205 Us-11 Rising Fawn, GA 30738
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Wedding venues
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rising Fawn
- County
- Dade
- State
- Georgia
- Longitude
- -85.551
- Latitude
- 34.7094
