313 Mcfarland Ave Rossville, GA 30741
- Commercial real estate
- 5,609 SF
- 0.79 lot acres
Current Use by Public Records
- Calliope / Restaurant
- Calliope Restaurant / Restaurant
Property Details for 313 Mcfarland Ave
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.79 lot acres
- Property size
- 5,609 SF
- Zone code
- C1
- Property type
- Commercial real estate
- APN
- 2003 063
- APU
- 2003063
Description
This exceptional investment opportunity presents a fully leased, 4,468 square foot free-standing multi-tenant building situated on a 0.79-acre lot in the heart of Rossville, Georgia. The property, built in 1948 and extensively renovated in 2021, boasts a prime location with high visibility. The building comprises approximately 3,000 square feet of restaurant space and 1,400 square feet of retail space, all currently under lease. The restaurant area features a complete kitchen, all necessary restaurant equipment, a large walk-in cooler, and two restrooms (one ADA compliant). Ample parking is available, complemented by a desirable outdoor patio area situated alongside a creek. The property is zoned C1 and features a single-story building on a lot identified by APN 2003 063. This turnkey operation offers a strong return on investment with its established tenant base and desirable amenities. The asking price is $879,000, translating to $196.73 per square foot. This is a rare chance to acquire a thriving commercial property in a vibrant Georgia community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $80,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $55,000
- 6.5%
- $55,000
- 7%
- $55,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $55,000
- Geo Method
- $55,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $60,000
- Retail
- $55,000
- Mixed-Use
- $50,000
- Hospitality
- $60,000
- Educational
- $55,000
- Residential Income
- $55,000
- Energy
- $60,000
- Income-Based Land
- $65,000
- Food Service
- $50,000
Location Insight
- Map
- Local Demand
- City
- Rossville
- County
- Walker
- State
- Georgia
- Longitude
- -85.2885
- Latitude
- 34.9819
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
