Atlanta Retail for Sale - Decatur
Premier Assemblage in Little Five Points – 351 Group
323, 327, 333, 337, 351, 361 Moreland Avenue , Atlanta Ga 30307
Largest Remaining Contiguous Development Site in Little Five Points (L5P)
This rare offering represents the largest last remaining contiguous piece of land
in Little Five Points, one of Atlanta’s most iconic and culturally vibrant
neighborhoods. The 351 Group Moreland Avenue assemblage includes six
parcels totaling over 2.4 acres with 580 feet of Moreland Avenue
frontage—providing unmatched visibility, flexibility, and scale for development
or investment.
Neighborhood Advantage: Little Five Points
? Atlanta Landmark – L5P is the city’s hub of counterculture, arts, live
music, and independent retail—often compared to Greenwich Village in
New York.
? Pedestrian & Traffic Counts – Excellent walkability with some of the
highest daily traffic counts of any North–South artery in Atlanta.
? Demographics & Draw – Strong mix of young professionals, long-term
residents, students, and regional visitors drive retail and multifamily
demand.
? Retail Gap – The submarket is in dire need of new retail space, making
redevelopment especially compelling.
? Connectivity – Close to MARTA, Freedom Park, the Atlanta BeltLine,
and adjacent intown neighborhoods like Inman Park, Candler Park, and
Edgewood.
?
Assemblage Details
Total Assemblage: 6 parcels – 2.4 acres
Frontage: ~580 feet on Moreland Avenue
Asking Price (assemblage): $12,050,000
Parcels:
? 361 Moreland Ave NE – 0.38 acres, 5,049 SF improvements (Hudson
Grille)
? 351 Moreland Ave NE – 0.46 acres, 13,784 SF improvements (Hudson
Grille)
? 337 Moreland Ave NE – 0.44 acres, 3,656 SF improvements (Cameli
Building)
? 333 Moreland Ave NE – 0.15 acres (vacant)
? 327 Moreland Ave NE – 0.15 acres (vacant)
? 323 Moreland Ave NE – 0.79 acres (vacant lot)
Group Purchase Options
? Hudson Grille Building (361 & 351 Moreland Ave) – $5,550,000
? Parking Lots + Cameli Building (337, 333, 327, 323 Moreland Ave) –
$6,500,000
?
Existing Tenancy & Income
? Hudson Grille (Candler-Inman LLC) – Ground-floor tenant with long-
term lease (thru 2045, 5-year options). Current rent: $409,200 NNN
annually ($34,100 monthly). Tenant open to footprint flexibility.
? Hudson Grille Upper-Level Suites – 9,700 SF available (partitioned,
roughed-in with restrooms, HVAC, and elevator).
? Other Income Sources:
o 351–361 Moreland Parking: $144,000 annually
o Fuji Sushi Truck Lease: $24,000 annually (escalating)
o Hattie B’s Employee Parking: $29,040 annually
o Bus Production Rentals: ~$9,000 annually
o 337 Moreland Building (projected lease): $96,000 annually
o 333 Moreland Parking: $48,000 annually
Total Annual Income (current + projected): ~$759,000
Development Potential
? Entitlements – Site has received SAP approval for 200+ multifamily units
over ground-floor retail.
? Optimal Uses – Mixed-use redevelopment (multifamily + retail), retail
center, or phased redevelopment strategy.
? Seller Flexibility – Open to partnering with a purchaser on a thoughtfully
designed development plan.
Investment Highlights
? Largest contiguous land assembly remaining in Little Five Points
? High-profile frontage on one of Atlanta’s busiest arteries
? Strong existing cash flow with upside from leasing vacant/underutilized
space
? SAP-approved development plan for 200+ units + retail
? Neighborhood retail gap presents immediate demand driver
? Option to purchase full assemblage or subdivided groups
This is a once-in-a-generation opportunity to acquire and reimagine the
gateway to Little Five Points.
