Building Details

Year Built 1928

Listing Agency: BHHS Hodnett Cooper Real Estate

Listed By: Stephanie F Webb · License #245521 Show Phone

Source: Ginesandburnsed.searchhomesinsavannah

Added: Sep 29 Changed: Oct 4 Last Checked: Oct 9 at 7:33PM

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Investment Insights

Based on property information with market context.

This 1928 event venue in Brunswick has been renovated and is offered with fixtures, equipment, and commercial kitchen appliances. Kitchen features include TRUE commercial freezers, a Southbend oven, a double oven, a grill, and a commercial hood with an air suppression system. The sale covers the real estate and equipment, but not the existing business name, branding, or customer records.

Outdoor features include a lighted pavilion, lawn, privacy fence, grease trap, and a garage and storage building with coolers. The property has public water and sewer, natural gas, GA Power service, and an irrigation system.

Key Highlights

• Commercial kitchen includes TRUE freezers, Southbend oven, double oven, grill, and hood with air suppression
• Pavilion with lights, lawn area, and privacy fence
• Garage and storage building equipped with coolers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,818

Cap Rate

3.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$276,360 $276.4K

Cap Rate 7%

$197,400 $197.4K

Cap Rate 9%

$153,533 $153.5K

Market Conditions

NOI Build-Up for 1,408 SF

Gross rent

$19.8K $14.04/SF

− Vacancy

−$1.3K −$0.95/SF

EGI

$18.4K $13.09/SF

− OpEx

−$4.6K −$3.27/SF

NOI

$13.8K $9.81/SF

Area

Glynn County, GA

Vacancy

6.80%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$276,360

Cap Rate 7%

$197,400

Cap Rate 9%

$153,533

Alternative Uses

Best Use

Specialty Retail

$197.4K

$172.7K – $230.3K (±1% cap)

NOI $13,818 @ 7.0% cap · market cap 3.46%

Second Best

Industrial

$91.6K

$80.2K – $106.9K (±1% cap)

NOI $6,414 @ 7.0% cap · market cap 1.61%

Theoretical Best

Office A

$292.2K

$255.7K – $340.9K (±1% cap)

NOI $20,455 @ 7.0% cap · market cap 5.13%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Burnsides & Co. Take-out & Catering

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Skin Care Clinic Carpet & Flooring Store Pharmacy Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,012

Businesses Nearby

Explore this area Business Placement

Demographics for 31520, GA

22,726

Population

10,619

Households

2.1

Avg Household Size

39

Median Age

16%

College-Educated

84%

High-School Grad

20.1 sq mi

ZIP Area

1,131

Density / Sq Mi

$37,652

Median Household Income

$26,292

Median Earnings

$936

Median Rent

$135,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this wedding venues located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Wedding venue - The property includes event space, kitchen equipment, and a pavilion for outdoor gatherings.

Where is this wedding venue located?

The property is located at 1908 Gloucester St Brunswick, GA.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Commercial kitchen includes TRUE freezers, Southbend oven, double oven, grill, and hood with air suppression; Pavilion with lights, lawn area, and privacy fence; Garage and storage building equipped with coolers