Turn-Key Restaurant and
138 N Midland Avenue Monroe, GA 30655
138 N Midland Avenue, Monroe, GA, 30655
$2,500,000
For Sale
$2,500,000
Restaurant and tavern with real estate in downtown Monroe, Georgia.
Property Size6,000 SF
Lot Size0.53 Acres
Price / SF$416.67
Days on Market162
Property Features for 138 N Midland Avenue
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.53 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency
UC Premier Properties
Listed by
Sonia Donaldson-Moretti
Source
Corcoran
Added: Feb 9 Updated: Jul 6 at 10:01 am Checked: Jul 19 at 3:52 am
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 UC Premier Properties
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a turn-key restaurant and tavern with real estate in the heart of downtown Monroe, Georgia. The 0.53-acre property includes two recently renovated buildings totaling approximately 6,000 SF, an outdoor patio, and a fully operational, stabilized business with loyal repeat patrons. The sale includes land, buildings, operating business, and all FFE. The property features an active, established restaurant and tavern, a 5,000 SF renovated bar restaurant building, a 1,000 SF renovated office/storage building, and a 1,000 SF outdoor patio. It also includes a fully equipped commercial kitchen, an in-ground grease trap, a fire sprinkler system, and dedicated on-site parking for vehicles and golf carts. Adjacent public parking is available. The property is located within Monroe's highly active, walkable mixed-use downtown district surrounded by local shops, restaurants, and attractions.
Key Highlights
- Turn‑key, fully operational and stabilized restaurant and tavern business with real estate included.
- Prime downtown Monroe location in a highly active, walkable mixed‑use district.
- Recently renovated buildings totaling approximately 6,000 SF (5,000 SF restaurant/bar, 1,000 SF office/storage).
Local 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 | $138.2k | $23.04 |
| − Vacancy | −$9.7k | −$1.61 |
| EGI | $128.6k | $21.43 |
| − OpEx | −$32.1k | −$5.36 |
| NOI | $96.4k | $16.07 |
6,000 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,422 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.97M
NOI $117,936 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Will Henry's Tavern
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- David’s Tavern and Grill — 137 S Broad St, Monroe, GA 30655
- Amici Monroe — 132 E Church St, Monroe, GA 30655
FAQs
What type of property is this?
Bar & Pub - Restaurant and tavern with real estate in downtown Monroe, Georgia.
Where is this bar & pub located?
The property is located at 138 N Midland Avenue Monroe, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Turn‑key, fully operational and stabilized restaurant and tavern business with real estate included.; Prime downtown Monroe location in a highly active, walkable mixed‑use district.; Recently renovated buildings totaling approximately 6,000 SF (5,000 SF restaurant/bar, 1,000 SF office/storage).
