Renovated Downtown Mixed-Use
251 Trinity Avenue SW Atlanta, GA 30303
251 Trinity Avenue SW, Atlanta, GA, 30303
$7,400,000
For Sale
$7,400,000
COMMERCIAL - Atlanta, GA
Property Size35,000 SF
Lot Size0.03 Acres
Price / SF$211.43
Days on Market416
Property Features for 251 Trinity Avenue SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 14 007700050145
- Size
- 35,000 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8258
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Flooring type
- Tile, Brick, Hardwood, Carpet
- Building materials
- Brick, Concrete
Listing agency
Engel & V?lkers Atlanta
(404) 845-7724
Listed by
Tyler Russell · License #358216
(404) 510-2246
Added: Jun 1, 2025 Updated: Jun 29 at 4:26PM Checked: Jul 21 at 9:06AM
MLS# 10534152
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 35,000-square-foot mixed-use property spans three contiguous parcels on an approximately 0.30-acre site. The tenant mix includes recently renovated apartments and street-level retail, including a tattoo shop and a salon, as well as several restaurant/lounge/nightclub concepts with new tenant buildouts underway. Extensive renovations have been completed, including a brand-new roof and modernized apartments.
The property is located at 251 Trinity Avenue SW in Downtown Atlanta, Fulton County, Georgia (30303). It benefits from SPI-1 zoning, and the surrounding area includes active development activity. The site is described as being just steps from Atlanta Tech Village’s new downtown campus and Wild Leap Brewery.
For buyers and operators, the combination of completed building improvements and an in-place, diversified retail and residential mix can support an income-focused acquisition. The SPI-1 zoning and ongoing tenant buildouts also position the asset for continued leasing and tenant completion within a mixed-use environment.
The property is located at 251 Trinity Avenue SW in Downtown Atlanta, Fulton County, Georgia (30303). It benefits from SPI-1 zoning, and the surrounding area includes active development activity. The site is described as being just steps from Atlanta Tech Village’s new downtown campus and Wild Leap Brewery.
For buyers and operators, the combination of completed building improvements and an in-place, diversified retail and residential mix can support an income-focused acquisition. The SPI-1 zoning and ongoing tenant buildouts also position the asset for continued leasing and tenant completion within a mixed-use environment.
Key Highlights
- Prime Downtown Atlanta location with SPI‑1 zoning offering unparalleled redevelopment flexibility.
- Strong in‑place cash flow with a projected Net Operating Income of $430,000.
- 35,000 SF mixed‑use property on three contiguous parcels.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $756.0k | $21.60 |
| − Vacancy | −$75.6k | −$2.16 |
| EGI | $680.4k | $19.44 |
| − OpEx | −$255.2k | −$7.29 |
| NOI | $425.3k | $12.15 |
35,000 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$6.07M
$5.32M – $7.09M
NOI $425,250 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$5.83M
$5.10M – $6.80M
NOI $407,925 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$9.78M
$8.56M – $11.41M
NOI $684,869 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three contiguous parcels with street-level retail and apartments, positioned within Downtown Atlanta.
Where is this mixed-use property located?
The property is located at 251 Trinity Avenue SW Atlanta, GA.
What is the asking price?
The asking price for this property is $7,400,000.
What are key features of this property?
This property features: Prime Downtown Atlanta location with SPI‑1 zoning offering unparalleled redevelopment flexibility.; Strong in‑place cash flow with a projected Net Operating Income of $430,000.; 35,000 SF mixed‑use property on three contiguous parcels.
