1150 Spring St Northwest Atlanta, GA 30309
For Lease
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This exceptional restaurant opportunity is located within Novel Midtown, a dynamic 14-story, 340-unit luxury multifamily high-rise in the heart of Midtown Atlanta. The space offers approximately 3,234 square feet of shell space, perfect for a discerning restaurateur seeking a high-visibility location. A significant advantage is the inclusion of a large patio area, ideal for outdoor dining and creating a vibrant atmosphere. The restaurant will benefit from its strategic placement within the building, adjacent to a Land of a Thousand Hills integrated residential lobby cafe, ensuring a built-in customer base. Furthermore, its proximity to a Whole Foods Market and other new commercial, office, and retail developments guarantees high foot traffic and a thriving neighborhood environment. The building boasts 829 shared parking spaces in a convenient podium, addressing a key concern for both staff and patrons. Construction of the building was completed in 2022, with the first residential move-ins occurring in the third quarter of that year, providing immediate access to a substantial resident population. This is a rare chance to establish a flagship restaurant in a rapidly growing and affluent area of Atlanta. The space is currently available as a shell, allowing for complete customization to meet the specific needs and vision of the future tenant.
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14th+Spring Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C4 · Atlanta, GAAtlanta. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.