Nestled in the heart of Downtown Atlanta, this 35,000 SF mixed-use property spans three contiguous parcels (approximately 0.30 acres) and represents a truly unique investment opportunity. Offered at $7,400,000 with a projected Net Operating Income of $430,000, the asset provides strong in-place cash flow from a diversified rent roll, alongside significant long-term upside. The current tenant mix includes recently renovated apartments and street-level retail (a tattoo shop and salon), plus several restaurant/lounge/nightclubs with new tenant buildouts underway – creating multiple income streams under one roof. Extensive renovations (including a brand-new roof and modernized apartments) have already been completed, enhancing the property’s appeal and minimizing future capital expenditures for a new owner. trategically positioned amid Downtown’s ongoing resurgence, 251 Trinity Ave SW offers unparalleled redevelopment flexibility thanks to its SPI-1 zoning. The site is surrounded by transformative development activity – just steps from Atlanta Tech Village’s new downtown campus and Wild Leap Brewery – and benefits from proximity to major projects fueling growth in the area. This mixed-use asset perfectly balances immediate income production with future redevelopment potential, making it an ideal acquisition for investors and developers seeking both stable cash flow and long-term value appreciation in a prime urban location.
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Listing Snapshot
Price
$7,400,000
Days On Site
62 Days
Bedrooms
N/A
Inside Area (SqFt)
10,449 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1920
MLS® Number
7589586
Status
Active
Property Tax
$8,258
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
a week ago
Price changed to $7,400,000
a week ago
Listing updated with changes from the MLS®
2 months ago
Listing first seen on site
General Features
Acres
0.03
Foundation
Brick/Mortar
Number Of Stories
3
Parking
None
Property Condition
Fixer
Property Sub Type
Mixed Use
SqFt Total
10449
Stories
Three Or More
Utilities
Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available
Water Source
Public
Zoning
SPI1
Interior Features
Basement
Bath/StubbedFinishedFullInterior Entry
Cooling
Ceiling Fan(s)Central Air
Electric
220 Volts
Flooring
BrickCarpetCeramic TileHardwood
Heating
Central
Interior
Beamed CeilingsTrack Lighting
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Exterior Features
Fencing
None
Lot Features
Level
Road Frontage
City Street
Roof
Other
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City
Waterfront Features
None
Waterview
City
Community Features
Financing Terms Available
1031 ExchangeCashConventional
Roads
Asphalt
Listing Provided Courtesy Of: Tyler Russell of Engel & Volkers Atlanta
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