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Property profile & analytics
FOR SALE
Turn key restaurants

3997 Lake Sinclair Dr Sparta, GA 31087

1,792 SF 0.63 ac lot Built 2004
Individually Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US22-3420756
Property summary
AI-generated overview

This exceptional commercial property, located at 3997 Lake Sinclair Drive, Sparta, GA 31087, presents a unique investment opportunity. The 3,217 square foot building sits on over an acre of land and is currently operating as the well-known Elmo's Red Bar & Grill. The sale includes all commercial equipment necessary for immediate operation, encompassing tables, chairs (indoor and outdoor), freezers, refrigerators, coolers, a pizza oven, and ample tableware. The property features a large bar, an indoor dining room, and an expansive outdoor deck with a bar and open seating area. An entertainment stage is ideal for live music, karaoke, or other events. Additional features include three upstairs bathrooms, a lower-level room (suitable for storage, a game room, or even an apartment) with a bathroom, washer, and dryer, and a sizable concrete parking lot. This turnkey operation is ready for a new owner to continue serving the thriving Lake Sinclair community. The property's established reputation and comprehensive equipment package make this an attractive proposition for a seasoned restaurateur or a first-time business owner seeking a ready-made enterprise. This is a chance to own a successful business in a growing area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Construction WOOD
Total area 1,792 SF
Lot 0.63 ac (27,443 SF)
Zoning code RESIDENTIAL
APN 012A 029
UPID US22-3420756
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ellis N Conkle · 17 yrs held
Ellis N Conkle
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
RESIDENTIAL · Sparta, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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