Technical
Financial
Distress signals
Property profile

2955 J Warren Rd Cornelia, GA 30531

OFF-MARKET
Turn key restaurants
Property ID
US22-4376747
2,160 SF 0.7 ac lot Built 1947
Individually Owned 17-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,160 square foot commercial property, situated on a 0.7-acre lot at 2955 J Warren Road in Cornelia, Georgia, presents a unique investment opportunity. Known for its long-standing presence in the community (nearly two decades), this building is ideally suited for a variety of commercial ventures. Previously operating as a restaurant, it's ready for immediate occupancy and offers the potential for a seamless transition into a new establishment – perhaps a steakhouse, BBQ joint, or even a commercial office space. Its strategic location, just an eighth of a mile from Highway 441, ensures high visibility and accessibility, capitalizing on the area's consistent growth and heavy traffic volume. The property's potential is further enhanced by the availability of 100% owner-occupancy commercial financing options, making it an attractive proposition for entrepreneurs and investors alike. The building's existing infrastructure provides a solid foundation for a new business, minimizing initial setup costs and allowing for a quick start. This is a rare chance to acquire a well-established property in a thriving location with significant growth potential. Don't miss this opportunity to establish your business in a prime Cornelia location. The property is offered at $529,900.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1947
Construction FRAME
Total area 2,160 SF
Lot 0.7 ac (30,492 SF)
Zoning code HB
APN 083 016
UPID US22-4376747

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

2955 J Warren Rd Cornelia, GA 30531-5337
Cornelia metro Census 502 CORNELIA, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2009
3 recorded transactions
2009
Price N/A
2009
$185,000
2008
$401,091

Zoning & alternative use

HB · Cornelia, GA
Zoning description

disturbance permit or building permit in the HB district. Site plans shall be certified by a Georgia licensed engineer or surveyor and shall, at a minimum, show: - A field run topographic survey with a maximum contour of…

General category COMMERCIAL

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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