Midtown Atlanta Restaurant/Bar
For Sale
Contact for pricing
Midtown Atlanta GA, Atlanta, GA 30002
Restaurant/Bar for sale or lease near Ponce City Market.
Property Size1,600 SF
Price / SF$436.88
Days on Market783
Property Features for Midtown Atlanta GA
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Retail
Listing Agency:
The Shumacher Group
Listed By:
Steven Josovitz · License #GA 164878
Source:
Crexi
Added: Aug 19, 2024
Changed: Oct 6
Last Checked: Oct 9 at 4:10PM
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 The Shumacher Group
Investment Insights
Based on property information with market context.
Located in Midtown Atlanta, near Ponce City Market, this property is available for sale or lease with real estate. The approximately 1,600-square-foot space is currently operating as a fully equipped restaurant and bar with seating for 50, including a 12-seat bar. The space is suitable for restaurant and bar use, or conversion for office, studio, or professional purposes. The property is not suitable for hookah or late-night clubs with loud music. A reported $600,000 was invested to open the doors, resulting in a build-out. Pricing options include purchasing the real estate and all assets, including furniture, fixtures, and equipment, for $699,000. Alternatively, the furniture, fixtures, and equipment can be purchased for $99,000 with a long-term lease at $7,500 per month, including extra charges. Owner financing on the sale of the real estate is available; at full price, the seller would consider financing 40% personally guaranteed over three years at 6%.
Key Highlights
- Prime location near Ponce City Market in Midtown Atlanta.
- Real estate and all assets available for purchase at $699,000, or FF&E for $99,000 with a $7,500/month lease.
- Fully equipped restaurant and bar, ready for immediate operation or conversion to office/studio/professional space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,658
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,160
$433.2K
Cap Rate 7%
$309,400
$309.4K
Cap Rate 9%
$240,644
$240.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$30.7K $19.20/SF
− Vacancy
−$1.8K −$1.15/SF
EGI
$28.9K $18.05/SF
− OpEx
−$7.2K −$4.51/SF
NOI
$21.7K $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%
$433,160
Cap Rate 7%
$309,400
Cap Rate 9%
$240,644
Alternative Uses
Best Use
Specialty Retail
$309.4K
$270.7K – $361.0K
NOI $21,658 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$447.3K
$391.4K – $521.8K
NOI $31,308 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
4k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Donatos Pizza
Dining
3,745 visits/mo
0.4 miles
Demographics for 30002, GA
6,103
Population
3,197
Households
1.9
Avg Household Size
42
Median Age
72%
College-Educated
98%
High-School Grad
1.7 sq mi
ZIP Area
3,590
Density / Sq Mi
$87,813
Median Household Income
$60,737
Median Earnings
$1,123
Median Rent
$510,900
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant/Bar for sale or lease near Ponce City Market.
Where is this bar & pub located?
The property is located at Midtown Atlanta GA Atlanta, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime location near Ponce City Market in Midtown Atlanta.; Real estate and all assets available for purchase at $699,000, or FF&E for $99,000 with a $7,500/month lease.; Fully equipped restaurant and bar, ready for immediate operation or conversion to office/studio/professional space.
