619 Edgewood Ave
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.
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