Historic District Restaurant
102 N Hill Street, Griffin, GA 30223
For Sale
$450,000
Commercial Sale, Griffin, GA
Property Size1,150 SF
Price / SF$391.30
Days on Market260
Property Features for 102 N Hill Street
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Listing Agency:
Rawlings Realty LLC
(678) 692-8639
Listed By:
Gary W Laster · License GA #44376
(770) 468-1332
Added: Feb 25
Changed: Oct 17
Last Checked: Nov 11 at 4:06PM
MLS# 10699765
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This operating restaurant property includes a 1,150-square-foot building, the restaurant business, equipment, inventory, and land. The existing concept serves Greek and Italian cuisine, with custom-painted murals throughout the interior. The brick and concrete structure dates to 1894 and features central heating and central air conditioning.
Located at 102 N Hill Street in Griffin’s historic district, the property is near downtown and the Spalding County Courthouse. Water is supplied publicly, with public sewer service and on-street parking. The sale also includes transition support from the owner, who has indicated a willingness to provide training and remain during the handoff.
Located at 102 N Hill Street in Griffin’s historic district, the property is near downtown and the Spalding County Courthouse. Water is supplied publicly, with public sewer service and on-street parking. The sale also includes transition support from the owner, who has indicated a willingness to provide training and remain during the handoff.
Key Highlights
- Operating Greek and Italian restaurant serving customers for over 20 years
- Sale includes 1,150 square feet, building, land, business, equipment, and inventory
- Built in 1894 with brick and concrete construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,481
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,620
$369.6K
Cap Rate 7%
$264,014
$264.0K
Cap Rate 9%
$205,344
$205.3K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$26.5K $23.04/SF
− Vacancy
−$1.9K −$1.61/SF
EGI
$24.6K $21.43/SF
− OpEx
−$6.2K −$5.36/SF
NOI
$18.5K $16.07/SF
Area
Spalding County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,620
Cap Rate 7%
$264,014
Cap Rate 9%
$205,344
Alternative Uses
Best Use
Specialty Retail
$264.0K
$231.0K – $308.0K
NOI $18,481 @ 7.0% cap · market cap 4.11%
Second Best
Retail
$231.1K
$202.2K – $269.6K
NOI $16,175 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,503 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 46%
Home Improvements & Furnishings 5%
Beauty & Spa 1%
Krystal
Dining
14,316 visits/mo
0.5 miles
Burger King
Dining
10,667 visits/mo
0.2 miles
KFC
Dining
9,297 visits/mo
0.1 miles
Chevron
Shops & Services
8,470 visits/mo
0.4 miles
Shell
Shops & Services
7,231 visits/mo
0.1 miles
Demographics for 30223, GA
38,111
Population
15,647
Households
2.4
Avg Household Size
41
Median Age
15%
College-Educated
84%
High-School Grad
108.0 sq mi
ZIP Area
353
Density / Sq Mi
$56,940
Median Household Income
$34,305
Median Earnings
$1,025
Median Rent
$186,900
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant sale includes the business, building, equipment, inventory, and land.
Where is this conventional restaurant located?
The property is located at 102 N Hill Street Griffin, GA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Operating Greek and Italian restaurant serving customers for over 20 years; Sale includes 1,150 square feet, building, land, business, equipment, and inventory; Built in 1894 with brick and concrete construction
