Fully Renovated 3-Tenant Neighborhood Retail Building Intown Atlanta | Summerhill Neighborhood Listing Details & Market Data

112 Ormond Street Southeast, Atlanta, GA 30315

  • For Sale $2,485,000
  • Property Type Retail - Freestanding
  • Property Size 6,828 SF
  • Lot Size 0.28 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1967
  • Year Renovated 2019
  • Date Updated Apr 17, 2024
Atlanta, GAFully Renovated 3-Tenant Neighborhood Retail Building Intown Atlanta | Summerhill Neighborhood

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Attachments

Highlights

  • Building and Property
  • Three-tenant neighborhood restaurant and retail building
  • 2019 conversion from dated grocery store to three-tenant restaurant and retail space
  • Gut renovation included new roof, 3 RTU HVACs, grease traps, storefronts, parking lot, plumbing, electrical, etc.
  • Water is sub-metered and gas/electric are individually metered
  • 6,828 Gross SF | 6,303 Leasable SF including patio
  • 15 off-street parking spaces and free street parking
  • Future potential to develop or otherwise monetize parking lot due to no parking requirements
  • Location
  • Located in flourishing Summerhill neighborhood of Atlanta
  • 8 Minute (0.4 mile) walk north to famous Georgia Ave and Center Parc (Georgia State University) Stadium
  • 16 Minute (0.8 mile) walk north to new (2023) Publix and future location of Georgia State Baseball & Softball
  • 6 Minute (1.5 mile) drive north to Downtown Atlanta
  • 20 Minute (1.0 mile) walk south to Southside Beltline
  • 16 minute (10 mile) drive south to Hartsfield Jackson Atlanta International Airport
  • ±2,572 multifamily units delivered within 1 mile of Summerhill since 2020
  • Center of a thriving neighborhood!
  • Tenant and Leases
  • Thriving tenants include two restaurants and a gym
  • All businesses operated by experienced entrepreneurs and loved by the community
  • Tenant Talat Market is a finalist for James Beard Award Best Chef: Southeast, “one of the highest honors for the American restaurant industry”
  • Weighted average lease term (WALT) on July 1st, 2024 is 47 months
  • Triple net (NNN) leases call for full expense reimbursement
  • Extremely limited landlord responsibilities
  • Below-market average base rents of $23.85/SF allow for growth as leases turn over

Contacts

broker

Michael Wess, CCIM

Bull Realty

(404) 876-1640

Location

Getting Around

  • Walk Score ®

    Very Walkable (71)

  • Transit Score ®

    Some Transit (44)

  • Bike Score ®

    Somewhat Bikeable (47)
Powered by Walk Score ®
  • City Atlanta, GA
  • Neighborhood Summerhill
  • Zip Code 30315
  • Market Atlanta

Points of Interest

  • Georgia State

    1.27 miles

  • Garnett

    1.33 miles

  • King Memorial

    1.34 miles

  • Hurt Park

    1.56 miles

  • Sweet Auburn Market

    1.57 miles

  • Five Points

    1.59 miles

  • Edgewood at Hillard

    1.62 miles

  • Park Place

    1.63 miles

  • Auburn at Piedmont

    1.64 miles

  • Dobbs Plaza

    1.66 miles

  • BP

    0.65 miles

  • Chevron

    0.84 miles

  • BP

    0.86 miles

  • Shell

    0.90 miles

  • Texaco

    0.91 miles

  • Texaco

    0.93 miles

  • BP

    1.07 miles

  • Shell

    1.39 miles

  • Kroger

    1.47 miles

  • Chevron

    1.48 miles

  • Turner Field - Media Lot

    0.30 miles

  • Green Lot

    0.63 miles

  • Blue Lot

    0.72 miles

  • IBEW parking lot

    0.84 miles

  • Government Center Parking Deck

    1.17 miles

  • APS Parking Deck

    1.23 miles

  • Pete Hackney Deck

    1.25 miles

  • City of Atlanta Public Safety - Parking Structure

    1.29 miles

  • LAZ Parking Deck

    1.31 miles

  • K Deck

    1.33 miles

  • Talat Market

    0.01 miles

  • Maepole Atlanta

    0.36 miles

  • Hot Dog Pete's

    0.38 miles

  • The STATEhouse Grill

    0.39 miles

  • Mediterranea

    0.41 miles

  • Bullpen Rib House

    0.47 miles

  • Hotto Hotto Ramen & Teppanyaki

    0.58 miles

  • Patria Cocina

    0.59 miles

  • Grant Central Pizza

    0.93 miles

  • Dakota Blue

    0.93 miles

  • Downtown Mini Mall

    1.52 miles

  • The Atlanta Dairies

    1.67 miles

  • Auburn Discount Grocery

    1.69 miles

  • Publix

    1.81 miles

  • The Mall at Peachtree Center

    1.97 miles

  • Big Bear Supermarket

    2.02 miles

  • Piggly Wiggly

    2.09 miles

  • Aldi

    2.31 miles

  • Walmart Supercenter

    2.38 miles

  • Kroger

    2.65 miles

Contact Listing Broker

broker

Michael Wess, CCIM

Bull Realty

(404) 876-1640