3840 Ga-42 Locust Grove, GA 30248
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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