Mixed-Use Investment in the Heart of Midtown | Attractive Assumable Loan | Atlanta, GA

1136 Crescent Avenue, Atlanta, GA 30309

  • For Sale $12,000,000
  • Property Type Multi-Family
  • Property Size 16,918 SF
  • Units 14
  • Date Updated Apr 10, 2024
This property is located in the heart of Midtown, Atlanta.Recently renovated, mixed-use investment property in the heart of Midtown, Atlanta. This unparalleled location offers the best of what Midtown has to offer, surrounded and within walking distance to popular shops, restaurants, museums, parks and nightlife destinations. The building consists of 14 multifamily units on the upper two levels with 2 retail tenants on the ground and basement levels. This prime corner in-fill site is surrounded by several new high-rise developments, including the proposed Midtown Exchange development, making this one of the last remaining future potential redevelopment assemblage opportunities around. The 14 multifamily units were recently renovated throughout and are being rented as fully furnished apartments. The unit mix consists of (8) 1 bedroom/1 bath units and (6) studios. All units are furnished with modern style décor and in-unit laundry making them very desirable in this highly sought after intown location. The two lower-level tenants include Fin & Feathers Restaurant on the ground level and Embr Lounge below it. There is also a street-level ATM machine that provides great passive income. Both tenants just recently renovated their spaces and have NNN lease structures ending in October 2031 and January 2030 respectively, both with renewal options. This is one of six locations for Fin & Feathers and one of several locations for the operator of EMBR lounge, with both tenants having long term franchise ambitions. This offering is subject to assumable debt with a new buyer/owner qualifying to assume the current loan on the property. See page 7 of OM for further details.

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Attachments

Highlights

  • Irreplaceable in-fill location in the heart of Midtown
  • Assumable Loan at 70% LTV at 5.99% interest only fixed until October 2027
  • Proforma NOI $812,761
  • Mixed-use including both multifamily and highly desirable retail space
  • Corner location with excellent visibility
  • Ideal Airbnb location
  • Recently renovated throughout
  • Street-level ATM provides great passive income
  • Very strong rental demand for both multifamily and retail
  • The property benefits from its access to major thoroughfares including I-75, I-85 and Georgia State Route 400
  • Within walking distance to new proposed mixed-use development that will be known as Midtown Exchange
  • Situated within walking distance to several popular restaurants, nightlife and entertainment including Colony Square, Joy Cafe, STK Steakhouse, South City Kitchen, Lure, Publico, High Museum of Art and more
  • Located on the same block as three 4-star hotels and one 5-star hotel
  • Located within walking distance to many major midtown employers including Google (0.2 miles) King & Spalding (0.2 miles) Frazier & Deeter (0.2 miles) and PWC (0.2 miles)
  • Multiple paid parking lots in the immediate surrounding area
  • Located 1 block from Peachtree Street, 0.4 miles from Piedmont Park, 1.3 miles from The Atlanta BeltLine Eastside Trail

Contacts

broker

Andy Lundsberg

Bull Realty

(404) 876-1640

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    66/100 Good Transit

  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Midtown Atlanta
  • Zip Code 30309
  • Market Atlanta

Points of Interest

  • Arts Center

    0.28 miles

  • Midtown

    0.31 miles

  • North Avenue

    0.96 miles

  • Atlanta

    1.05 miles

  • Civic Center

    1.35 miles

  • Carnegie at Spring

    1.84 miles

  • Centennial Olympic Park

    1.88 miles

  • Peachtree Center

    1.92 miles

  • Southwest Entrance

    1.94 miles

  • Luckie at Cone

    1.95 miles

  • Chevron

    0.43 miles

  • eVgo

    0.84 miles

  • ChargePoint

    0.85 miles

  • Tesla Supercharger

    0.91 miles

  • BP

    0.92 miles

  • Exxon

    1.04 miles

  • Shell

    1.12 miles

  • Shell

    1.14 miles

  • Blink

    1.16 miles

  • Exxon

    1.17 miles

  • The Proscenium Parking Deck

    0.04 miles

  • Promenade Parking

    0.18 miles

  • One Atlantic Center Parking

    0.26 miles

  • Regions Plaza Parking

    0.29 miles

  • Centergy Parking Deck

    0.61 miles

  • Georgia Tech Research Institute Parking Deck

    0.64 miles

  • Family Housing Parking Deck

    0.66 miles

  • Sage Parking

    0.72 miles

  • Fiji Lot

    0.74 miles

  • Technology Square Parking Deck

    0.77 miles

  • Four Seasons Hotel

    0.05 miles

  • Moxy Atlanta Midtown

    0.08 miles

  • AC Hotel Atlanta Midtown

    0.09 miles

  • Atlanta Marriott Suites Midtown

    0.12 miles

  • W Atlanta - Midtown

    0.17 miles

  • Hampton Inn Atlanta Midtown

    0.24 miles

  • Residence Inn Atlanta Midtown/Georgia Tech

    0.26 miles

  • Hyatt Centric Midtown Atlanta

    0.31 miles

  • Home2 Suites by Hilton Atlanta Midtown

    0.35 miles

  • Artmore Hotel

    0.37 miles

  • Tap

    0.09 miles

  • Pasta Di Pulcinella

    0.10 miles

  • BurgerFi

    0.12 miles

  • 5Church Atlanta

    0.13 miles

  • Panera Bread

    0.14 miles

  • Chick-fil-A

    0.15 miles

  • Einstein Bros. Bagels

    0.18 miles

  • Einstein's

    0.18 miles

  • Atlantic Cafe

    0.25 miles

  • The Nook

    0.34 miles

  • University School

    0.06 miles

  • Tenth Street School

    0.45 miles

  • Academy of Medicine

    0.53 miles

  • Children's School

    0.59 miles

  • Center for Spatial Planning Analytics and Visualization

    0.75 miles

  • Savannah College of Art and Design Atlanta

    0.77 miles

  • Midtown High School

    0.84 miles

  • R. Kirk Landon Learning Center

    0.94 miles

  • Georgia Tech

    1.01 miles

  • Georgia Tech

    1.08 miles

  • The Children's Campus @ Georgia Tech

    0.73 miles

  • YWCA

    1.82 miles

  • Freedom Park Preschool

    2.28 miles

  • Paly 2 Grow

    2.45 miles

  • Atlanta Montessori International School

    2.48 miles

  • Carol's Daughter Learning Center

    2.62 miles

  • Primrose School

    2.88 miles

  • The Clifton School

    4.27 miles

  • Gymboree

    4.59 miles

  • Decatur Presbyterian Children's Community

    5.24 miles

Frequently Asked Questions

What is the lease rate for Mixed-Use Investment in the Heart of Midtown | Attractive Assumable Loan | Atlanta, GA?

Rental asking rate at Mixed-Use Investment in the Heart of Midtown | Attractive Assumable Loan | Atlanta, GA is $6,000,000.00/YR.

What is the total square footage of Mixed-Use Investment in the Heart of Midtown | Attractive Assumable Loan | Atlanta, GA?

Mixed-Use Investment in the Heart of Midtown | Attractive Assumable Loan | Atlanta, GA totals 16,918 square feet.

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Contact Listing Broker

broker

Andy Lundsberg

Bull Realty

(404) 876-1640