249-259 Peters St Atlanta, GA 30313

Property Details for 249-259 Peters St

Year built

1910

Property size

15,258 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 15,258 square foot retail and restaurant property, located at 249-259 Peters St SW in Atlanta, GA 30313, presents a unique investment opportunity in the vibrant Castleberry Hill submarket. Built in 1910 and extensively renovated in 2024, the single-story building offers multiple tenancy options with a minimum divisible space of 693 square feet and currently boasts 12,172 square feet of vacant space. The property sits on a 33,987 square foot lot and includes 43 parking spaces. Zoned HC-20N SA-1, it allows for a diverse range of uses, including a potential boutique hotel (up to 50 rooms) given the zoning's allowance for hotel use. The building features a shared rear courtyard, ideal for customer interaction, and a potential rooftop space offering 360-degree city views, perfect for private events. The location benefits from its proximity to numerous established businesses, including Zucot Gallery, Brooklyn Tea, Paschal's, Bottle Rocket, Old Lady Gang, and Peters Street Station, and is surrounded by a thriving community with over 33,000 residents within walking distance, over 60,000 university students nearby, and over 200,000 employed individuals in the vicinity. The area sees significant foot traffic from sporting events, conventions, concerts, and other downtown attractions, generating over $2.1 billion annually in the regional economy. Nearby residential developments, including Brock Built Homes at Castleberry Station and Smith + Porter Railhouse Flats, further enhance the property's appeal and ensure a strong customer base. This property offers a chance to capitalize on the significant growth and investment in Castleberry Hill, providing curated retail space to serve both existing and new residents. No hookah, vape, smoke shops, CBD, tattoo parlors, or lounges/clubs are permitted.

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Longitude

-84.4013

Latitude

33.7478