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30951338
30951355

351 Moreland Ave NE, Atlanta, GA 30307

Widespread Commercial Group
Listed by Widespread Commercial Group
$6,500,000
92 days on market
Updated 92 days ago

351-361 Moreland Avenue

Details
Property Type Retail
Sub Type Restaurant
Square Footage 23,510
Net Rentable (SqFt) 23,510
Cap Rate 8.93%
Tenancy Multi
Lease Type NNN
Price per SqFt $276
Year Renovated 2021
Buildings 2
Stories 2
Acreage 0.800
Zoning NC-1
Investment Type Value Add

Heart of Little 5 Points

Marketing description

351–361 Moreland Avenue offers a 23,510 SF mixed-use building on approximately 0.80 acres, presenting a compelling value-add opportunity with near-term flexibility. The two-story structure includes established restaurant infrastructure on the ground floor and second-level office/flex space, allowing a purchaser to reposition, re-tenant, or reconfigure the asset to align with current market demand.
The property benefits from NC-1 zoning (City of Atlanta), approximately 44 onsite parking spaces, and existing patio and restaurant build-outs, reducing redevelopment risk and capital requirements compared to ground-up construction. With control of the full building footprint, investors can implement a strategic lease-up plan, hospitality repositioning, or hybrid owner-user conversion.

Investment highlights

  • 23,741 SF mixed-use building on ±0.80 acres in the heart of Little Five Points.

  • Two second-generation restaurant spaces with patio seating and existing infrastructure.

  • Approximately 10,000 SF of flexible second-floor space suitable for office, wellness, or creative uses.

  • Prominent Moreland Avenue frontage with ~30,600 vehicles per day and strong visibility.

  • Near-term vacancy creates a rare opportunity to reposition and re-tenant a large infill asset.

Listing Contacts

Widespread Commercial Group
Listed by Widespread Commercial Group

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