Two-Story Mixed-Use
For Sale
$5,400,000
351 Moreland Ave NE, Atlanta, GA 30307
The first floor contains two completed restaurant suites, with adaptable space on the level above.
Property Size20,222 SF
Price / SF$267.04
Days on Market48
Property Features for 351 Moreland Ave NE
General Information
Standard status
Active
Size
20,222 SF
Property subtype
Available Restaurants
Building Details
Year Built
1953
Buildings
1
Stories
2
Building Size
20,222 SF
Listing Agency:
Bull Realty
Listed By:
Michael Bull, CCIM
(404) 876-1640
Source:
Bullrealty
Added: Aug 28
Changed: Sep 13
Last Checked: Oct 12 at 6:09PM
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 Bull Realty
Investment Insights
Based on property information with market context.
The WB George building is a two-story mixed-use property totaling approximately ±20,222 SF. Its ground level is configured with two fully built-out restaurant spaces, while the upper floor provides flexible commercial space that can accommodate varied uses.
Constructed in 1953, the building is located at 351 Moreland Ave NE in Atlanta, Georgia. The property combines restaurant-oriented improvements on the first floor with additional usable space above, creating a multi-level commercial layout for an investor or owner-user.
Constructed in 1953, the building is located at 351 Moreland Ave NE in Atlanta, Georgia. The property combines restaurant-oriented improvements on the first floor with additional usable space above, creating a multi-level commercial layout for an investor or owner-user.
Key Highlights
- Approximately ±20,222 SF across two stories
- Two fully built‑out restaurant spaces on the first floor
- Flexible commercial space occupies the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$273,725
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,474,500
$5.5M
Cap Rate 7%
$3,910,357
$3.9M
Cap Rate 9%
$3,041,389
$3.0M
Market Conditions
NOI Build-Up for 20,222 SF
Gross rent
$388.3K $19.20/SF
− Vacancy
−$23.3K −$1.15/SF
EGI
$365.0K $18.05/SF
− OpEx
−$91.2K −$4.51/SF
NOI
$273.7K $13.54/SF
Area
Atlanta, GA
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,474,500
Cap Rate 7%
$3,910,357
Cap Rate 9%
$3,041,389
Alternative Uses
Best Use
Specialty Retail
$3.91M
$3.42M – $4.56M
NOI $273,725 @ 7.0% cap · market cap 5.07%
Second Best
Mixed Use
$3.51M
$3.07M – $4.09M
NOI $245,697 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$5.65M
$4.95M – $6.59M
NOI $395,698 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,461
Businesses Nearby
Explore this area
Business Placement
Demographics for 30307, GA
20,807
Population
10,308
Households
2
Avg Household Size
37
Median Age
82%
College-Educated
98%
High-School Grad
4.5 sq mi
ZIP Area
4,624
Density / Sq Mi
$147,553
Median Household Income
$86,485
Median Earnings
$2,001
Median Rent
$704,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Atlanta, GA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The first floor contains two completed restaurant suites, with adaptable space on the level above.
Where is this mixed-use property located?
The property is located at 351 Moreland Ave NE Atlanta, GA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Approximately ±20,222 SF across two stories; Two fully built‑out restaurant spaces on the first floor; Flexible commercial space occupies the second floor
