Restaurant Property with Multiple
1707 N Expressway Griffin, GA 30223
1707 N Expressway, Griffin, GA, 30223
$1,395,000
For Sale
$1,395,000
Restaurant site offers highway visibility, ample onsite parking, and included equipment for a quick continuation or redevelopment.
Property Size6,468 SF
Lot Size2.49 Acres
Price / SF$215.68
Days on Market63
Property Features for 1707 N Expressway
General Information
- Standard status
- Active
- Size
- 6,468 SF
- Lot size
- 2.49 Acres
Listing agency
Southern Realty Group of GA, Inc.
(770) 845-7362
Listed by
Tony Akl
(770) 845-7362
Source
Exprealty
Added: May 20 Updated: Jul 10 at 1:52PM Checked: Jul 20 at 8:09AM
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 Realty Group of GA, Inc.
Investment Insights
Based on property information with market context.
This for-sale restaurant property includes the existing restaurant improvements and all equipment remains with the sale. The site is configured for restaurant operations with ample onsite parking and two separate access points.
One entrance is located from North Expressway (US Highway 19/41) with 200 feet of frontage. A second entrance is provided from Ridgewood Dr with 190 feet of frontage, supporting straightforward vehicle flow and flexible access.
Situated in Griffin, GA with visibility along a busy US Highway 19/41 corridor, the property can be a practical fit for a restaurateur looking to continue operations with minimal disruption, given the equipment is included. It also presents an alternative path for ownership groups interested in repositioning the full site, as redevelopment of the entire 2.49-acre parcel is noted as a viable option.
One entrance is located from North Expressway (US Highway 19/41) with 200 feet of frontage. A second entrance is provided from Ridgewood Dr with 190 feet of frontage, supporting straightforward vehicle flow and flexible access.
Situated in Griffin, GA with visibility along a busy US Highway 19/41 corridor, the property can be a practical fit for a restaurateur looking to continue operations with minimal disruption, given the equipment is included. It also presents an alternative path for ownership groups interested in repositioning the full site, as redevelopment of the entire 2.49-acre parcel is noted as a viable option.
Key Highlights
- Restaurant site on busy US Hwy 19/41 with high visibility
- 2.49‑acre site with ample onsite parking
- Two entrances: 200 ft frontage from N Expressway (Hwy 19/41) and 190 ft frontage on Ridgewood Dr
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 | $149.0k | $23.04 |
| − Vacancy | −$10.4k | −$1.61 |
| EGI | $138.6k | $21.43 |
| − OpEx | −$34.6k | −$5.36 |
| NOI | $103.9k | $16.07 |
6,468 SF · lease $23.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,943 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,135 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant site offers highway visibility, ample onsite parking, and included equipment for a quick continuation or redevelopment.
Where is this conventional restaurant located?
The property is located at 1707 N Expressway Griffin, GA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Restaurant site on busy US Hwy 19/41 with high visibility; 2.49‑acre site with ample onsite parking; Two entrances: 200 ft frontage from N Expressway (Hwy 19/41) and 190 ft frontage on Ridgewood Dr
