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    140 Montgomery Toomsboro, GA 31090

    For Sale
    $308,000

    Restaurant, Opera House, & Bank

    Property size:
    4,980 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This unique Toomsboro, GA property offers a compelling investment opportunity encompassing three distinct commercial buildings: a restaurant, an opera house, and a bank. The restaurant, boasting 4,980 square feet, presents a versatile space ripe for redevelopment or continued operation. The combined opera house and bank building, totaling approximately 7,964 square feet, represents a significant piece of local history, offering substantial potential for adaptive reuse. Situated on a 0.44-acre lot in the heart of Toomsboro, this property benefits from high visibility and convenient access. The buildings are currently available for sale individually or as a package. The asking price for the restaurant is $144,000, while the combined opera house and bank are listed at $164,000. The property can be easily subdivided with a new survey, providing flexibility for various development scenarios. This presents a rare chance to acquire a significant piece of Toomsboro's heritage and capitalize on the potential of these established commercial spaces. The property's central location and substantial square footage make it an attractive proposition for investors seeking a unique and historically significant investment in a vibrant community. Serious inquiries are encouraged to explore the possibilities of this multifaceted commercial property.

    Property Features for 140 Montgomery

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,980 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Toomsboro
    County
    Wilkinson
    State
    Georgia
    Longitude
    -83.08045
    Latitude
    32.82603

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    FAQs

    What type of property is this?
    Commercial real estate - Restaurant, Opera House, & Bank
    Where is this commercial real estate located?
    The property is located at 140 Montgomery Toomsboro, GA.
    What is the asking price?
    The asking price for this property is $308,000.
    (478) 454-0077
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    140 Montgomery Toomsboro, GA 31090
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    Toomsboro, GA 31090
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    140 Montgomery Toomsboro, GA 31090
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