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34283685
34283684

619 Edgewood Avenue Southeast, Atlanta, GA 30312 For Sale

RS
GA GA 426598, AL AL 000166024
CBRE - Atlanta
KH
GA 315157
CBRE - Atlanta
CBRE - Atlanta
Listed by CBRE - Atlanta
Unpriced
10 days on market
Updated 10 days ago

619 Edgewood Ave

Details
APN 14 002000010014
Property Type Mixed Use, Office (+1)
Sub Type Creative Office
Square Footage 16,153
Net Rentable (SqFt) 16,153
NOI $243,485
Occupancy 58%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 2001
Buildings 1
Stories 3
Acreage 0.610
Zoning C2 Commercial Service District/Beltline Overlay District
Investment Type Value Add
Ground Lease No
Sale Condition N/A

Mixed-Use Asset with Parking Revenue & Upside Steps Away from Atlanta Beltline

Marketing description

619 Edgewood Ave is a 16,153 SF mixed-use asset located on Edgewood Ave, occupying a key position in the heart of the Historic Old Fourth Ward neighborhood known for it's culinary scene, vibrant nightlife hotspot and lively outdoor patios, particularly along Edgewood Avenue. The Property, boasting a 95 walk score, is strategically situated steps away from the Atlanta Beltline Eastside Trail and Krog Street Market with over two million annual visitors. 619 Edgewood Ave performs as a true neighborhood asset with a well-crafted tenant mix of e-commerce resistant categories including food & beverage, service, medical and office.

619 Edgewood Ave offers an investor multiple levers to significantly increase cashflow growth throughout the hold period. At 58% leased, the future Owner can strategically lease-up 1,956 SF of desirable street front and lower level retail space and 4,870 SF of office space that was recently renovated and move-in ready, for an estimated $300K+ of additional income. Ownership recently signed a 2,439 SF office lease with Canary Hiring Technologies at $35.00 PSF demonstrating the immediate upside embedded in the remaining 4,870 SF office vacancy. The Property generated nearly $80,000 in parking revenue in 2025 via monthly contracts and transient parking. The future Owner can capture additional parking revenue upon office lease-up while also continuing to collect significant transient parking revenue during the evenings and weekends. 619 Edgewood Avenue is unique in that current Ownership has strategically been signing short-term leases with Landlord Termination language to preserve redevelopment rights long-term. There are very minimal sites in the Historic Old Fourth Ward neighborhood with this proximity to the Beltline that can be rezoned for rare future densification while also maintaining stable cashflow for years to come. The offering represents a one-of-a-kind opportunity to acquire a mixed-use asset with immediate upside and outsized parking revenue adjacent to the Beltline Eastside Trail.

The asset is being offered for sale simultaneously with three other assets 476-486 Edgewood Ave, 521-537 Edgewood Ave and 560 Edgewood Ave. Ownership will accept offers on an individual property and/or sub-portfolio or portfolio basis.

Investment highlights

  • Immediate Cash Flow Growth Opportunities
  • True Value-Add Play - Three highly leasable vacancies totaling 6,826 SF
  • Successfully tax appeal in 2025.
  • Transient & Office Parking Revenue
  • Urban Real Estate with Dominant Position in Heart of Edgewood
  • Steps Away from Atlanta Beltline Eastside Trail
  • Strong Surrounding Demographics with Growing Residential Base
  • The asset is being offered for sale simultaneously with three other assets 476-486 Edgewood Ave, 521-537 Edgewood Ave and 560 Edgewood Ave. Ownership will accept offers on an individual property and/or sub-portfolio or portfolio basis.

Listing Contacts

RS
GA GA 426598, AL AL 000166024
CBRE - Atlanta
KH
GA 315157
CBRE - Atlanta
CBRE - Atlanta
Listed by CBRE - Atlanta

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Loan Amount
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$243,485.00
$20,290.42/mo

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Additional Information

Name
Rachel Smith Little
License
GA 426598
Brokerage
CBRE
Brokerage Phone
4045047900
Title
Salesperson
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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