Mixed-Use Building with Street-Level
251 Trinity AVE SW Atlanta, GA 30303
For Sale
$7,400,000
Commercial Sale, Other - Atlanta, GA
Property Size35,000 SF
Lot Size0.03 Acres
Price / SF$211.43
Days on Market29
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
Changed: Jul 15
Last Checked: Jul 30 at 11:06AM
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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
