Technical
Financial
Distress signals
Property profile

123 Van Wert St Buchanan, GA 30113

FOR SALE
Office Spaces
Property ID
US22-0084077
7,650 SF 0.11 ac lot Built 1945
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 7,500+ square foot wedding venue in Buchanan, Georgia, presents a rare investment opportunity. Situated on a 0.17-acre lot, the property boasts beautifully landscaped gardens providing a picturesque setting for both intimate and large-scale events. The venue's spacious indoor and outdoor areas create a romantic ambiance ideal for weddings, receptions, and other special gatherings. The property is designed to seamlessly accommodate a variety of event sizes and styles, offering a turnkey operation with significant potential for revenue generation. Its convenient location ensures easy access for guests, enhancing the overall experience. The property is fully equipped and ready for immediate use, eliminating the need for extensive renovations or upgrades. This is a unique chance to acquire an established and successful event space with proven appeal and a strong reputation. The property's inherent charm and functionality make it an attractive investment for those seeking a profitable venture in the thriving event industry. All necessary infrastructure is in place, ensuring a smooth and efficient operation. This turnkey operation offers immediate income potential and a strong return on investment. The property's exceptional features and prime location combine to create a truly remarkable opportunity.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1945
Total area 7,650 SF
Lot 0.11 ac (4,792 SF)
Zoning code 1
APN BU05 -0008
UPID US22-0084077

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service
  • Insurance Agency
  • Counselor

Location

123 Van Wert St Buchanan, GA 30113
Buchanan metro Census 10303 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2021
Last sale
$132,500
6 recorded transactions
2021
Price N/A
2021
$132,500
2015
Price N/A
2007
$90,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

1 · Buchanan, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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