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    Specialty properties

    3565 Ga Hwy 85 Hwy, Ellerslie, GA 31807

    4.19 ac lot Built 1940
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property in Ellerslie, Georgia, presents a unique live/work opportunity. Located on a high-traffic section of Highway 85, this 4.19-acre site boasts 680 feet of road frontage and five entrances, ensuring maximum visibility and accessibility. The property includes two buildings: a 4,300 square foot, 1940s farmhouse featuring a renovated 2,300 square foot restaurant/retail space on the lower level and a 1,500 square foot upper level with potential for residential conversion. The upper level has separate rooms ready for remodeling. Recent renovations include an expanded kitchen. Ample outdoor space is ideal for event hosting and catering. The property is zoned C4 commercial, allowing for diverse uses including restaurant, retail, events, or storage. Included are a 1,000-gallon grease trap, 1,500-gallon septic system, two 1,500-gallon aerobic treatment units, a 400-foot drain line, and a 400+ amp electrical service. A separate brick smokehouse with a built-in open-pit grill and chimney is also on the property. The existing restaurant equipment and furnishings are available for separate purchase at $75,000 with a full-price offer. The property's prime location is across from the new 130-acre Ellerslie Park, near Columbus, Fort Moore, and other regional attractions. A transferable beer and wine license is available with approved application. This property offers significant redevelopment potential and a chance to create a thriving business and residence in a high-growth area. The asking price is $1,200,000.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1940
    Lot 4.19 ac (182,516 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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