Novel Midtown
Price
Price on request
Description
Now Available for Lease: 3,234 SF of Ground Floor Retail Space, Located at 1140 Spring St NW Position yourself at the beating heart of Atlanta’s most dynamic neighborhood. Midtown isn’t just a location; it’s a destination that seamlessly blends work, play and culture. With a daytime population of over 65,000 professionals and 15,000 students, Midtown offers a built-in customer base of young, affluent consumers. With over 17 million annual visitors to the area, Midtown ensures your business stays bustling yearround. Novel Midtown is part of a vibrant streetscape, surrounded by Fortune 500 companies, tech startups and cultural landmarks. Choose Midtown and tap into Atlanta’s most exciting retail ecosystem. It’s not just about location – it’s about being at the center of Atlanta’s future.
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Location
1140 spring st nw atlanta, ga, 30309, atlanta, GA 30309
Market Context
As of Q1 2026, the Atlanta retail market showed a 4.5% vacancy rate, average asking rents near $24.00/SF/yr, and cap rates around 7.1%. Source: multiple brokerages Q1 2026 market report.
Projected current pricing
high confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 7.1%, asking rent held flat).
Tight vacancy keeps competition for quality space elevated.
Compare it against other retail listings for sale in Atlanta, GA to benchmark pricing and space — view the full market.
Retail market FAQ
- What is the typical cap rate for retail in Atlanta?
- About 7.1% as of Q1 2026, per multiple brokerages.
- Is the Atlanta retail market tightening or softening?
- Vacancy is around 4.5% (Q1 2026).
Unified Estimate
Medium ConfidenceRate estimator only; cost-of-business estimate unavailable.
Sale Price History
Market report quarterly trend fallback
- Avg Rent ($/SF/yr) (market data)
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Financing Assumptions
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Sold Comps
Q4 2025Sold median $168/SF is 38.4% below asking avg $273/SF
Source: georgia_dor · County FIPS: 13121
Assumptions
- Interest rate: 6.47% (FRED live)
- Loan term: 25 years
- Down payment: 25.0%
- Market comparison: retail in atlanta, GA
More Retail for Sale in Atlanta, GA(5)
Camden Midtown
Atlanta, GA
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
Camden Midtown
Atlanta, GA
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
21 14th Street
atlanta, GA
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
Midtown Union
atlanta, GA
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
Midtown Promenade
atlanta, GA
Price on request
Cap Rate
N/A
Price/SF
N/A
SF
N/A
