Current Use by Public Records
- Retail properties & Spaces
Property Details for 106 St Marys St
- Year built
- 1992
- Lot size
- 0.28 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional waterfront property in historic downtown St. Marys, Georgia, presents a remarkable investment opportunity. The 7,038 square foot site encompasses two buildings, both boasting direct St. Marys River views. One building houses the established Riverside Cafe, a 20-year local landmark specializing in Greek-American cuisine. The restaurant features 100-person seating, a large riverfront patio, private dining capabilities, upgraded kitchen facilities, and a proven track record with 50,000 covers annually over a five-day work week. The sale includes the ongoing restaurant business. The property's C1 zoning allows for significant expansion. A first floor could incorporate the existing restaurant, retail, and professional spaces, while upper floors offer residential development potential, with up to three additional stories permitted, reaching a maximum height of 45 feet (measured from the base flood elevation). The 0.28-acre lot enjoys high pedestrian traffic and stunning water views. This fee-simple ownership offers a unique blend of established income and substantial future development possibilities. The property was built in 1992 and consists of two, two-story buildings. The asking price is $4,459,000 ($633.56 per square foot).
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Marys
- County
- Camden
- State
- Georgia
- Longitude
- -81.5495
- Latitude
- 30.7208
