316 Peters St SW, Atlanta, GA 30313

Marcus & Millichap is pleased to exclusively present to the market for sale this creative loft development opportunity at 316 Peters Street in the Historic Castleberry Hill neighborhood of Downtown Atlanta. The property is a ±30,740 SF industrial warehouse building situated on 0.22 acre within the Castleberry Hill Opportunity Zone.

Formerly an industrial district, the Castleberry Hill submarket has transformed into an urban, walkable center with a half-mile radius to major market drivers. The area serves a millennial, urban-driven demographic seeking proximity and walkability to job centers, major event venues, retail amenities and green space.

The Property lies in the southern shadow of the Mercedes-Benz Stadium and State Farm Arena and is walkable to four MARTA stations (Five Points, Garnett, Vine City and GWCC/CNN Center) providing transit to downtown and midtown job centers and entertainment/tourist venues. Additionally, the Property has a half-mile radius to downtown private and public job centers such as CNN, the Atlanta University Center, Georgia State University and the offices of the Federal, State, County and municipal governments. The Property receives traffic from main thoroughfare, Northside Drive (30,000 VPD).

To the northeast, a series of game-changing projects will create value for the Property. Projects currently underway and completed are the $5 billion Gulch mixed-use development, Newport US Real Estate's redevelopment of 2 million SF of downtown properties, the redevelopment of Underground Atlanta, the Castleberry Hill Re-verb mixed-use development anchored by the Five-Star Hard Rock Hotel, the Home Depot Backyard Park and the future development of a 1,000-room hotel at the Georgia World Congress Center.

The FIFA World Cup will be held at the Mercedes-Benz Stadium in 2026. It is anticipated that “Atlanta and Georgia will experience an unprecedented impact on the local and state economy with an estimated economic impact of $503.2 million (Metro Atlanta Chamber).”

PROPERTY HIGHLIGHTS:

• 1^ST FLOOR | Commercial kitchen, offices, updated bathrooms

• 2^ND FLOOR | Hanging sheets of drywall, minor updating cost

• 3^RD FLOOR | Open and clear floor (no walls), wall-to-wall visage, exposed brick, high ceilings, nominal updating cost

• ADDITIONAL SPACE | Spacious 4,000 SF basement and additional 2,000 SF in rear attached building

• ROOF & HVAC | Newer roof and 40-ton HVAC with distribution to 1^st & 2^nd floors, longer life expectancy

• ELEVATOR | Extra-large freight elevator and stairwell cavity that spans from the basement level to the rooftop (currently non-operational)