508 16th St, Alma, GA 31510-3000
This exceptional commercial property, located at 508 16th St. in Alma, Georgia, presents a unique investment opportunity. The 3000 square foot building sits on a 0.48-acre lot and offers a diverse range of established businesses under one roof. One side of the building houses a fully equipped restaurant, ready for immediate operation or customization to suit a new concept. The other side currently functions as a successful used car lot and barbershop, providing established income streams and diverse clientele. Both units are equipped with central heating and air conditioning, ensuring year-round comfort for both tenants and customers. The property's versatile layout and existing businesses create a strong foundation for continued success and potential for future expansion. This is an ideal investment for an entrepreneur seeking a multi-faceted business venture or an investor looking for a high-yield property with established tenants. The asking price is $400,000. This turnkey operation offers immediate income potential and significant upside. Don't miss this chance to acquire a well-established and profitable commercial property in a thriving community. Schedule a viewing today to explore the possibilities.
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
COMMERCIAL · Alma, GAAlma. 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.