3997 Lake Sinclair Dr Sparta, GA 31087
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RESIDENTIAL · Sparta, GASparta. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.