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    3997 Lake Sinclair Dr Sparta, GA 31087

    For Sale
    $399,900

    Turn-key restaurant, immediate opening.

    Property size:
    3,217 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial property, located at 3997 Lake Sinclair Drive, Sparta, GA 31087, presents a unique investment opportunity. The 3,217 square foot building sits on over an acre of land and is currently operating as the well-known Elmo's Red Bar & Grill. The sale includes all commercial equipment necessary for immediate operation, encompassing tables, chairs (indoor and outdoor), freezers, refrigerators, coolers, a pizza oven, and ample tableware. The property features a large bar, an indoor dining room, and an expansive outdoor deck with a bar and open seating area. An entertainment stage is ideal for live music, karaoke, or other events. Additional features include three upstairs bathrooms, a lower-level room (suitable for storage, a game room, or even an apartment) with a bathroom, washer, and dryer, and a sizable concrete parking lot. This turnkey operation is ready for a new owner to continue serving the thriving Lake Sinclair community. The property's established reputation and comprehensive equipment package make this an attractive proposition for a seasoned restaurateur or a first-time business owner seeking a ready-made enterprise. This is a chance to own a successful business in a growing area.

    Property Features for 3997 Lake Sinclair Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    3,217 SF

    HighLights

    • $399,900 asking price.
    • 3,217 square foot industrial warehouse on over an acre.
    • Located at 3997 Lake Sinclair Drive, Sparta, GA 31087.
    • Turnkey commercial property, currently operating as Elmo's Red Bar & Grill.
    • Includes all commercial equipment, furniture, and fixtures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Hotel & Motel Storage Facility Convenience Store Bed & Breakfast Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    HANCOCK
    State
    Georgia
    Longitude
    -83.2172001
    Latitude
    33.2173273

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    FAQs

    What type of property is this?
    Distribution property - Turn-key restaurant, immediate opening.
    Where is this distribution property located?
    The property is located at 3997 Lake Sinclair Dr Sparta, GA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: $399,900 asking price.; 3,217 square foot industrial warehouse on over an acre.; Located at 3997 Lake Sinclair Drive, Sparta, GA 31087.
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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
    3997 Lake Sinclair Dr Sparta, GA 31087
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