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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

3840 Ga-42 Locust Grove, GA 30248

6,360 SF 0.11 ac lot Built 1902
Property ID
Property summary
AI-generated overview

This bank-owned, two-story commercial property in Locust Grove, Georgia offers 6,360 square feet of versatile space, ideal for owner-users or investors. Located on Highway 42, this prime location boasts high visibility and ample street parking. The building, originally constructed in 1902 and extensively renovated in 2018, seamlessly blends historic charm with modern amenities. The first floor features a spacious open floor plan, a fully equipped commercial kitchen, bar area, restrooms, and a back patio. A beautiful wooden staircase leads to the second floor, offering additional open space, an office/storage/changing room, and a bathroom with a shower. Both floors benefit from abundant natural light thanks to numerous front-facing windows. The property is zoned C2, allowing for diverse commercial uses. The asking price is $900,000, with a pro-forma NOI of $101,760 and a pro-forma cap rate of 8.00%. Existing restaurant equipment is included. The 0.11-acre lot provides ample space, and the property's APN is L02--07-001-000. This is a rare opportunity to acquire a turnkey restaurant and retail space in a high-demand location. The property's size, location, and existing improvements make it an attractive investment for a variety of commercial ventures.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1902
Total area 6,360 SF
Lot 0.11 ac (4,792 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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