Steve Josovitz & Sean McPherson of The Shumacher Group Sells Midtown Atlanta Beltline Restaurant & Bar

Steve Josovitz of The Shumacher Group, Inc Sells Midtown Atlanta Beltline Restaurant & Bar at 560 Dutch Valley Rd NE, Atlanta, GA 30324 across fron former One Midtown Kitchen. The Shumacher Group, Inc. and Steve Josovitz represented Seller and Landlord but guided all parties to a successful. Sean McPherson our new Associate at TSG ( The Shumacher Group, Inc. ) represented Buyer and new Tenant and was instrumental in the success in Closing this transaction. Restauranteurs Aïda Lemma and Jacob Ilkner will be opening an African fusion restaurant.

Seller Info:

Piedmont Bar & Grill is for lease with parking lot.

Located 560 Dutch Valley Rd NE, Atlanta, GA 30324.

Incredible location in the heart of Morningside-Lenox Park near Ansley Square and Piedmont Park and minutes to Midtown, Virginia Highland, Buckhead Emory, etc.

This Restaurant & Bar w/Killer Patio is directly on Atlanta Beltline with an official easement giving access to the Beltline just a couple feet away from restaurant.

Perfect for any upscale, chef driven, farm to table, breakfast and lunch cafe, cutting edge or casual full service concept works perfect at this location. Landlord due to noise restrictions will not permit any hookah, live music venues, late night sport bars or jazz cafes that would involve loud music and late night business. This could be a perfect for a Ghost Kitchen.

The restaurant space is stunning with a great patio for outdoor dining. The location is tucked away on Dutch Valley Road- right near Piedmont Park- but there is ample parking.

3700/sf fully equipped restaurant and bar located in one of the most sought after Midtown – In-Town locations.

Hi traffic, middle to hi income, hi density spot surrounded by retail, office and residential.

Incredible sidewalk visibility.

Seating for up to a 100 with 14-seat bar, 30-seat lounge and outdoor seating up to 60.

No expense was sparred in the build out that include custom made furniture, granite and wood tables and bars, special hi tech lighting and all equipment and very powerful five-unit HVAC systems are in good condition with majority of furniture, fixtures and equipment owned by Landlord.

Floors are a combination of stained concrete and hardwoods.

Fully equipped kitchen with 16 foot hoods, walk in freezer and walk in refrigerator can pump out any volume.

Owners are selling to focus on multiple unit food hall restaurants.

850 sf wraparound patio with path leading directly to the BeltLine.

27 dedicated parking spaces in connected surface parking lot.

Space configuration allows for separated private event space.

Quiet location adjacent to Piedmont Park and Atlanta Botanical Gardens.

4 years left on existing lease, but Landlord open to negotiating longer term with am option to renew for the right user.

$10,000/ month plus utilities. 3% annual escalations.

Ghost kitchen opportunity with ample parking and pedestrian/bike connectivity to BeltLine.

560 Dutch Valley, Suite 100 (Belvedere Condominium) is immediately adjacent to the Eastside Trail of the Atlanta BeltLine, which is currently an “interim” trail, which means the ROW is owned/controlled by ABI, but the path itself is gravel. Access and use of the path is consistent with all other parts of theBeltLine.

As of October 2021, ABI has completed design and is currently producing construction drawings. Paving and lighting are expected to commence in 2022 when permitting is complete, with project completion expected by 2024. Included in the project is a direct connection to the Atlanta Botanical Garden via a new path built through Piedmont Park.

In 2014, the Belvedere Condominium HOA granted an easement to Atlanta BeltLine. Inc. (ABI) across the outdoor patio of the subject property for an official Access Point to the trail and future Light Rail Transit System.

The Subject Property will be the exclusive access point to the BeltLine in perpetuity for Dutch Valley Drive and the surrounding neighborhoods. This is due to wetlands and topographical challenges at adjacent properties.

Key Money $85,000