Historic Restaurant
208 N Patterson, Valdosta, GA 31601
For Sale
New
$829,000
Two levels, a basement, and an equipped commercial kitchen support restaurant and event operations.
Property Size7,560 SF
Price / SF$109.66
Days on Market3
Property Features for 208 N Patterson
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Sprinkler System
Taxes and HOA fees
Annual Taxes
Amenities
security and camera system
exposed brick walls
basement storage
Public Restrooms
Telephone
Other
Building Details
Building Size
Year Renovated
Buildings
Stories
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Jordan Ganas · License #411730
(229) 269-1380
Source:
Garnerrealtygroupllc
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 8:40PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic restaurant property in downtown Valdosta contains 7,560 square feet across two floors, with a basement for storage. Exposed brick, a full sprinkler system, security cameras, and updated infrastructure are among its features. Renovation work was completed in 2015, and the stated occupancy approval is for 300 people. The main level includes a complete restaurant kitchen setup.
The building is at 208 N Patterson, across from the Lowndes County Courthouse. Front and rear staircases connect the two floors, allowing for different interior layouts. The property is zoned CD.
The building is at 208 N Patterson, across from the Lowndes County Courthouse. Front and rear staircases connect the two floors, allowing for different interior layouts. The property is zoned CD.
Key Highlights
- 7,560‑square‑foot historic building renovated in 2015
- Approved occupancy of 300
- Restaurant kitchen setup on the main floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,755
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,100
$1.4M
Cap Rate 7%
$996,500
$996.5K
Cap Rate 9%
$775,056
$775.1K
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$99.8K $13.20/SF
− Vacancy
−$6.8K −$0.90/SF
EGI
$93.0K $12.30/SF
− OpEx
−$23.3K −$3.08/SF
NOI
$69.8K $9.23/SF
Area
Lowndes County, GA
Vacancy
6.80%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,100
Cap Rate 7%
$996,500
Cap Rate 9%
$775,056
Alternative Uses
Best Use
Specialty Retail
$996.5K
$871.9K – $1.16M
NOI $69,755 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 32%
Home Improvements & Furnishings 17%
Electronics 3%
Church's Chicken
Dining
9,867 visits/mo
0.4 miles
Langdale Ford
Shops & Services
4,086 visits/mo
0.1 miles
SUBWAY
Dining
2,656 visits/mo
0.4 miles
True Value Hardware
Home Improvements & Furnishings
2,323 visits/mo
0.2 miles
Miller Hardware - Downtown
Home Improvements & Furnishings
2,133 visits/mo
0.2 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
$112,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Lowndes County, GA
Properties on Market for Conventional restaurants in Lowndes County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two levels, a basement, and an equipped commercial kitchen support restaurant and event operations.
Where is this conventional restaurant 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: 7,560‑square‑foot historic building renovated in 2015; Approved occupancy of 300; Restaurant kitchen setup on the main floor
