Listing Agency: FIRST COMMERCIAL REAL ESTATE

Listed By: Scott Alderman · License #109748 Show Phone

Source: Exprealty

Added: Jan 26 Changed: Oct 3 Last Checked: Oct 7 at 2:35PM

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Investment Insights

Based on property information with market context.

This property, formerly known as "Frogtown," is a wine tasting, restaurant, tavern, and event venue situated on 49.539 acres. The building offers 6,437 square feet under roof, including 3,304 square feet of heated space, a 1,337-square-foot covered front porch, and a 1,796-square-foot covered carport and outdoor seating/event area. The interior features a large bar, dining room, kitchen, two restrooms, and storage space. All furniture, fixtures, and equipment are included in as-is condition. The acreage includes 2,500 feet of frontage on I-75 and features two 2-face mini-billboards on I-75. The diverse land comprises a mix of cleared areas, a former small grape orchard, ponds, woodlands, and wetlands. Frank's Creek forms the eastern boundary of the property. Located within the city limits of Hahira, GA, the property has access to city water and sewer services. The property is suitable for restaurants, bed & breakfasts, hospitality properties, wedding venues, and specialty properties.

Key Highlights

• 49.539 acres with 2500' frontage on I‑75, offering high visibility and accessibility.
• Former Wine Tasting / Restaurant / Tavern / Event Venue with existing infrastructure and F/F/E included.
• Unique 6437 sf building under roof with a large bar, dining room, kitchen, and ample outdoor space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,393

Cap Rate

8.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,187,860 $1.2M

Cap Rate 7%

$848,471 $848.5K

Cap Rate 9%

$659,922 $659.9K

Market Conditions

NOI Build-Up for 6,437 SF

Gross rent

$85.0K $13.20/SF

− Vacancy

−$5.8K −$0.90/SF

EGI

$79.2K $12.30/SF

− OpEx

−$19.8K −$3.08/SF

NOI

$59.4K $9.23/SF

Area

Lowndes County, GA

Vacancy

6.80%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,187,860

Cap Rate 7%

$848,471

Cap Rate 9%

$659,922

Alternative Uses

Best Use

Specialty Retail

$848.5K

$742.4K – $989.9K (±1% cap)

NOI $59,393 @ 7.0% cap · market cap 8.80%

Second Best

Hotel Hospitality

$349.6K

$305.9K – $407.9K (±1% cap)

NOI $24,473 @ 7.0% cap · market cap 3.63%

Theoretical Best

Office A

$977.2K

$855.1K – $1.14M (±1% cap)

NOI $68,407 @ 7.0% cap · market cap 10.13%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bed & breakfasts

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Big Box & Wholesale Store Garden Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 31632, GA

14,053

Population

5,932

Households

2.4

Avg Household Size

36

Median Age

35%

College-Educated

93%

High-School Grad

112.4 sq mi

ZIP Area

125

Density / Sq Mi

$81,178

Median Household Income

$43,606

Median Earnings

$984

Median Rent

$250,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Restaurant - Restaurant, tavern, and event venue with acreage for sale.

Where is this restaurant located?

The property is located at 7495 Union Rd Hahira, 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: 49.539 acres with **2500' frontage on I‑75**, offering high visibility and accessibility.; Former Wine Tasting / Restaurant / Tavern / Event Venue with existing infrastructure and F/F/E included.; Unique **6437 sf building under roof** with a large bar, dining room, kitchen, and ample outdoor space.