Property profile

2201 Savoy Dr Atlanta, GA 30341

OFF-MARKET
Turn key restaurants
Property ID
US22-0594467
2,182 SF 0.28 ac lot Built 1969
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This thriving Thai restaurant, Wild Ginger Thai Cuisine, presents a unique investment opportunity in the bustling Chamblee, GA area. Located at 2201 Savoy Dr, this freestanding, 2,200 square foot establishment boasts prime visibility on Hwy-285, just minutes from major thoroughfares like Dunwoody and Spaghetti Junction, and close proximity to Perimeter Mall, Buckhead, and Sandy Springs. Built in 2006, the restaurant features a 50-seat dining room and a 4-seat bar, along with dedicated pylon signage ensuring high visibility. The business has been under the same ownership since its inception, demonstrating consistent success and operational stability. Financial records indicate 2023 gross sales of $450,000 and a net profit of $150,000 (including owner salaries and add-backs). Projections for 2024 mirror the previous year's performance. The sale includes a fully staffed operation with owner support and training provided for a smooth transition. The asking price is $300,000, with owner financing available. This property offers a compelling opportunity to acquire a well-established business with significant growth potential in a high-traffic location. The restaurant's menu specializes in Thai classics, curries, and other Pan-Asian fare, catering to both dine-in and delivery customers.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1969
Construction WOOD FRAME
Total area 2,182 SF
Lot 0.28 ac (12,371 SF)
Zoning code X
APN 18 343 13 003
UPID US22-0594467

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

2201 Savoy Dr Atlanta, GA 30341-1217
Atlanta metro Census 21301 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

Zoning & alternative use

X · 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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