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Steve Josovitz of Shumacher Leases Atlanta GA O4W Beltline Restaurant & Bar at Tribute Lofts. The Shumacher Group, Inc. and Steve Josovitz represented Seller in long term lease transaction. Partnering with Steve Josovitz was Gary Woodward of JLL representing ROC SOUTH.
About:
Steve Josovitz of The Shumacher Group Leases Atlanta GA O4W BeltLine Restaurant to ROC SOUTH at Tribute Lofts
Restaurant and Bar for lease located at 480 John Wesley Dobbs Ave NE Suite 120, Atlanta, GA 30312 at the Gates of the Old Fourth Ward.
Located in the retail section at the base of Tribute Lofts.
Hot location with great visibility. A former industrial area, the Old Fourth Ward is trendy hub attracting foodies and shoppers. Hip eateries and indie fashion stores fill Ponce City Market, Krog Street Market in the vast 1920s Sears, Roebuck & Co. building, while Irwin Street Market is a cozier spot offering artisan foods. The Atlanta BeltLine’s Eastside Trail is a converted railway line for walking and cycling. Nearby, Historic Fourth Ward Park has a skatepark park.
Krog & Ponce Markets, Beltline, Inman Park, North Highland, and In-Town Atlanta Trade Area minutes to anywhere in Atlanta
2400/sf
Seating for up to 80-guests.
16-bar stools at the full-service bar.
Landlord will execute a 5-year lease with an option to renew.
Kitchen is fully up to code.
Original build-out was $650,000 to open doors.
The kitchen can pump out any cuisine or volume whether QSR, Casual and or upscale.
Rent is $7200 ($36.00/SF ) in base rent and $2400 per month in CAM/Tax/Insurance (Operating expenses include HOA fees, insurance, property taxes, solid waste taxes and maintenance of the grease trap.) or buy Real Estate at $1,260,000.
Convert works except for a Coffee Cafe.
Dedicated parking.
The restaurant is equipped and new tenant may use it free of charge.
The Old Fourth Ward, often abbreviated O4W, is an intown neighborhood on the eastside of Atlanta, Georgia, United States.
The Old Fourth Ward’s borders:
- West: Piedmont Avenue, across which is Downtown Atlanta
- East: the BeltLine, across which are Poncey–Highland and Inman Park
- North: Ponce de Leon Avenue, across which is Midtown Atlanta
- South: MARTA Green Line and Oakland Cemetery, across which are Grant Park and Cabbagetown
The exception is the area west of Boulevard and south of Freedom Parkway which, although historically part of Atlanta’s Fourth Ward (see Atlanta annexations and wards, is considered a separate recognized neighborhood called Sweet Auburn.
The neighborhood can be divided into three areas, with Freedom Parkway and Boulevard serving as dividing lines.
Two of the city’s iconic walking and biking trails intersect in the neighborhood:
- BeltLine Eastside Trail
- Freedom Parkway park and trail
Historic Fourth Ward Park and Skate Park opened in phases starting in 2011 and includes an attractive retention pond. The area around the park has since mushroomed with large apartment buildings.[13]
Other parks include:
- Central Park
- Renaissance Park and Dog Park
- Selena Butler Park
The Old Fourth Ward is one of Atlanta’s best neighborhoods for viewing street art.[14] Some of the best locations to view street art in the Old Fourth Ward include Decatur St., Edgewood Ave. and on and around the Eastside Trail of the Atlanta Beltline. The Outerspace Project is responsible for bringing many works of street art to the Old Fourth Ward. Several examples of street art in the Old Fourth Ward are found on the Atlanta Street Art Map.[15]
- Ponce City Market
- Edgewood Avenue around Boulevard has become a bar and restaurant district after decades of neglect, prior to 2013 having been known for “drug traffic, petty crime, and homeless hideaways”. Sister Louisa’s Church of the Living Room and Ping Pong Emporium, a bar,is a landmark here.[16]
- Atlanta Medical Center, formerly Georgia Baptist Hospital
- Industrial architecture along the BeltLine Eastside Trail, including the DuPre Excelsior Mill and National NuGrape Company lofts
- part of the Martin Luther King Jr. National Historic Site, including King’s Birth Home
- Atlanta Civic Center
- Edward C. Peters House
- Homage to King sculpture
- WSB-TV tower
- The Carter Center borders the neighborhood
- Old Fourth Distillery – Atlanta’s 1st distillery since prohibition. located on Edgewood Ave
