Technical
Financial
Distress signals
Property profile

1477 Virginia Ave Atlanta, GA 30337

OFF-MARKET
Turn key restaurants
Property ID
US22-1552842
8,439 SF 1.59 ac lot Built 1974
Entity Owned 12-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

1477 Virginia Ave Atlanta, GA 30337-2205
Atlanta metro Census 12300 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2013
3 recorded transactions
2019
Price N/A
2013
Price N/A
2013
Price N/A

Zoning & alternative use

CL · Atlanta, 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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