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Property profile & analytics
OFF-MARKET
Turn key restaurants

116 Broad St Monroe, GA 30655-1842

4,844 SF 0.06 ac lot Built 1920
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US22-4040271
Property summary
AI-generated overview

This exceptional mixed-use property, located at 116 S Broad Street in the heart of Monroe, GA, presents a unique investment opportunity. Situated directly across from the Historic Monroe Courthouse, this prominent building boasts high visibility and benefits from the bustling activity of downtown Monroe. The 0.28-acre lot offers significant potential for a variety of uses, including retail, restaurant, or other commercial ventures. The building's central location places it amidst a vibrant collection of established businesses, including The Roe, Rinse Co., Addison's Wonderland, The Brown Fig, The Monroe Mercantile, Scoops, The Blue Rooster, LR Burger, Strange Taco, and High Voltage Wings, ensuring high foot traffic and exposure. Downtown Monroe's thriving atmosphere is further enhanced by numerous community events, such as the Annual Car Show, Fall Festival, Monroe Blooms Festival, First Friday Summer Concerts, and Seasonal Parades, attracting upwards of 10,000 attendees at many of these events. This active community, supported by a dedicated Development Authority, provides a strong foundation for business success. The lease rate is flexible and will be determined based on the tenant's specific build-out requirements and intended use of the space. This historic building offers an unparalleled chance to establish a thriving business in a vibrant and supportive downtown environment. The monthly lease rate varies depending on the square footage needed.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Total area 4,844 SF
Lot 0.06 ac (2,614 SF)
Zoning code B2
APN M0140-157-A
UPID US22-4040271
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
Current use
Occupant on record · Public records
  • Monroe Police Department Administration Police Department
  • TACOS - N - BEER BAR AND GRILL Restaurant
  • Tacos-N-Beer Bar & Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
ANT SAVINGS CORP
ANT SAVINGS CORP
Zoning & alternative use
B2 · Monroe, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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