Post image for Midtown Atlanta’s Restaurant – Owner Retiring After 19 Years – Big Price Drop!

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Las Palmeras is located at 368 5th Street, Atlanta, Georgia 30308. Located in in the heart of Midtown Atlanta surrounded by thousands of middle to hi income residences and close to Piedmont Park, Peachtree Road, Ponce de Leon, and tons of office and retail. Tenant is currently paying $1550 including extras is almost the lowest rent of any restaurant space In-Town but Landlord has indicated on a new long term lease a rental rate of $2500 per month including extras which is still below market.

This freestanding neighborhood restaurant has been in business since 1992 with the same Owner. Critically acclaimed and a favorite Atlanta Cuban restaurant year after year with an incredible following. 2400/sf with restaurant occupying about two thirds of space. The other part used to be a grocery store owned by same group but now is used to sell Cuban clothes and knick Knacks and can be easily converted to other use. Current configuration seats 50 including private dining room and outdoor patio that seats 20.

Open only Wednesday, Thursday, Friday and Sunday for lunch from 11:30 to 3:00 and dinner from 5:30-9:45. Beer and wine served. Owner claims he pulls out approximately $5100 per month on only four days. Expanding hours and days could dramatically increase sales. A new design incorporating the adjacent store and expanding patio would add new life to space and neighborhood. Fully equipped and turnkey. Keep as is or convert to any concept with only cosmetic changes needed. This is a really nice cafe that would be awesome if it stayed Cuban but Asian, Sushi, Cafe, Mexican, Coffee, Bistro, Italian, Pizzeria are just a few concepts that work great at this location.

Priced at $100,000.

(This is an Open and Operating Business. Please do not make any attempt to contact Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)