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Property profile & analytics
OFF-MARKET
Turn key restaurants

1477 Virginia Ave Atlanta, GA 30337-2205

8,439 SF 1.59 ac lot Built 1974
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US22-1552842
Property summary
AI-generated overview

This exceptional opportunity presents a thriving, freestanding bar and pizzeria in College Park, Georgia. Located at 1477 Virginia Ave, this established business boasts 8,400 square feet on a nearly two-acre lot, providing ample space for its 160-person seating capacity, including a 24-seat bar and 75 outdoor seats. The property includes 147 parking spaces, ensuring convenient access for patrons. The business benefits from a strong, existing management team guaranteeing a smooth transition for the new owner. Detailed financial records, including tax returns, are available for review. A recent appraisal valued the real estate alone at nearly $4,000,000. This turnkey operation is offered at $595,000 with a long-term lease option at $19,000 per month, or for $4.5 million including the real estate. The property is situated in a high-traffic area, making it an attractive investment with significant potential for continued growth and profitability. The business enjoys a strong reputation and loyal customer base, making it a desirable acquisition for experienced restaurateurs or investors seeking a well-established, high-performing establishment. The sale includes all necessary equipment and fixtures. This is a rare opportunity to acquire a successful, established business with significant real estate value in a prime location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1974
Construction WOOD
Total area 8,439 SF
Lot 1.59 ac (69,435 SF)
Zoning code CL
APN 14 013000120588
UPID US22-1552842
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
  • Mellow Mushroom College Park 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
Cnl Apf Partners LP · 12 yrs held
Cnl Apf Partners LP
since 2013
3 recorded transactions
2019
Price N/A
2013
Price N/A
2013
Price N/A
Zoning & alternative use
CL · Atlanta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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