Atlanta Georgia Restaurant for Sale in the Heart of Buckhead – Prime Location – Stunning Buildout – Keep or Convert
#6616
Atlanta Georgia Restaurant for Sale in the Heart of Buckhead
High End Fine Dining Restaurant.
Hottest Buckhead Location.
Stunning Multi-Million Dollar Build Out.
4,000/SF.
100 seats inside.
Full Bar.
Year-Round Patio seats 60.
Robust Breakfast, Lunch and Dinner location.
Self-Parking.
Validated Valet Parking.
State of the Art Kitchen.
1500/Gallon Grease Trap.
15/ft Hood vents.
Walk-in refrigerator.
Mint Condition.
Monthly Rent $16,000 ALL IN.
Long Term Ten-Year Lease.
Options to renew.
Name, Trademarks, Recipes, Books and Records are not included.
Keep Cuisine or Convert.
Priced at $1,000,000.
Demographics
Since at least the 1950s, Buckhead has been known as a district of extreme wealth, with the western and northern neighborhoods being virtually unrivaled in the Southeast. In 2011, The Gadberry Group compiled the list of the 50 wealthiest zip codes in the United States, ranking Buckhead’s western zip code (30327) as the second wealthiest zip code in the South (behind Palm Beach‘s 33480) and the second wealthiest zip code east of California and south of Virginia.[20] The same group reported the average household income at $280,631, with an average household net worth of $1,353,189.[20] These 2011 figures are up from a similar 2005 study that pegged Buckhead as the wealthiest community in the South and the only settlement south of the Washington D.C. suburb of Great Falls, and east of the Phoenix suburb of Paradise Valley to be among the 50 wealthiest communities in the country.[21] However, according to Forbes magazine, (30327) is the ninth-wealthiest zip code in the nation, with a household income in excess of $341,000.[22] The Robb Report magazine has consistently ranked Buckhead one of the nation’s “10 Top Affluent Communities” due to “the most beautiful mansions, best shopping, and finest restaurants in the Southeastern United States“.[23][24][25][26][27] Due to its wealth, Buckhead is sometimes promoted as the “Beverly Hills of the East” or “Beverly Hills of the South” in reference to Beverly Hills, California, an area to which it is often compared.[28][29]
Economy
At the heart of Buckhead around the intersections of Lenox, Peachtree and Piedmont Roads, is a shopping district with more than 1,500 retail units where shoppers spend more than $3 billion a year.[30] In addition, Buckhead contains the highest concentration of upscale boutiques in the United States.[31] The majority are located at Lenox Square and Phipps Plaza, sister regional malls located diagonally across from each other at the intersection of Peachtree and Lenox Roads. The malls are home to designer boutiques, mainstream national retailers, as well as six major department stores. This commercial core also has a concentration of “big-box” retailers. The “Buckhead Atlanta” mixed-use development brought even more exclusive boutiques, restaurants, hotels, condos and office space to the heart of Buckhead in 2014.[13][32] The name of the project was rebranded as ‘Buckhead Atlanta’.[33]The Alhambra, historic apartments in the Garden Hills neighborhood
Buckhead is also a center for healthcare, and is home both to Piedmont Hospital and the private, catastrophic care hospital Shepherd Center which specializes in spinal cord injury and acquired brain injury. The two hospitals are located adjacent to one another along Peachtree Road. (This location is known as “Cardiac Hill” by runners of the annual Peachtree Road Race.[34])
Buckhead is also the location of a large share of Atlanta’s diplomatic missions. Consulates in Buckhead include the Consulate-General of Australia and the Australian Trade Commission,[35] the Consulate-General of France and the French Trade Commission,[36] the Consulate-General of Brazil, the Consulate-General of Japan,[37][38] and the Consulate of Greece.[39]
