Edgewood Avenue Restaurant/Retail
For Sale
$2,250,000
377 Edgewood Avenue SE, Atlanta, GA 30312
Restaurant or retail property for sale on Edgewood Avenue.
Property Size5,074 SF
Days on Market325
Property Features for 377 Edgewood Avenue SE
General Information
Standard status
Active
Size
5,074 SF
Property subtype
Retail
Zoning
HC-20C SA4
Building Details
Building Size
5,074 SF
Listing Agency:
Bull Realty
Listed By:
Andy Lundsberg · License #256959
(404) 876-1640
Source:
Bullrealty
Added: Nov 25, 2025
Changed: Oct 15
Last Checked: Oct 14 at 8:12PM
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
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Investment Insights
Based on property information with market context.
The property, currently undergoing complete overhaul and expansion with an expected delivery in Q1 2026, will feature a new structure totaling approximately 5,074 square feet. The space could accommodate a different concept on each level from a single operator. Space A, located on the ground floor, offers approximately 2,959 square feet, plus an enclosed patio of approximately 335 square feet, totaling approximately 3,294 total leasable square feet. Space B, on the second floor, provides approximately 1,165 square feet, plus a covered rooftop patio of approximately 615 square feet, totaling approximately 1,165 total leasable square feet. Ceiling heights in the new structure will range from 11 to 15 feet. The property will be delivered as a shell with HVAC, 400 Amps, and a 1500g grease trap. Parking includes 5-10 spaces, depending on the layout. The location offers excellent frontage on Edgewood Avenue, situated within one of Atlanta's most popular restaurant and nightlife areas. It is in close proximity to the Atlanta Beltline (1/2 mile), Downtown Atlanta (less than 1 mile), Georgia State University (less than 1 mile), and Waldo’s Old Fourth Ward 200,000 mixed-use development (1/4 mile).
Key Highlights
- Prime location on Edgewood Avenue in a popular Atlanta restaurant and nightlife district.
- New construction (Q1 2026 delivery) offering ±5,074 SF of customizable space.
- Versatile layout with potential for multiple concepts across different levels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,682
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,640
$1.4M
Cap Rate 7%
$981,171
$981.2K
Cap Rate 9%
$763,133
$763.1K
Market Conditions
NOI Build-Up for 5,074 SF
Gross rent
$97.4K $19.20/SF
− Vacancy
−$5.8K −$1.15/SF
EGI
$91.6K $18.05/SF
− OpEx
−$22.9K −$4.51/SF
NOI
$68.7K $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%
$1,373,640
Cap Rate 7%
$981,171
Cap Rate 9%
$763,133
Alternative Uses
Best Use
Specialty Retail
$981.2K
$858.5K – $1.14M
NOI $68,682 @ 7.0% cap · market cap 3.05%
Second Best
Retail
$844.8K
$739.2K – $985.6K
NOI $59,137 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,286 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,793
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30312, GA
25,435
Population
15,787
Households
1.6
Avg Household Size
34
Median Age
65%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
7,708
Density / Sq Mi
$75,963
Median Household Income
$70,268
Median Earnings
$1,594
Median Rent
$493,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Atlanta, GA
Similar Off Market Nearby
- Chef Anthony's Cuisine — 371 Boulevard SE A, Atlanta, GA 30312
- Just Loaf'n — 371 boulevard se, atlanta, ga 30312
- Cereal and Cream — 415 Memorial Dr SE Suite B, Atlanta, GA 30312
- Distinctive Catering & Events — 200 Piedmont Ave SE, Atlanta, GA 30334
- DAM GOOD MEAL PREP — Boulevard SE, Atlanta, GA 30312
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant or retail property for sale on Edgewood Avenue.
Where is this restaurant located?
The property is located at 377 Edgewood Avenue SE Atlanta, GA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Prime location on Edgewood Avenue in a popular Atlanta restaurant and nightlife district.; New construction (Q1 2026 delivery) offering **±5,074 SF of customizable space.**; Versatile layout with potential for multiple concepts across different levels.
