Restaurant Property with Covered
For Sale
$1,050,000
64 N Main St, Watkinsville, GA 30677
Downtown restaurant property with a commercial kitchen, indoor dining, and covered outdoor seating.
Property Size2,132 SF
Price / SF$492.50
Days on Market48
Property Features for 64 N Main St
General Information
Standard status
Active
Size
2,132 SF
Building Details
Year Built
1978
Listing Agency:
Corcoran Classic Living
Listed By:
Melinda Edwards · License #442115
(706) 202-1642
Source:
Annakintown
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 7 at 2:12PM
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 Corcoran Classic Living
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Investment Insights
Based on property information with market context.
This 2,132-square-foot restaurant property, built in 1978, is arranged for food-service operations with a commercial kitchen, indoor dining area, and covered outdoor seating. The existing layout offers flexibility for continued restaurant use or other commercial concepts, subject to zoning and applicable approvals.
The property is located at 64 N Main St in downtown Watkinsville, with convenient access to Athens and a central position within Oconee County. It is offered for sale or lease; the existing business is not included in the transaction.
The property is located at 64 N Main St in downtown Watkinsville, with convenient access to Athens and a central position within Oconee County. It is offered for sale or lease; the existing business is not included in the transaction.
Key Highlights
- 2,132‑square‑foot restaurant property
- Commercial kitchen with indoor dining space
- Covered outdoor seating area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,775
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,500
$635.5K
Cap Rate 7%
$453,929
$453.9K
Cap Rate 9%
$353,056
$353.1K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$46.1K $21.60/SF
− Vacancy
−$3.7K −$1.73/SF
EGI
$42.4K $19.87/SF
− OpEx
−$10.6K −$4.97/SF
NOI
$31.8K $14.90/SF
Area
Oconee County, GA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,500
Cap Rate 7%
$453,929
Cap Rate 9%
$353,056
Alternative Uses
Best Use
Specialty Retail
$453.9K
$397.2K – $529.6K
NOI $31,775 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$185.5K
$162.4K – $216.5K
NOI $12,988 @ 7.0% cap · market cap 1.24%
Theoretical Best
Office A
$514.0K
$449.7K – $599.6K
NOI $35,977 @ 7.0% cap · market cap 3.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Downtown restaurant property with a commercial kitchen, indoor dining, and covered outdoor seating.
Where is this conventional restaurant located?
The property is located at 64 N Main St Watkinsville, GA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,132‑square‑foot restaurant property; Commercial kitchen with indoor dining space; Covered outdoor seating area
