This well-established restaurant and bar, located at 426 E Solomon Street in Griffin, Georgia, presents a unique investment opportunity. The property boasts a substantial 6,050 square feet of space, spread across two buildings situated on a 0.51-acre lot. Built in 1979, the property has been operating successfully for 44 years, offering seating for 225 patrons. The sale includes the buildings, land, and all equipment. Key features include two walk-in coolers and one walk-in freezer, ensuring efficient food storage and preparation. The property benefits from a high-traffic location in downtown Griffin, ensuring excellent visibility and accessibility. The roof was recently replaced in 2023. Financial information will be disclosed during the due diligence period. This turnkey operation is ready for a new owner to continue its legacy of success. The property's zip code is 30223.

Property type Turn key restaurants

Use group RESTAURANT

Year built 1998

Construction WOOD

Total area 6,050 SF

Lot 0.51 ac (22,216 SF)

Zoning code CBD

APN 018 -47-005

UPID US22-4693674

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Restaurant

426 Solomon St Griffin, GA 30223-3339

Griffin metro Census 160900 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

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Comparable Approach Comparable

$622k

Blend (final) Blend

$255k

since 2007

1 recorded transaction

2007

$700,000

Zoning description

It shall be the intent of this zoning district to promote and encourage the development and protect the viability of the downtown commercial area of the city, The regulations which apply within this district are designed…

General category CIVIC_INSTITUTIONAL

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