508 16th St Alma, GA 31510-3000
Property summary
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.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · Alma, GAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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