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The Building | Highlights Financial Incentives

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The Building | Highlights Financial Incentives FOR SALE | 261-263 Peters St. SW Atlanta, GA 30313 Building known as “Stable 1897” THE BUILDING | HIGHLIGHTS • Asking Price: $3,250,000 • +16,090 SF on 0.2 acre • Circa 1897 • Brick and Timber Construction • Original Heart of Pine Floors & Plaster Walls • Reflective TPO Membrane Roof • Freight Elevator • Drive-in parking + On-Street parking+ 2 striped spots + opportunity for more • Fronts on Peters St with pass-thru to Walker St • +/- 4 miles from Tyler Perry Studios on 330 acres of former U.S. Armcy base Fort McPherson • Located in the Castleberry Hill Arts District FINANCIAL INCENTIVES Click on the logos and learn more! • Historic Tax Credit Program • Federal Opportunity Zones • Easements Atlanta Philip Covin 404 662 2212 [email protected] FOR SALE | 261-263 Peters St. SW Atlanta, GA 30313 Building known as “Stable 1897” THE BUILDING | HISTORY Original building signage circa 1897 Constructed in the late 1800’s on Peters Street, named for Richard Peters who built Atlanta’s first street railway and is considered a founder of Atlanta. The structure originally housed retail shops and a livery office (horse and mule sales). It was listed as Harper Brothers Stables in 1900 and as L.H. Fair and Co. stables in 1910. A full-service livery operation was maintained in the rear portion until the 1930’s with a wide range of neighborhood businesses following. In 1996, the forgotten old barn now called Stable 1897 was purchased by internationally shown artists Carolyn Carr and Michael Gibson from brothers Wynn and Ty Pennington. It stands in what is now known as the Castleberry Hill neighborhood, originally dubbed Snake Nation. “The name Snake Nation is of unknown derivation that was used by the public press during the late-1840s and early 1850s to identify a settlement along Peters Street from the railroad crossing South Fair Street (that was) devoted almost entirely to the criminal and immoral element.” Franklin Garrett confirms in his Atlanta and Environs. Circa 2004 “Snake Nation was the tenderloin district of the young town for many years.” He also commented that law and order were perilously close to extinction by 1851. The Atlanta City Council was in deep distress about the faro dens, cockfighting, drinking, prostitution, thievery, and murderous environments. When the ‘Orderly’ party won the election for mayor, a large body of disguised Atlantans raided Snake Nation and tried to burn it down.” Luckily, the Stable 1897 building escaped the fire. Over the years since Carr and Gibson purchased the Stable, Castleberry Hill has grown more and more popular. Further, they have rented studios within the building to fellow creative Atlantans: Angus Brown (Chef), William Downs (Art Studio),Herman Howard (Studio H Architecture Planning Environments (SHAPE), Marcia Wood (Residence), Fay Gold (Exhibition Space), Paul Pendergrass (Writing Circa 2011 Studio), Daniel Soder (photographer, designer, and sculptor), JD Philip Covin Walsh (Contemporary Artist)--to name just a few who have contributed 404 662 2212 to the buildings ongoing history. [email protected] FOR SALE | 261-263 Peters St. SW Atlanta, GA 30313 Building known as “Stable 1897” THE BUILDING | LAYOUT Ground Floor 2nd Floor • Eclair - +1,900 sf • Air BnB Unit - +1,800 sf ($18K Annual Income) ($27K Annual Income) • Atlanta Bike Tech - +800 sf • Guest Suite #1 - +700 sf ($18K Annual Income) • Guest Suite #2 - +700 sf • Garage - +1,800 sf • Master Suite - +2,900 sf • Studio - +2,600 sf • Storage/Unfinished -+ 300 sf • Common Area - +950 sf • Office/Workout Area - +400 sf • Common Area - +1,200 sf Annual Building Expenses • Property Taxes: $5,572.82 (2018) • Insurance: $2,500.00 TWO EXISTING RETAIL TENANTS Click on the logos and instagram icon learn more! Supper Club Eclair by Alex Bolar Atlanta Bike Tech Philip Covin 404 662 2212 [email protected] FORFOR SALESALE || 261-263261-263 PetersPeters St.St. SWSW Atlanta,Atlanta, GAGA 3031330313 BuildingBuilding knownknown asas “Stable“Stable 1897”1897” THE BUILDING | GROUND FLOOR • +8,045 Total Square Footage 153’-10” Garage +1,800 SF Garage Door Common Area +950 SF Tenant Space #2 Art Studio 46’-4” +800 SF +2,600 SF 60’-5” Freight Elevator Tenant Space #1 +1,900 SF 153’-5” Philip Covin 404 662 2212 [email protected] FOR SALE | 261-263 Peters St. SW Atlanta, GA 30313 Building known as “Stable 1897” THE BUILDING | SECOND FLOOR • +8,045 Total Square Footage 153’-10” Office/Workout Area +400 SF Guest Suite #1 Guest Suite #2 +700 SF +700 SF Master Suite 46’-4” +2,900 SF Common Area +950 SF 60’-5” Freight Elevator Storage/ Air BnB Unit Unfinished +1,800 SF +300 SF 153’-5” Philip Covin 404 662 2212 [email protected] FOR SALE | 261-263 Peters St. SW Atlanta, GA 30313 Building known as “Stable 1897” AERIAL | INTERACTIVE MAP OF CASTLEBERRY HILL MIDTOWN ATLANTA CENTENNIAL PARK DISTRICT GEORGIA GRADY AQUARIUM CNN DOWNTOWN ATLANTA HOSPITAL STUDIOS GEORGIA STATE UNIVERSITY STATE FARM NEW HILTON ARENA SIGNIA HOTEL UNDERGROUND ATLANTA GEORGIA STATE GULCH REDEVELOPMENT NEWPORT REDEVELOPMENT CAPITOL MERCEDES-BENZ (BY CIM GROUP) DISTRICT STADIUM NORFOLK SOUTHERN REVERB SOUTH DOWNTOWN BY HARD ROCK Garnett Transit MARTA CLOSING ATLANTA CITY LANDMARK HISTORIC ATLANTA GREYHOUND DETENTION CENTER N M.L.K. Dr SW CASTLEBERRY HILL DISTRICT TERMINAL CIM DEVELOPMENT CASTLEBERRY HILL DISTRICT SMITH & PORTER Northside Dr SW Dr Northside ARTISAN YARDS Peters St SW St Peters C Stable 1897 S DEVELOPMENT SITE X CASTLEBERRY STATION Walker St SW CITY PARK NEW ECO PLAYGROUND FOR SALE | 261-263 Peters St. SW Atlanta, GA 30313 Building known as “Stable 1897” LOCAL AMENITIES | MAP 52 ART + SPACE N M.L.K. Jr Dr r D 1. Besharat 9. Charlotte Smith Studios k r a 2. Besharat Contemporary 10. Tyler Perry Studios Dr P M.L.K Jr c i 3. Zucot Gallery 11. Michael Gibson Production p m W y S 4. Marcia Wood Gallery 12. Alex Martinez Photography l 41 r O D Markhalm St SW l r a e 5. Emerging Art Scene 13. Kris Genderson Metalsmith i n n r n u T e 6. The Big House Gallery t 14. Andrew Thomas Lee Photography 3 d n M e Magnum SW St e it T 7. The Granite Room 15. Escape Gallery C 40 c he l 8. Liana Delgado Art Studio/Gallery l S 16. Fay Gold Gallery – 17 t 36 SHOPS + SERVICE Chapel St SW 25 5 17. Atlanta Movie Tours, Inc. 27. Shoe Lounge LLC 30 8 18. Amish Atlanta Poly Outdoor 28. AMS Studios Atlanta 2 12 16 Furniture 4838 29. Howard’s Barber Shop 39 19. SoloMotorsports Nelson St SW 2326 Haynes St SW 30. Lion Star Productions Cleopas R. 35 44 20. Atlanta Bike Tech Johnson Park 1 37 31. Kris Gunderson Stonewall St SW 15 21. Kenny T’s Apparel, Branding & 50 7 32. Fugo Production Studios 28 6 Marketing r 32 33. Fair Street Studios D 14 46 22. U-Haul Moving & Storage e 10 id Fair St SW 21 9 34 42 20 s 33 34. Kendrick Anderson Furniture h 11 t Fair St SW 45 23. No Mas! Hacienda r CHNA Railside Bradberry St SW 22 35. Spicer Fitness & Wellness, LLC o 27 Dog Park N 47 13 31 24. Off The Hook Barber Shop 25. Castle Hill Studios 36. Castleberry Hill Athletic Club – SITE 51 Larkin St SW 24 W S 26. Nomas Production t S W s r S W e 4 t r S e FOOD + DRINKS D 19 P t r S 49 e Trenholm St SW 18 37. Pachal’s 45. Art Cafe Ethiopian Kitchen r n e r k u l T 29 38. Bottle Rocket Fine Food & 46. Elliot Street Deli & Pub a Hills Ave SW d W Beverages e 47. Dat Fire Jerk Chicken T 39. No Mas! Cantina – 48. ADios Cafe 43 40. Smoke Ring M c 49. Habano Cigar Lounge D 41. Pearl Restaurant & Lounge a 53 n 50. Match Lounge ie l INTERSTATE 42. Eclair S 51. Parlor t 43. Escobar Restaurant & Tapas 20 52. Restaurant 10 44. Old Lady Gang Southern Philip Covin Cuisine 53. CZ Smokez BBQ 404 662 2212 [email protected].
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