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    1061 Village Park Dr Greensboro, GA 30642

    Sponsored
    For Sale
    $670,000

    Profitable Italian eatery, lease or buy.

    Property size:
    5,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Italian restaurant, located at 1061 Village Park Dr in Greensboro, GA 30642, presents a lucrative investment opportunity. Boasting 5,800 square feet of space, this well-established establishment seats 160 diners, with an additional 28 bar seats and 20 outdoor patio seats. Currently operating Monday through Saturday from 5 PM to 10 PM, the restaurant enjoys a prime location minutes from the Ritz Carlton Reynolds Plantation and Lake Oconee, catering to a high-income demographic. Financial records reveal impressive performance: 2022 gross sales reached $1,324,449 (dinners only), yielding a net profit of $236,699.53. 2023 saw even greater success, with gross sales of $1,469,011 (dinners only) and a net profit of $304,866.77. The current monthly rent for the business is $5,400 all-inclusive, with a new long-term lease negotiable. The business is priced at $670,000, with the real estate available for an additional $1,000,000

    Property Features for 1061 Village Park Dr

    General Information

    Property type
    Restaurants
    Square Feet
    5,800 SF

    HighLights

    • 5,800 square feet.
    • Highly profitable business.
    • Business and real estate available for lease or purchase.
    • Current monthly rent (business only): $5,400 all‑inclusive.
    • New long‑term lease negotiable.
    • Seating capacity: 160 (includes 28 bar seats and 20 outdoor patio seats).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Dental Office Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Greene
    State
    Georgia
    Longitude
    -83.245296
    Latitude
    33.466392

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    FAQs

    What type of property is this?
    Restaurant - Profitable Italian eatery, lease or buy.
    Where is this restaurant located?
    The property is located at 1061 Village Park Dr Greensboro, GA.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: 5,800 square feet.; Highly profitable business.; Business and real estate available for lease or purchase.
    Request Owner's contact information
    1061 Village Park Dr Greensboro, GA 30642
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    Realmo Value Estimation

    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.

    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.

    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
    1061 Village Park Dr Greensboro, GA 30642
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