Historic Bed & Breakfast
For Sale
$675,000
421 E Greene Street Monticello, Monticello, GA 31064
Operating hospitality property with guest quarters, event areas, catering kitchen, and outdoor gathering spaces on 1.85 acres.
Property Size3,199 SF
Price / SF$211
Days on Market107
Property Features for 421 E Greene Street Monticello
General Information
Standard status
Active
Size
3,199 SF
Total Parking Spaces
8
Additional Details
Furnished
No
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,078
Amenities
Commercial Grade Catering Kitchen
Restaurant Style Sun Room
Courtyard
Outdoor Entertainment spaces
Deck
Hardwood,Other,Tile
true
Public Records
Square Feet
Wood
Equipment
City Lot
Public
1.85
8
Fixtures,Other
Other
Paved
County Road,Other
3199
Building Details
Building Size
3,199 SF
Year Built
1820
Listed By:
Dayne Kimsey
(706) 480-5310
Source:
Thesoldsquad
Added: Jul 1
Changed: Oct 6
Last Checked: Oct 7 at 9:18AM
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 Dayne Kimsey
Investment Insights
Based on property information with market context.
Built in 1820, this 3,199-square-foot bed and breakfast property combines historic residential character with an operating hospitality venue. The layout includes one ensuite living quarter on the main level and four additional rentable living quarters upstairs, supported by three bathing areas. Hardwood and tile surfaces, multiple parlors, a dining area, Great Room, Keeping Room, and Living Room provide a varied interior configuration.
Event-oriented improvements include a commercial-grade catering kitchen, restaurant-style sun room, courtyard, upper-level deck, and outdoor entertainment areas. A large front porch with Colonial pillars opens to wraparound green space. The property is listed on the National Register of Historic Places and includes a Georgia Historical Marker. Located at 421 E Greene Street in Monticello, Georgia, the property occupies a 1.85-acre city lot and offers a combined lodging, event, and residential configuration.
Event-oriented improvements include a commercial-grade catering kitchen, restaurant-style sun room, courtyard, upper-level deck, and outdoor entertainment areas. A large front porch with Colonial pillars opens to wraparound green space. The property is listed on the National Register of Historic Places and includes a Georgia Historical Marker. Located at 421 E Greene Street in Monticello, Georgia, the property occupies a 1.85-acre city lot and offers a combined lodging, event, and residential configuration.
Key Highlights
- 3,199‑square‑foot property built in 1820
- 1.85‑acre city lot at 421 E Greene Street, Monticello, GA 31064
- One main‑level ensuite living quarter plus 4 additional rentable living quarters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,838
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,760
$856.8K
Cap Rate 7%
$611,971
$612.0K
Cap Rate 9%
$475,978
$476.0K
Market Conditions
NOI Build-Up for 3,199 SF
Gross rent
$76.4K $23.87/SF
− Vacancy
−$19.2K −$6.02/SF
EGI
$57.1K $17.85/SF
− OpEx
−$14.3K −$4.46/SF
NOI
$42.8K $13.39/SF
Area
Jasper County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,760
Cap Rate 7%
$611,971
Cap Rate 9%
$475,978
Alternative Uses
Best Use
Office B
$612.0K
$535.5K – $714.0K
NOI $42,838 @ 7.0% cap · market cap 6.35%
Second Best
Mixed Use
$555.3K
$485.9K – $647.8K
NOI $38,868 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$894.2K
$782.5K – $1.04M
NOI $62,597 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31064, GA
9,880
Population
4,264
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
91%
High-School Grad
245.7 sq mi
ZIP Area
40
Density / Sq Mi
$56,961
Median Household Income
$37,557
Median Earnings
$1,020
Median Rent
$223,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Operating hospitality property with guest quarters, event areas, catering kitchen, and outdoor gathering spaces on 1.85 acres.
Where is this bed & breakfast located?
The property is located at 421 E Greene Street Monticello Monticello, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,199‑square‑foot property built in 1820; 1.85‑acre city lot at 421 E Greene Street, Monticello, GA 31064; One main‑level ensuite living quarter plus 4 additional rentable living quarters
