3840 Ga-42 Locust Grove, GA 30248
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 3840 Ga-42
- Year built
- 1902
- Lot size
- 0.11 lot acres
- Property size
- 6,360 SF
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
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
- Locust Grove
- County
- Henry
- State
- Georgia
- Longitude
- -84.1102
- Latitude
- 33.3472
