CityWalk fka Renaissance Walk
171 Auburn Ave NE, Atlanta, GA 30303
Neighborhood: Sweet Auburn
Tour Notes: This is “the one that got away” from our most recently concluded search. It was just a bit too big and uniquely configured for our client but otherwise a great property. Most recently home to our city’s own streetcar operations and development group, the space should be available any time now 🙂
Located at the historic corner of Auburn Avenue and Piedmont Avenue is 171 Auburn Avenue Northeast, also known as CityWalk (formerly known as Renaissance Walk). This mixed use building is adjacent to the rapidly expanding Georgia State University Campus and student body. Right now there are a few different options for immediate lease with a quoted rental rate of only $18.00 to $24.00 / SF.
Currently available units are one restaurant space with 2,835 SF and 4 street retail spaces ranging from 1,350 SF to 4,729 SF. The location is a convenient 1 minute drive from interstate 1-75 and 1-85 and is also surrounded by a plethora of student housing units numbering well into the thousands.
A location of this sort requires little recruiting effort to bring in customers with this amount of daily foot and car traffic. But the real winner for this location is just on the horizon. The recent talk of the town, the Atlanta Streetcar, is already conducting training exercises and will likely be in full operation towards the end of the year.
And guess what… there will be a streetcar stop RIGHT IN FRONT of Renaissance Walk on Auburn Avenue; can you say Cha-ching?! Georgia State has an annual economic impact of 1.5 Billion, and joined with a growing economy this area could cook up a recipe for serious business growth and opportunity. Jump in and claim a percentage of that sweet billion dollar pie.
If you have any more questions regarding the lease or purchase of commercial property, please contact David Aynes at 404-348-4448.
Atlanta Leasing & Investment is a boutique real estate firm offering equity investment and brokerage services in the metro Atlanta area. Since inception, Atlanta Leasing & Investment has acquired, leased and divested of over $450 Million worth of office, residential, industrial and retail properties. Our analysis will give you clarity in determining which deals to do -experience will help ensure that you do them well. For more information, please visit www.atlantaleasing.com
Ackerman & Co. is the listing broker for this property. All information is deemed reliable but not guaranteed.