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Offering Memorandum FREESTANDING HISTORIC CORNER BUILDING on EDGEWOOD AVENUE TABLE of CONTENTS

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Offering Memorandum FREESTANDING HISTORIC CORNER BUILDING on EDGEWOOD AVENUE TABLE of CONTENTS Offering Memorandum FREESTANDING HISTORIC CORNER BUILDING ON EDGEWOOD AVENUE TABLE OF CONTENTS DISCLAIMER & LIMITING CONDITIONS 3 EXECUTIVE SUMMARY 4 PROPERTY OVERVIEW 5 BUILDING HISTORY 6 PHOTOS 7 FLOOR PLAN 10 TAX MAP 11 AERIAL VIEW 12 Andy Lundsberg AERIAL MAP 13 Partner IN THE AREA 14 404-876-1640 x 107 [email protected] DEMOGRAPHICS & TRAFFIC COUNTS 16 ABOUT THE AREA 17 50 Glenlake Parkway, Suite 600 Atlanta, GA 30328 BROKER PROFILE 18 BullRealty.com Exclusively listed by Bull Realty, Inc. DISCLAIMER & LIMITING CONDITIONS FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property. This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective purchasers. In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently all documents. This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein. Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner/Seller and any conditions to the purchaser’s obligations therein have been satisfied or waived. The Seller reserves the right to move forward with an acceptable offer prior to the call for offers deadline. This Offering Memorandum may be used only by parties approved by the Owner. The Property is privately offered, and by accepting this Offering Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. or Owner/Seller. The terms and conditions set forth above apply to this Offering Memorandum in its entirety and all documents, disks and other information provided in connection therewith. Page 3 of 18 EXECUTIVE SUMMARY FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE OVERVIEW HIGHLIGHTS Located on a prime corner in Atlanta’s Sweet Auburn district, this • ±3,600 SF (including basement) freestanding, historic, corner building historic building, locally known as “The Brown Hayes Department • Excellent location at SW corner of Edgewood Ave. & Boulevard Store,” is an ideal owner/user opportunity for someone looking to • Situated in one the most popular nightlife areas of Atlanta take advantage of the visibility at a popular crossroad. • Close proximity to Atlanta BeltLine trail and Downtown Atlanta • Newer HVAC and roof The building was built in 1899 and has operated most recently as a • Ideal uses include bar, restaurant, retail and office restaurant/lounge since 2014. Food service permit and full liquor license expired in 2016. PRICE | $1,300,000 Page 4 of 18 PROPERTY OVERVIEW FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE 467 EDGEWOOD AVENUE Address 467 Edgewood Avenue SE, Atlanta, GA 30312 County Fulton Building Size ±3,600 SF (including basement) Zoning HC-20C, Subarea4, BeltLine Overlay Year Built 1899 Ideal Uses Bar, restaurant, retail, office Parking Street and surrounding pay lots Price $1,300,000 Page 5 of 18 BUILDING HISTORY FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE BUILDING INFORMATION The building contains two floors and a full basement totaling approximately 3,600 SF. The land surrounding the building is owned by the United States of America and is maintained by the National Park Service. This property is located in Fulton County Georgia. PROPERTY HISTORY 467 Edgewood is a historic property, originally built in 1899, with subsequent work on the building structure in 1912. It is listed on the Historic American Buildings Survey as a historic building of significance. The Brown-Hayes department store stands in the commercially active Edgewood Avenue area, which was second only to Auburn Ave. as the center of black business and social activities. The store and other businesses and churches along Edgewood Avenue comprise the southern border of the Martin Luther King Jr. National Historic site. Edgewood Avenue was an important E-W Transportation route from downtown Atlanta to the city’s eastern residences. The property was owned by the Brown family between 1920 & 1955 and served as a department store even under different ownership. THE FUTURE OF EDGEWOOD AVENUE The Edgewood Historic District in the Old Fourth Ward has become a vibrant community of diverse businesses and entertainment ranging from restaurants, coffee houses, lounges and live venues. With plans to add more residences and several new restaurants & bars in the near future, there has never been a better time to be a part of the O4W community. The Beltline has directly affected this rejuvenated neighborhood, bringing many new businesses and customers. The recent focus in this area from the Atlanta police department has ensured a safer and more walkable neighborhood. The future of Edgewood Avenue promises to restore the former glory of this thriving business community. * SOURCE: http://dept467.com/ Page 6 of 18 PHOTOS FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE Page 7 of 18 PHOTOS FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE Page 8 of 18 PHOTOS FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE Page 9 of 18 FLOOR PLAN FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE BATHROOM BATHROOM BATHROOM *Basement level not shown Page 10 of 18 TAX MAP FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE Page 11 of 18 AERIAL VIEW FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE Page 12 of 18 AERIAL MAP FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE Page 13 of 18 IN THE AREA FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE Page 14 of 18 IN THE AREA FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE PONCE CITY MARKET PIEDMONT PARK 1 Ponce City Market is a mixed-use development Piedmont Park is a 211-acre park located in 4 located in a historic building in Atlanta, with Midtown. It draws more than 3 million annual visitors who enjoy the park’s many amenities national and local retail anchors, restaurants, a including fitness areas, walking trails, dog park, food hall, boutiques and offices, and residential farmer’s market and green space. The park also units. It is located where the BeltLine crosses hosts many annual events and music festivals Ponce de Leon Avenue in the Old Fourth Ward that bring visitors from all over the country. where that neighborhood touches the Virginia Highland, Poncey Highland and Midtown neighborhoods. KROG STREET MARKET MERCEDES-BENZ STADIUM 2 Krog Street Market is a 9 acre mixed-use Mercedes-Benz Stadium serves as the home of 5 development located along the Atlanta BeltLine the Atlanta Falcons (NFL) and Atlanta United in Inman Park. The complex is a 12,000 SF (MLS). Along with concerts previously held at west-coast style marketplace complete with the Georgia Dome, new marquee events that restaurants and 300 apartments. could be hosted here in the future. Mercedes- Benz stadium has a capacity of 71,000 seats and the total cost is estimated at $1.4 billion. ATLANTA BELTLINE GSU & TURNER FIELD 3 The Atlanta BeltLine is a sustainable Turner Field, the former home of the Atlanta 6 redevelopment project that will provide a Braves, has been transformed over the past network of public parks, multi-use trails and several months into a modern football venue transit along a historic 22-mile railroad corridor with reconfigured seating, 25,000 seats, new circling downtown and connecting many locker rooms and new concession options. neighborhoods directly to each other. Home to the Georgia State University Panthers, the new complex includes retail, residential and student housing. The project had a proposed cost of $300 million. Page 15 of 18 DEMOGRAPHICS & TRAFFIC COUNTS FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE 341,000 17,800 10,800 # = VPD 2017 DEMOGRAPHICS (CoStar) 1 MILE 1 Population 24,395 Households 11,867 Average Household Income $64,329 3 MILES Population 171,766 3 Households 75,971 Average Household Income $80,940 5 MILES Population 346,302 5 Households 149,506 Average Household Income $82,883 Page 16 of 18 ABOUT THE AREA FREESTANDING CORNER BUILDING ON EDGEWOOD AVENUE SWEET AUBURN Located just east of Downtown Atlanta, the Sweet Auburn district is steeped in history. Famously the birthplace of civil rights pioneer Dr. Martin Luther King Jr., Sweet Auburn is the best place on Earth to connect with his enduring legacy. Not only does the Martin Luther King Jr.
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