Mixed-Use Building with Street-Level
251 Trinity AVE SW Atlanta, GA 30303
251 Trinity AVE SW, Atlanta, GA, 30303
$7,400,000
For Sale
$7,400,000
Commercial Sale, Other - Atlanta, GA
Property Size35,000 SF
Lot Size0.03 Acres
Price / SF$211.43
Days on Market22
Property Features for 251 Trinity AVE SW
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- SPI1
- Standard status
- Active
- APN
- 14 007700050145
- Lot size
- 0.03 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Flooring type
- Brick, Carpet, Hardwood, Tile
- Roof type
- Other
- Architectural style
- Other
Listing agency
Engel & Völkers Atlanta
(404) 845-7724
Listed by
Tyler Russell
Added: Jul 2 Updated: Jul 15 at 3:04AM Checked: Jul 23 at 1:06AM
MLS# 10534152
Copyright © 2026 Engel & Völkers. 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 for-sale mixed-use property consists of three contiguous parcels and offers a combined building size of approximately 35,000 SF. The current setup includes recently renovated apartment units along with street-level retail space occupied by a tattoo shop and a salon. Additional restaurant/lounge/nightclub tenants are also part of the mix, with new tenant buildouts underway. Extensive renovations have already been completed, including a brand-new roof and modernized apartments.
Located at 251 Trinity Ave SW in Downtown Atlanta (Atlanta, GA 30303), the property is zoned SPI1, which may support redevelopment flexibility for a new owner.
As presented, the asset combines in-place residential and retail income with active improvements and interior buildouts across multiple concepts, providing a diversified structure within the mixed-use format.
Located at 251 Trinity Ave SW in Downtown Atlanta (Atlanta, GA 30303), the property is zoned SPI1, which may support redevelopment flexibility for a new owner.
As presented, the asset combines in-place residential and retail income with active improvements and interior buildouts across multiple concepts, providing a diversified structure within the mixed-use format.
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.
- Diversified rent roll from recently renovated apartments and street‑level retail/restaurant/lounge/nightclubs.
Local Financial Insights For Specialty Retail
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 | $672.0k | $19.20 |
| − Vacancy | −$40.3k | −$1.15 |
| EGI | $631.7k | $18.05 |
| − OpEx | −$157.9k | −$4.51 |
| NOI | $473.8k | $13.54 |
35,000 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$6.77M
$5.92M – $7.90M
NOI $473,760 @ 7.0% cap · market cap 6.40%
Second Best
Mixed Use
$6.07M
$5.32M – $7.09M
NOI $425,250 @ 7.0% cap · market cap 5.75%
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
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with renovated apartments and street-level retail across three contiguous parcels under SPI1 zoning.
Where is this mixed-use property located?
The property is located at 251 Trinity AVE 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.; Diversified rent roll from recently renovated apartments and street‑level retail/restaurant/lounge/nightclubs.
