Mixed-Use Property with Restaurant
New
For Sale
$1,275,000
3565 Georgia 85, Ellerslie, GA 31807
Commercial Sale, Ellerslie, GA
Property Size4,300 SF
Lot Size4.19 Acres
Price / SF$296.51
Days on Market6
Property Features for 3565 Georgia 85
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
20
Parking features
Parking Lot
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Level
Directions
Use GPS
Standard status
Active
APN
081A041 081A042
Size
3 SF
Lot size
4.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
327373
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Cooling system
Window Unit(s)
Water source
Public
Amenities
brick smokehouse
Building Details
Year built
1940
Flooring type
Laminate, Hardwood
Building materials
Frame, Wood Siding
Roof type
Composition
Listing Agency:
Maximum One Premier Realtors
(470) 400-9877
Listed By:
Mary Luhring · License #395223
(404) 507-2296
Added: Oct 10
Changed: Oct 14
Last Checked: Oct 15 at 12:06PM
MLS# 10872791
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1940 farmhouse sits on 4.19 acres and includes restaurant and retail space on the lower level, with separate rooms upstairs that could be remodeled as living quarters. A recent renovation expanded the kitchen, and the property also has a separate brick smokehouse with an open-pit grill and chimney. Restaurant equipment and furnishings may be purchased separately; a beer and wine license may transfer with an approved application.
The property fronts Highway 85 at a signalized intersection with Highways 315, Warm Springs Road, and Harris Road. It is across from Ellerslie Park and adjacent to the historic depot and fire station. More than 680 feet of road frontage spans three sides, with five property entrances.
Site infrastructure includes a 1,000-gallon grease trap, a 1,500-gallon septic tank, two 1,500-gallon aerobic treatment units, a 400-foot drain line, and 400+ amp electrical service. A new roof was installed in 2025.
The property fronts Highway 85 at a signalized intersection with Highways 315, Warm Springs Road, and Harris Road. It is across from Ellerslie Park and adjacent to the historic depot and fire station. More than 680 feet of road frontage spans three sides, with five property entrances.
Site infrastructure includes a 1,000-gallon grease trap, a 1,500-gallon septic tank, two 1,500-gallon aerobic treatment units, a 400-foot drain line, and 400+ amp electrical service. A new roof was installed in 2025.
Key Highlights
- 4.19‑acre mixed‑use property with restaurant and retail space
- More than 680 feet of road frontage on three sides and five entrances
- Farmhouse built in 1940; upper‑level rooms could be remodeled as living quarters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,118
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,122,360
$1.1M
Cap Rate 7%
$801,686
$801.7K
Cap Rate 9%
$623,533
$623.5K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$78.4K $18.24/SF
− Vacancy
−$3.6K −$0.84/SF
EGI
$74.8K $17.40/SF
− OpEx
−$18.7K −$4.35/SF
NOI
$56.1K $13.05/SF
Area
Harris 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%
$1,122,360
Cap Rate 7%
$801,686
Cap Rate 9%
$623,533
Alternative Uses
Best Use
Specialty Retail
$801.7K
$701.5K – $935.3K
NOI $56,118 @ 7.0% cap · market cap 4.40%
Second Best
Mixed Use
$702.7K
$614.9K – $819.8K
NOI $49,188 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$962.1K
$841.9K – $1.12M
NOI $67,349 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
10,823 visits/mo
0.2 miles
Demographics for 31807, GA
2,855
Population
940
Households
3
Avg Household Size
42
Median Age
24%
College-Educated
96%
High-School Grad
13.4 sq mi
ZIP Area
213
Density / Sq Mi
$103,547
Median Household Income
$52,880
Median Earnings
$732
Median Rent
$290,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A renovated farmhouse pairs commercial space with upper-level rooms that could be remodeled for living quarters.
Where is this mixed-use property located?
The property is located at 3565 Georgia 85 Ellerslie, GA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 4.19‑acre mixed‑use property with restaurant and retail space; More than 680 feet of road frontage on three sides and five entrances; Farmhouse built in 1940; upper‑level rooms could be remodeled as living quarters
