Historic Creative Loft Development 316 Peters St SW 30,740 SF Industrial Building Atlanta, GA 30313 $3,436,925 CAD ($111.81 CAD/SF)

Marcus & Millichap is pleased to exclusively present to the market for sale this creative loft development opportunity at 316 Peters Street in the Historic Castleberry Hill neighborhood of Downtown Atlanta. The property is a ±30,740-square-foot industrial warehouse building situated on 0.22 acres within the Castleberry Hill Opportunity Zone.

Formerly an industrial district, the Castleberry Hill submarket has transformed into an urban, walkable center within a half-mile radius of major market drivers. The area serves a millennial, urban-driven demographic seeking proximity and walkability to job centers, major event venues, retail amenities, and green space. The property lies in the southern shadow of the Mercedes-Benz Stadium and State Farm Arena and is walkable to four MARTA stations (Five Points, Garnett, Vine City, and GWCC/CNN Center), providing transit to downtown and midtown job centers and entertainment/tourist venues. Additionally, the property has a half-mile radius of downtown private and public job centers such as CNN, the Atlanta University Center, Georgia State University, and the offices of the Federal, State, County, and municipal governments.

The property receives traffic from the main thoroughfare, Northside Drive (30,000 VPD). To the northeast, a series of game-changing projects will create value for the Property. Projects currently underway and completed are the $5 billion Gulch mixed-use development, Newport US Real Estate's redevelopment of 2 million square feet of downtown properties, the redevelopment of Underground Atlanta, the Castleberry Hill Re-verb mixed-use development anchored by the Five-Star Hard Rock Hotel, the Home Depot Backyard Park and the future development of a 1,000-room hotel at the Georgia World Congress Center. The FIFA World Cup will be held at the Mercedes-Benz Stadium in 2026. It is anticipated that “Atlanta and Georgia will experience an unprecedented impact on the local and state economy with an estimated economic impact of $503.2 million (Metro Atlanta Chamber).”