Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    64 N Main St Watkinsville, GA 30677

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully renovated restaurant with patio in downtown Watkinsville, Georgia.

    Property size:
    2,538 SF
    Lot size:
    0.64 Acres

    Property Features for 64 N Main St

    General Information

    Standard status
    Active
    Zoning
    B-1
    Size
    2,538 SF
    Lot size
    0.64 Acres

    Building Details

    Year built
    1978

    We can help!

    Listing Contact
    Chris Blackmon
    Chris Blackmon
    Source: Crexi

    Listing Agency: Atlas Real Estate Advisors Listing Agent: Chris Blackmon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Restaurant with Outdoor Patio

    This is a restaurant property for sale, originally constructed in 1978 and extensively renovated in 2021. The building has a total area of approximately 2,538 square feet with an additional 1,000 square foot outdoor patio. The interior provides seating for 52 patrons, while the patio accommodates an additional 24 seats. The property includes 23 on-site parking spaces. It features approximately 193 feet of frontage along N. Main St., situated near the intersection of Route 53 and Route 15. Full utility access is available, including electric, natural gas, public water, and sewer. The site is served by municipal police and fire protection and is accessible from N. Main St. via two driveways. The property is located across from the new Oconee County Board of Education building and Wisteria Ridge, a 105-unit apartment community. The location offers strong visibility and consistent drive-by traffic. This property is positioned in downtown Watkinsville, Georgia.
    Location Intelligence

    Current Use by Public Records

    White Tiger Deluxe Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watkinsville
    County
    Oconee
    State
    Georgia
    Longitude
    -83.40677
    Latitude
    33.85659

    Nearby Similar for Sale

    • $854,000
      5,000 SF

      Watkinsville Commercial Build-to-Suit Opportunity

      5,000 SF build-to-suit commercial space in Watkinsville, GA.
      2053 Experiment Station Rd, Watkinsville, GA 30677
      View Details
    • $1,440,000
      9,000 SF

      Watkinsville Commercial Building For Sale

      9,000 SF commercial building with flexible layout in Oconee County.
      1052 Moreland Heights Rd, Watkinsville, GA 30677
      View Details
    • $635,200
      3,200 SF

      Watkinsville Office Suites For Sale

      Professional office suites in Oconee County, highly accessible and visible.
      1551 B, Watkinsville, GA 30677
      View Details
    • $2,950,000
      6.00 Acres

      Mixed-Use Complex in Watkinsville, GA

      6-acre mixed-use complex with development in place.
      2411 Hog Mountain Rd, Watkinsville, GA 30677
      View Details
    • New
      $680,000
      Pending

      Watkinsville Multifamily Investment Opportunity

      Multifamily property in a sought-after location with immediate income.
      1020 Deni Ct, Watkinsville, GA 30677
      View Details
    • $450,000
      2,872 SF

      Watkinsville Duplex: Investor Opportunity

      Duplex in Oconee County with long-term upside potential.
      160 V F W Dr, Watkinsville, GA 30677
      View Details
    • New
      $680,000
      Pending

      Multifamily Investment in Watkinsville, GA

      Multifamily property in Oconee County with immediate income potential.
      1020 Deni Ct, Watkinsville, GA 30677
      View Details
    • $355,000
      3.10 Acres

      Watkinsville Land with Equine Amenities

      3.1 acres with barn ready for your dream equine home.
      1030 Rossiter Ct, Watkinsville, GA 30677
      View Details
    • $635,200

      Oconee County Office Suites

      Professional office suites in a highly accessible, visible location.
      1551 Jennings Ml Rd #1400, Watkinsville, GA 30677
      View Details
    • $355,000

      Equine Property in Broadlands Neighborhood

      3.1 acre equine property ready for your dream home.
      1030 Rossiter Ct, Watkinsville, GA 30677
      View Details
    • $1,795,000

      Farmington Farms: Multi-Zoned Land

      38.34 acres with structures, zoned AR and R3.
      3521 Macon Hwy, Watkinsville, GA 30677
      View Details
    • Contact for pricing
      3,200 SF

      Oconee County Office Suites

      Professional office suites in a highly accessible, visible location.
      1551 Jennings Mill Rd, Watkinsville, GA 30677
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Fully renovated restaurant with patio in downtown Watkinsville, Georgia.
    Where is this conventional restaurant located?
    The property is located at 64 N Main St Watkinsville, GA.
    What are key features of this property?
    This property features: - Fully renovated (2021) and equipped ±2,538 SF restaurant with a 1,000 SF outdoor patio.; - Located in desirable downtown Watkinsville, GA.; - High-visibility location with ±193' frontage on N. Main St.
    Request Owner's contact information
    64 N Main St Watkinsville, GA 30677
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    64 N Main St
    Watkinsville, GA 30677
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    64 N Main St Watkinsville, GA 30677
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Blackmon
    Chris Blackmon
    Real Estate License ID: 218395
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!