1065 Big A Rd Toccoa, GA 30577
- Retail properties
- 4,700 SF
- 1.40 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1065 Big A Rd
- Year built
- 1994
- Lot size
- 1.40 lot acres
- Property size
- 4,700 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional redevelopment opportunity presents a 4,700-square-foot vacant freestanding restaurant building situated on a 1.4-acre lot in Toccoa, Georgia. Located at 1065 Big A Rd, this Class B property boasts high visibility with a daily traffic count of 25,973 vehicles. The building, constructed in 1994, offers ample parking (approximately 88 spaces, or 18.7 per 1,000 square feet) and is zoned B-II, allowing for a variety of commercial uses. The property features easy access to I-85, within a 15-minute drive. Previously occupied by an Applebee's, this space presents a unique chance for conversion, including the potential addition of a drive-thru lane and subdivision. The asking price is $999,000, representing a price per square foot of $212.55 and a pro-forma cap rate of 12.23%. The property's pro-forma net operating income (NOI) is $122,200. The building is vacant as of August 31, 2022, and includes existing fixtures and equipment. This is an owner-user or investment opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toccoa
- County
- Stephens
- State
- Georgia
- Longitude
- -83.2995
- Latitude
- 34.5662
