205 Us-11 Rising Fawn, GA 30738

Property Details for 205 Us-11

Lot size

2.00 lot acres

Property size

5,160 SF

Property type

Wedding venues

Property subtype

Mixed-use properties

Description

This exceptional 5,160 square foot mixed-use property in Rising Fawn, Georgia, presents a lucrative investment opportunity. Located at 205 US-11, Dade County, this two-story building sits on a spacious 2-acre lot, offering significant expansion potential. Recently renovated in 2022, the property boasts a 9.78% cap rate and a strong net operating income (NOI) of $88,000, with an asking price of $900,000 ($174.42/sq ft). Currently operating as a successful event venue, the space is highly rentable, commanding $4,000 per booking. The property features ample indoor and outdoor space, including a large 43x43 foot patio, a fully equipped kitchen, and separate his and her restrooms (each with three stalls). A large dressing room with a half-bath is also included. The property includes 90 parking spaces and is zoned for commercial use. Its prime location, just 30 minutes from downtown Chattanooga, ensures easy accessibility and high visibility. The expansive lot provides ample room for future development, such as adding cabins to further increase revenue streams. This turnkey operation offers immediate income and significant long-term growth prospects. The property is a single-unit building.