A piece of Broad Street across Scott’s Addition has a new owner and may be getting a new use.
The former Kevin’s Kars dealership at 3217 W. Broad St. sold last month for $800,000.
A 1,700-square-foot building stands on the parcel, where Kevin’s Kars had operated for years until moving about a mile west to 4201 W. Broad St. earlier this year. The property has sat vacant since.
Local businessman Chris Farag was the buyer in the deal. He said he doesn’t have particularly ambitious plans to redevelop the 0.2-acre parcel and is currently looking to lease it out.
“I’m open to any use. I’d love to see a really cool restaurant concept there,” Farag said.
The parcel was most recently assessed by the city at $631,000. The deal closed Sept. 19.
The seller was Caitlin Zettl, a local investor who’d bought the building in 2003 for $300,000.
Zettl, who now works for construction technology company Advanced Air Barrier, said she also had ambitions to have a restaurant tenant when she first bought it.
“My dream was to turn that into a cool restaurant, but there were so many roadblocks in the way of making that happen,” Zettl said, noting the parking minimums required by the city in the early 2000s.
“Atlanta was doing everything with these cool warehouse districts (and) I’d just moved back here from Atlanta,” Zettl said. “I was telling everybody how Scott’s Addition could be a really cool area. Everyone looked at me like I was nuts.”
After Kevin’s Kars moved out, Zettl said she hoped to find a new tenant but instead chose to cash out.
“I was hoping to hold onto the building. I would love to have developed it,” she said. “It was just a long journey. I kind of had to fish or cut bait.”
While the small parcel at Broad and Tilden streets doesn’t look to be ripe for redevelopment, there’s been plenty of developer interest at sites all around it. To its south is 3212 Cutshaw Ave., a former medical office building that The Monument Cos. renovated into 34 apartments a few years ago, while across Broad Street is The Icon, Historic Housing’s 300-unit mixed-use building at 3200 W. Broad St.
There’s potential for more development to head to that part of the Museum District as well. 3013 Cutshaw Ave. is back on the market after Mosaic Catering + Events’ plans to convert the art deco building into an event space fell through. And further down Cutshaw Avenue, local developer Steve Leibovic is planning a mixed-use project that’ll span two acres on the former Gusti property.
Just down the block from the building is 3125 W. Broad St., where lighting retailer Circa Lighting is preparing to open a showroom.