879 - 889 Ralph David Abernathy Blvd.
Atlanta, GA
Retail for Lease - $11.58 SqFt/Year - 1,243 to 22,325 SqFt Available


Property Info
CIMLS# | 423466 |
Location 879 - 889 Ralph David Abernathy Blvd. Atlanta GA 30311 | |
Updated | October 29th, 2016 |
Type | Retail |
Price | $11.58 SqFt/Year |
Building | 1,243 to 22,325 SqFt |
Property Description
This investment provides an astute investor an opportunity to acquire this 28,268 SF retail
property with excellent frontage on Ralph D. Abernathy Blvd. This retail property provides
excellent cash flow upside with repositioning potential to significantly increase rents and
capture expanding retail demand in this growing Atlanta submarket.
Location Description:
The West End neighborhood of Atlanta is on the National Register of Historic Places and can be found southwest of Castleberry Hill, east of Westview, west of Adair Park Historic District, and just north of Oakland City. It would be difficult to find a neighborhood more closely linked to the city's, state's, region's, and nation's historical development than the West End district of Atlanta.
Vacancy will tighten further in 2016, as elevated demand for retail properties continues, forcing higher leasing rates. As vacancy reaches a post-recession low, asking rent will finally increase, with the West End retail market averaging $14 to $22/SF/Year.
Highlights:
>> Well Located Street Retail Opportunity with Significant Upside Potential
>> Current Rents Well Below Market Rents of $12 - $22/SF
>> Repositioning Opportunity of Existing Retail Building for Increased Cash Flow
>> Redevelopment Opportunity into Mixed Use Residential & Retail
>> Over $2 Million Invested in Street Improvements by Atlanta Regional Commission
>> Near Downtown Business District, Dining & Entertainment
>> Quick & Easy Access to MARTA & Major Highways
>> Near Several Banks, Walmart Supercenter, & The West End Mall
Space Available:
There are 4 spaces available. The minimum space available is 1,243 SF and the maximum contiguous is 22,325 SF.
Vegetarian Restaurant & Retail
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>> 22,325
>> $4.37/SF/year (Gross Lease)
All About You Hair Salon
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>> 2,860
>> $7.34/SF/year (Gross Lease)
Royal Crown Barber Shop
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>> 1,840
>> $7.27/SF/year (Gross Lease)
Metro Accounting & Tax
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>> 1,243
>> $11.58/SF/year (Gross Lease)
* Email for additional photos and floor plans.
** This property is also for sale.