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261-263 Peters St 16,110 SF Vacant Retail Building Atlanta, GA 30313 $2,988,478 CAD ($185.50 CAD/SF)



Investment Highlights
- Approximately half a mile to Mercedes-Benz Stadium, three MARTA rail stations, Five Points, and direct I-20 on/off ramps.
- Upper floor: open heavy-timber with high ceilings served by its own stair to Peters Street.
- Ground floor: two street-front retail bays plus a rear studio/warehouse opening to a back yard.
Executive Summary
261 Peters Street SW is a c.1897 heavy-timber mixed-use building in the historic core of Castleberry Hill, offered vacant and available for immediate occupancy or adaptive reuse. The property totals 16,110 gross square feet across two floors of roughly 7,500 square feet each, with approximately 15,000 square feet of interior area on a 0.20-acre site.
The building retains the fabric that defines this district: heavy timber posts and beams, exposed brick, arched masonry openings and original wood floors. The two floors are independently accessed. The ground floor holds two street-front retail or restaurant bays plus a rear studio and warehouse opening to a back yard, served by a recorded Walker Street easement. The upper floor is open with high ceilings, reached by its own stair directly from Peters Street. A buyer can lease both floors, occupy one and lease the other, or take the entire upper floor as a single large private loft residence with commercial income beneath it.
Zoning is HC-20N Subarea 1, the Castleberry Hill Historic Core, which accommodates many uses. The building is a contributing structure in a district listed on the National Register in 1985 and designated a City of Atlanta Landmark District in 2006.
The building retains the fabric that defines this district: heavy timber posts and beams, exposed brick, arched masonry openings and original wood floors. The two floors are independently accessed. The ground floor holds two street-front retail or restaurant bays plus a rear studio and warehouse opening to a back yard, served by a recorded Walker Street easement. The upper floor is open with high ceilings, reached by its own stair directly from Peters Street. A buyer can lease both floors, occupy one and lease the other, or take the entire upper floor as a single large private loft residence with commercial income beneath it.
Zoning is HC-20N Subarea 1, the Castleberry Hill Historic Core, which accommodates many uses. The building is a contributing structure in a district listed on the National Register in 1985 and designated a City of Atlanta Landmark District in 2006.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
16,110 SF
Building Class
C
Year Built
1895
Price
$2,988,478 CAD
Price Per SF
$185.50 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
9’
Building FAR
1.85
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
HC-20N Subarea 1 - HC-20N Subarea 1, the Castleberry Hill Historic Core
Frontage
126’ on Peters St
Amenities
- Bus Line
- Skylights
- Air Conditioning
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-0084-0011-113-8 | Improvements Assessment | $844,502 CAD |
| Land Assessment | $146,783 CAD | Total Assessment | $991,285 CAD |
Property Taxes
Parcel Number
14-0084-0011-113-8
Land Assessment
$146,783 CAD
Improvements Assessment
$844,502 CAD
Total Assessment
$991,285 CAD
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261-263 Peters St
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