Freestanding Restaurant
115 Elm Street, Lincolnton, GA 30817
For Sale
$325,000
Commercial Sale, Lincolnton, GA
Property Size1,952 SF
Lot Size0.52 Acres
Price / SF$166.50
Days on Market60
Property Features for 115 Elm Street
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Listing Agency:
Gold Oak Real Estate, LLC
Listed By:
Sandy J. Butler · License #341065
(706) 833-5313
Added: Sep 11
Changed: Oct 20
Last Checked: Nov 9 at 7:06AM
MLS# 100603086
Copyright © 2026 Hive MLS. 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 1,952-square-foot freestanding restaurant property was built in 1995 and includes seating for approximately 45 guests. Recent improvements include Low-E windows, refreshed bathrooms, updated plumbing fixtures, an updated HVAC system, a tankless water heater, and a new roof HVAC. The site also has inground grease traps, a dedicated grease-dump area, and a three-sided dumpster location. Public water and public sewer serve the property.
Located at 115 Elm Street in Lincolnton, the property fronts the intersection of Hwy 47 and Hwy 378, providing access along two state highway corridors. On-site parking includes 30 designated spaces, and the property features a 50+/- sign with marquee. C-1 zoning supports the existing restaurant use, with the building also described for potential café, retail, or professional office applications.
Located at 115 Elm Street in Lincolnton, the property fronts the intersection of Hwy 47 and Hwy 378, providing access along two state highway corridors. On-site parking includes 30 designated spaces, and the property features a 50+/- sign with marquee. C-1 zoning supports the existing restaurant use, with the building also described for potential café, retail, or professional office applications.
Key Highlights
- 1,952‑square‑foot freestanding restaurant building on 0.52 acres
- Seating for approximately 45 guests with 30 designated parking spaces
- Intersection location at Hwy 47 and Hwy 378
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,935
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,700
$458.7K
Cap Rate 7%
$327,643
$327.6K
Cap Rate 9%
$254,833
$254.8K
Market Conditions
NOI Build-Up for 1,952 SF
Gross rent
$32.3K $16.56/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$30.6K $15.67/SF
− OpEx
−$7.6K −$3.92/SF
NOI
$22.9K $11.75/SF
Area
Lincoln County, GA
Vacancy
5.40%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,700
Cap Rate 7%
$327,643
Cap Rate 9%
$254,833
Alternative Uses
Best Use
Specialty Retail
$327.6K
$286.7K – $382.3K
NOI $22,935 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.1K
$539.1K – $718.8K
NOI $43,129 @ 7.0% cap · market cap 13.27%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30817, GA
7,364
Population
4,197
Households
1.8
Avg Household Size
48
Median Age
16%
College-Educated
87%
High-School Grad
191.2 sq mi
ZIP Area
39
Density / Sq Mi
$49,658
Median Household Income
$32,913
Median Earnings
$736
Median Rent
$169,400
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 - Updated systems, restaurant infrastructure, and flexible commercial use support are in place.
Where is this conventional restaurant located?
The property is located at 115 Elm Street Lincolnton, GA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,952‑square‑foot freestanding restaurant building on 0.52 acres; Seating for approximately 45 guests with 30 designated parking spaces; Intersection location at Hwy 47 and Hwy 378
