High-Visibility Restaurant with
For Sale
Contact for pricing
301 Commerce Avenue, Lagrange, GA 30241
Restaurant building offers an open-concept dining layout with booth seating, front service counter, and a large paved parking lot.
Property Size1,979 SF
Lot Size1.05 Acres
Price / SF$1.01
Days on Market102
Property Features for 301 Commerce Avenue
General Information
Standard status
Active
Size
1,979 SF
Lot size
1.05 Acres
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Amenities
1.045 acres, Business Park, City Lot
Metal
Public Sewer
Parcel Number: 0502C006034
Concrete, Laminate
Central Air
Central, Forced Air, Natural Gas
Listing ID: 10809433, Standard Status: Active, MLS Status: Active, On market as of 2026-07-20, 99 days on market
60 total parking spaces, Paved
Built in 1979, Construction Materials: Brick
County/Parish: Troup
Resale
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Source: Public
Energy Efficiency: Thermostat
Accessible Approach with Ramp, Accessible Doors, Accessible Entrance
Other equipment: Fixtures, Industrial Equipment
Building Details
Building Size
1,979 SF
Year Built
1979
Listing Agency:
Southern Classic Realtors
(678) 635-8877
Listed By:
Kaley D Hebert · License #374718
(678) 378-7519
Source:
Blackstreaminternational
Added: Jul 20
Changed: Oct 29
Last Checked: Oct 28 at 7:57AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property provides approximately 4,959 square feet of heated space on a level 1.045-acre site, with about 175 feet of frontage on Commerce Avenue and an approximate 260-foot depth. The building includes a versatile open-concept floor plan with booth seating, a front service counter, and ample dining space.
A large paved parking lot supports guest access, and the site has access to city utilities. The property is positioned among major national retailers and restaurants in a growing commercial area, with nearby businesses including Kroger, Publix, McDonald's, Harbor Freight, Planet Fitness, AutoZone, Krystal, Big Lots, Zaxby's, Dollar Tree, Dollar General, Petsense, Hibbett Sports, and others.
For operators looking for a flexible restaurant layout, this space is designed to accommodate a range of concepts while keeping an established restaurant-oriented interior configuration.
A large paved parking lot supports guest access, and the site has access to city utilities. The property is positioned among major national retailers and restaurants in a growing commercial area, with nearby businesses including Kroger, Publix, McDonald's, Harbor Freight, Planet Fitness, AutoZone, Krystal, Big Lots, Zaxby's, Dollar Tree, Dollar General, Petsense, Hibbett Sports, and others.
For operators looking for a flexible restaurant layout, this space is designed to accommodate a range of concepts while keeping an established restaurant-oriented interior configuration.
Key Highlights
- Restaurant space for lease at 301 Commerce Avenue, LaGrange, GA, with approximately 4,959 SF of heated space.
- 1.045‑acre site with 175 feet of frontage on Commerce Avenue and approx. 260‑foot depth.
- Open‑concept interior with booth seating, a front service counter, and ample dining space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,719
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,294,380
$1.3M
Cap Rate 7%
$924,557
$924.6K
Cap Rate 9%
$719,100
$719.1K
Market Conditions
NOI Build-Up for 4,959 SF
Gross rent
$90.5K $18.24/SF
− Vacancy
−$4.2K −$0.84/SF
EGI
$86.3K $17.40/SF
− OpEx
−$21.6K −$4.35/SF
NOI
$64.7K $13.05/SF
Area
Troup County, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,294,380
Cap Rate 7%
$924,557
Cap Rate 9%
$719,100
Alternative Uses
Best Use
Specialty Retail
$924.6K
$809.0K – $1.08M
NOI $64,719 @ 7.0% cap · market cap 1,294.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.9K – $1.29M
NOI $77,671 @ 7.0% cap · market cap 1,553.42%
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
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
282k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Dining 27%
Groceries 25%
Apparel 7%
Publix
Groceries
37,647 visits/mo
0.2 miles
Kroger
Groceries
32,270 visits/mo
0.1 miles
Kroger Fuel Center
Shops & Services
19,726 visits/mo
0.1 miles
McDonald's
Dining
18,204 visits/mo
0.3 miles
Taco Bell
Dining
16,779 visits/mo
0.5 miles
Demographics for 30241, GA
25,509
Population
10,433
Households
2.4
Avg Household Size
37
Median Age
18%
College-Educated
88%
High-School Grad
112.4 sq mi
ZIP Area
227
Density / Sq Mi
$47,988
Median Household Income
$34,411
Median Earnings
$1,077
Median Rent
$167,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Fried Tomato Buffet — 127 Commerce Ave suite g, LaGrange, GA 30241
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building offers an open-concept dining layout with booth seating, front service counter, and a large paved parking lot.
Where is this conventional restaurant located?
The property is located at 301 Commerce Avenue Lagrange, GA.
What are key features of this property?
This property features: Restaurant space for lease at 301 Commerce Avenue, LaGrange, GA, with approximately 4,959 SF of heated space.; 1.045‑acre site with 175 feet of frontage on Commerce Avenue and approx. 260‑foot depth.; Open‑concept interior with booth seating, a front service counter, and ample dining space.
