Mixed-Use Property with Street-Level
251 Trinity Avenue SW, Atlanta, GA 30303
Three-parcel mixed-use building with renovated apartments and street retail, plus nightlife spaces under buildout.
Type:Mixed Use
Property size:
35,000 SFLot size:
0.30 AcresPrice / SF:
$211/SF- Added:
- Jun 1, 2025
- Days on Market:
- 392
- Last Refresh:
- Jun 27 at 2:21 am
Property Features for 251 Trinity Avenue SW
General Information
- Standard status
- Active
- Size
- 35,000 SF
- Lot size
- 0.30 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing office Engel & Volkers Atlanta
Listing date Jun 1, 2025
Source Waldriprealestate
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Atlanta
HighLights
- 35,000 SF mixed‑use building on three contiguous parcels totaling approx. 0.30 acres
- Year built 1920; extensive renovations completed including a brand‑new roof and modernized apartments
- Diversified tenant mix with street‑level retail (tattoo shop and salon) and multiple restaurant/lounge/nightclub spaces
- Several nightlife spaces have new tenant buildouts underway to add income streams
- SPI‑1 zoning provides redevelopment flexibility
- Projected NOI of $430,000 with in‑place cash flow from a diversified rent roll
Overview
A 35,000 SF mixed-use property spanning three contiguous parcels offers a diversified income profile. The building includes recently renovated apartments and street-level retail, with tenant space currently described as a tattoo shop and salon. Additional restaurant, lounge, and nightclub uses are included in the mix, with new tenant buildouts underway for those concepts.
The property is located at 251 Trinity Avenue SW in downtown Atlanta, GA, and is positioned for redevelopment activity. The remarks indicate the site has SPI-1 zoning, and it benefits from proximity to major nearby projects, including Atlanta Tech Village’s downtown campus and Wild Leap Brewery.
For buyers and operators, this asset combines existing residential and retail operations with other hospitality-oriented space being prepared for new tenants. The renovation work referenced in the offering includes a brand-new roof and modernized apartments, which may help reduce near-term capital needs for an incoming owner. With multiple income streams within one property, the building may be well-suited for investors looking to manage a mixed rent roll while keeping redevelopment optionality in place.
The property is located at 251 Trinity Avenue SW in downtown Atlanta, GA, and is positioned for redevelopment activity. The remarks indicate the site has SPI-1 zoning, and it benefits from proximity to major nearby projects, including Atlanta Tech Village’s downtown campus and Wild Leap Brewery.
For buyers and operators, this asset combines existing residential and retail operations with other hospitality-oriented space being prepared for new tenants. The renovation work referenced in the offering includes a brand-new roof and modernized apartments, which may help reduce near-term capital needs for an incoming owner. With multiple income streams within one property, the building may be well-suited for investors looking to manage a mixed rent roll while keeping redevelopment optionality in place.
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.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.3960395
- Latitude
- 33.7508198
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-parcel mixed-use building with renovated apartments and street retail, plus nightlife spaces under buildout.
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: 35,000 SF mixed‑use building on three contiguous parcels totaling approx. 0.30 acres; Year built 1920; extensive renovations completed including a brand‑new roof and modernized apartments; Diversified tenant mix with street‑level retail (tattoo shop and salon) and multiple restaurant/lounge/nightclub spaces
