Historic Restaurant Building with
For Sale
$829,000
208 N Patterson, Valdosta, GA 31601
Fully renovated historic building with an operational restaurant kitchen, sprinkler and security systems, and multi-level layout.
Property Size7,560 SF
Price / SF$109.66
Days on Market18
Property Features for 208 N Patterson
General Information
Standard status
Active
Size
7,560 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Sprinkler System
Yes
Building Details
Year Renovated
2015
Stories
2
Listing Agency:
Southern Classic Realtors
(229) 269-1380
Listed By:
Jordan Ganas · License #411730
(229) 269-1380
Source:
Homesinvaldosta
Added: Jul 13
Changed: Jul 14
Last Checked: Jul 29 at 12:08PM
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 Southern Classic Realtors
Investment Insights
Based on property information with market context.
This fully renovated historic building offers a complete restaurant kitchen setup ready for operation, along with exposed brick walls and modern infrastructure. The property is approved for an occupancy of 300 and includes a full sprinkler system plus security and camera systems for added peace of mind. Layout features two floors with both front and rear staircases, providing multiple options for dining, entertainment, or event space. A basement adds practical storage capacity.
Located on the main block of Downtown Patterson Street directly across from the Lowndes County Courthouse, the building benefits from prominent downtown positioning. It was originally renovated in 2015 and has been used in connection with special events, with a reported history of high bookings for those gatherings.
With turnkey restaurant kitchen improvements, flexible interior circulation, and additional storage, this is well suited for operators seeking a large, historic, multi-level venue.
Located on the main block of Downtown Patterson Street directly across from the Lowndes County Courthouse, the building benefits from prominent downtown positioning. It was originally renovated in 2015 and has been used in connection with special events, with a reported history of high bookings for those gatherings.
With turnkey restaurant kitchen improvements, flexible interior circulation, and additional storage, this is well suited for operators seeking a large, historic, multi-level venue.
Key Highlights
- Fully renovated 7,560 SF historic building on Downtown Patterson St in Valdosta, GA, across from the Lowndes County Courthouse
- Originally renovated in 2015 with exposed brick walls and modern infrastructure upgrades
- Includes a complete restaurant kitchen setup ready for operation plus a history of high bookings for special events
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.8k | $13.20 |
| − Vacancy | −$6.8k | −$0.90 |
| EGI | $93.0k | $12.30 |
| − OpEx | −$23.3k | −$3.08 |
| NOI | $69.8k | $9.23 |
7,560 SF · lease $13.20/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$996.5K
$871.9K – $1.16M
NOI $69,755 @ 7.0% cap · market cap 8.41%
Second Best
Industrial
$486.7K
$425.9K – $567.8K
NOI $34,070 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,342 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 35%
Groceries 28%
Piggly Wiggly
Groceries
15,721 visits/mo
0.3 miles
McDonald's
Dining
14,558 visits/mo
0.1 miles
Dollar Tree
Shops & Services
8,550 visits/mo
0.1 miles
Dollar General
Shops & Services
8,056 visits/mo
0.2 miles
Hardee's
Dining
5,081 visits/mo
0.1 miles
Demographics for 31601, GA
32,331
Population
14,345
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
82%
High-School Grad
159.0 sq mi
ZIP Area
203
Density / Sq Mi
$34,846
Median Household Income
$28,878
Median Earnings
$872
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Fully renovated historic building with an operational restaurant kitchen, sprinkler and security systems, and multi-level layout.
Where is this commercial kitchen located?
The property is located at 208 N Patterson Valdosta, GA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Fully renovated 7,560 SF historic building on Downtown Patterson St in Valdosta, GA, across from the Lowndes County Courthouse; Originally renovated in 2015 with exposed brick walls and modern infrastructure upgrades; Includes a complete restaurant kitchen setup ready for operation plus a history of high bookings for special events
