Second-Generation Restaurant
For Sale
Contact for pricing
118 N Wayne Street, Monroe, GA 30655
The former dining space sits in downtown Monroe near local businesses and community events.
Property Size1,900 SF
Days on Market14
Property Features for 118 N Wayne Street
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Amenities
0.1 acres, Level
Public Sewer
Parcel Number: M0140-090, Lot: 2
Concrete
Electric
Central
Listing ID: 10875325, Standard Status: Active, MLS Status: New, On market as of 2026-10-09, 11 days on market
Parking Lot
Built in 1900, Construction Materials: Brick
County/Parish: Walton
Updated/Remodeled
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Source: Public, 220 Volts
Fire Sprinkler System
Accessible Doors, Accessible Hallway(s)
Other equipment: Fixtures
Building Details
Building Size
1,900 SF
Year Built
1900
Listing Agency:
The Eulalia Group Real Estate
(678) 858-9253
Listed By:
Susan Sykes · License #351147
(678) 808-1300
Source:
Blackstreaminternational
Added: Oct 9
Changed: Oct 21
Last Checked: Oct 21 at 2:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Eulalia Group Real Estate
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Investment Insights
Based on property information with market context.
Built in 1900, the property is a second-generation restaurant space at 118 N Wayne Street in Monroe, Georgia. Its previous restaurant use gives the space a dining-oriented history; the source does not specify the current layout or equipment.
The address is in downtown Monroe, an area described as walkable, with locally owned shops, restaurants, and recurring community events. Downtown programming includes concerts, markets, festivals, and seasonal celebrations. Organizer materials estimate 32,000 attendees for the Making Memories in Monroe Car Show, more than 15,000 across the First Friday concert season, and approximately 30,000 for major festivals; these figures are event attendance estimates, not counts of unique annual visitors.
The address is in downtown Monroe, an area described as walkable, with locally owned shops, restaurants, and recurring community events. Downtown programming includes concerts, markets, festivals, and seasonal celebrations. Organizer materials estimate 32,000 attendees for the Making Memories in Monroe Car Show, more than 15,000 across the First Friday concert season, and approximately 30,000 for major festivals; these figures are event attendance estimates, not counts of unique annual visitors.
Key Highlights
- Second‑generation restaurant space with prior restaurant use
- Built in 1900
- Located at 118 N Wayne Street in downtown Monroe, GA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,534
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,680
$610.7K
Cap Rate 7%
$436,200
$436.2K
Cap Rate 9%
$339,267
$339.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$43.8K $23.04/SF
− Vacancy
−$3.1K −$1.61/SF
EGI
$40.7K $21.43/SF
− OpEx
−$10.2K −$5.36/SF
NOI
$30.5K $16.07/SF
Area
Walton 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%
$610,680
Cap Rate 7%
$436,200
Cap Rate 9%
$339,267
Alternative Uses
Best Use
Specialty Retail
$436.2K
$381.7K – $508.9K
NOI $30,534 @ 7.0% cap · market cap 452.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,346 @ 7.0% cap · market cap 553.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30655, GA
27,541
Population
10,212
Households
2.7
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
83.0 sq mi
ZIP Area
332
Density / Sq Mi
$68,292
Median Household Income
$39,472
Median Earnings
$1,099
Median Rent
$290,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The former dining space sits in downtown Monroe near local businesses and community events.
Where is this conventional restaurant located?
The property is located at 118 N Wayne Street Monroe, GA.
What are key features of this property?
This property features: Second‑generation restaurant space with prior restaurant use; Built in 1900; Located at 118 N Wayne Street in downtown Monroe, GA
