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620 Peachtree St NE
Atlanta, GA 30308

$2,025,000 USD

Loft Creative Space Condos For Sale • 6,900 SF

Property Details

Property Type Loft Creative Space
Total Building Size 245,550 SF
Lot Size 0.8 AC
Building Class B
Year Built 1965
Tenancy Multiple
Zoning SPI2

66 Transit Score

91 Walk Score

2 Units Available

Name	Condo Use	Size	Price
1st Floor - Unit 270	Office/Retail	6,900 SF	$2,025,000 USD
Unit Size: 6,900 SF Condo Use: Office/Retail Price: $2,025,000 USD Sale Type: Investment Price/SF: $293.48 USD Sale Notes This offering is two prime ground-floor vacant commercial condos in the Windsor Over Peachtree condo building, right in the heart of Midtown Atlanta on Peachtree Street and North Avenue. The larger suite, formerly the Midtown Diner, is 5,450 SF and ready for renovation. The smaller suite, formerly Subway, is 1,450 SF and is nearly move-in ready. The spaces can be used for restaurant or easily converted for medical or retail uses. With excellent visibility from Peachtree Street and North Avenue, the property benefits from 30,900 vehicles passing daily and heavy foot traffic from nearby hotels, office buildings, Emory Midtown Hospital, the Fox Theatre, and the Bank of America Tower across the street. This is a high-traffic, high-exposure location ideal for restaurant or retail use. The owner gets one tax bill and one HOA bill and has been splitting them 22% / 78%. Taxes have been $17,250 and HOA has been $31,000 per year. The HOA amount includes base property insurance and water. The tenants had been reimbursing the landlord for all of this, and new tenants are expected to as well.
1st Floor - Unit 202	Retail	6,900 SF	$2,025,000 USD
Unit Size: 6,900 SF Condo Use: Retail Price: $2,025,000 USD Sale Type: Investment or Owner User Price/SF: $293.48 USD

Description

This offering is two prime ground-floor vacant commercial condos in the Windsor Over Peachtree condo building, right in the heart of Midtown Atlanta on Peachtree Street and North Avenue. The larger suite, formerly the Midtown Diner, is 5,450 SF and ready for renovation.  The smaller suite, formerly Subway, is 1,450 SF and is nearly move-in ready.  The spaces can be used for restaurant or easily converted for medical or retail uses. 

With excellent visibility from Peachtree Street and North Avenue, the property benefits from 30,900 vehicles passing daily and heavy foot traffic from nearby hotels, office buildings, Emory Midtown Hospital, the Fox Theatre, and the Bank of America Tower across the street. This is a high-traffic, high-exposure location ideal for restaurant or retail use.

The owner gets one tax bill and one HOA bill and has been splitting them 22% / 78%.  Taxes have been $17,250 and HOA has been $31,000 per year. The HOA amount includes base property insurance and water.  The tenants had been reimbursing the landlord for all of this, and new tenants are expected to as well.

                
                    Highlights
                
                                Two commercial condos facing Peachtree Street on the corner of North Ave.
                            
                                Well located on the ground floor of the 270 unit Windsor Over Peachtree condos.
                            
                                Former Midtown Diner is approximately 5,450 SF and is down to the studs.
                            
                                Former Subway is approximately 1,450 SF and is near move in ready.
                            
                                Complimentary gated off street parking allowed in the Windsor parking deck.
                            
                                Excellent visibility with 30,900 vehicles passing daily on North Ave and 20,550 on Peachtree.

Property Flyers

Two Commercial Condos For Sale - Midtown Atlanta

Amenities

24 Hour Access
Controlled Access
Fitness Center
Property Manager on Site
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Atlanta (Crescent - Amtrak)	5 min	-	2.8 mi
Transit/Subway	Drive	Walk	Distance
North Avenue (Gold Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Red Line - Metropolitan Atlanta Rapid Transit Authority (MARTA))	0 min	2 min	0.1 mi
Civic Center (Gold Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Red Line - Metropolitan Atlanta Rapid Transit Authority (MARTA))	1 min	8 min	0.4 mi
Midtown (Gold Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Red Line - Metropolitan Atlanta Rapid Transit Authority (MARTA))	2 min	15 min	0.8 mi
Peachtree Center (Gold Line - Metropolitan Atlanta Rapid Transit Authority (MARTA), Red Line - Metropolitan Atlanta Rapid Transit Authority (MARTA))	1 min	17 min	0.9 mi
Carnegie Way (Atlanta Streetcar - Metropolitan Atlanta Rapid Transit Authority (MARTA))	2 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Hartsfield - Jackson Atlanta International	18 min	-	11.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Elliott Kyle 404-812-8927 Skyline Seven Real Estate

620 Peachtree St NE Atlanta, GA 30308