Active Under Contract
Located in the heart of Athens lies an amazing opportunity to own a Value-Add Investment Property. The Arbor on Mitchell Bridge is made up of 2 buildings that function as a 12,784 SF multi-use space with 92 parking spaces. Building A is a 7,376 SF Restaurant space with an additional 2,500 SF of outdoor seating area including a 600 SF dining balcony. The restaurant kitchen is fully equipped with an 18ft vent hood, walk-in cooler and much more. This space is currently leased through June 2022. Building B is a 5,408 SF two-story space and encompasses a salon on the first floor and a second floor spa. No detail was left out in the design of this building. Solar panels were added to assist in power consumption and creation of hot water. The salon tenant's lease expires in 2024 and has already expressed interest in saying longer. There are many Value-Add opportunities that come with this project, including an additional building pad that can accommodate another 5,000 SF as well as the opportunity to extend, release, or renegotiate leases. The luxury atmosphere for patrons of either use makes this property a MUST-HAVE for any owner or investor. Located just inside the Athens GA-10 Loop and off the Atlanta Highway. Highly visible location and close by to major shopping retailers. Easy access to GA Highway 316 and Highway 78. Only 1.5 hours from Atlanta and Hartsfield-Jackson International Airport.
Listing By NAI Elrod Group
Data Last Updated 2:09AM - 10/28/2021
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