar & Music Venue | ±8.0% Cap Rate | 100% Occupied | East Atlanta Village

Investment highlights

Property:

• Dynamic food hall and legendary nightlife property

• Two-level fully-renovated all brick building circa 1920

• Beautiful storefront entranceway, windows, and murals

• High ceilings, exposed wood beams & generous natural lighting

• Six chef-driven artisanal stalls serve as destination for foodies

• Elevated seating area also serves as live-music stage

• Lower level serves as full-service restaurant and bar and nightlife music venue

• Both levels have back patio spaces

• Large parking lot behind building with 41 spaces is rare in walkable district

• High foot traffic and bike-friendly location in heart of East Atlanta Village

Tenants:

  • Southern Feed Store food hall occupies main level facing Glenwood Road

  • SFS is “Atlanta’s epicenter of independent arts culture music and all around bohemian lifestyles”

  • 100% Occupied by Woody’s Cheesesteaks, Spun Cow Creamery, Brasiliana Pizza, Buteco EAV, Sinful Slidrz, and Buena Papa Fry Bar

  • Southern Feed Store has an Instagram following of almost 30k and 4.8 average rating on Yelp

  • El Sotano occupies the walk-out terrace level previously occupied by storied nightclub The Basement

  • El Sotano restaurant serves lunch and dinner and evolves into nightlife bar and music venue

  • Most food hall tenants have tenure in their spaces | El Sotano operated by experienced nightlife team

Listing Contacts

Bull Realty
Bull Realty
Listed by Bull Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$534,146.00
$44,512.17/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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