510 Baxter St Athens, GA 30605-1106
- Commercial real estate
- 2,488 SF
- 0.34 lot acres
Current Use by Public Records
- Pelican's SnoBalls Athens / Dessert Shop
- University Cuts / Barber Shop
Property Details for 510 Baxter St
- Year built
- 1965
- Construction
- STEEL FRAME
- Lot size
- 0.34 lot acres
- Property size
- 2,488 SF
- Zone code
- C-G
- Property type
- Commercial real estate
- APN
- 17-1-C1 E-017
- APU
- 171C1E017
Description
This thriving Pelican's SnoBalls franchise, established in 2019 and located at 510 Baxter St, Athens, GA 30605, presents a unique investment opportunity. The 1,500 square foot restaurant/storefront sits on a 0.34-acre lot (APN: 171C1 E017) and is zoned C-G (Commercial-General). The property boasts a prime location steps from the University of Georgia and Sanford Stadium, less than a mile from downtown Athens. The business generated $205,189.80 in revenue in 2022, with year-over-year increases, and currently operates from late February/early March to Halloween. The asking price is $145,000, which includes equipment valued at $52,704.47 and inventory valued at $7,185.05. The current lease is a gross lease at $2,200 per month, with a one-year renewal option and landlord interest in a longer-term agreement. A $3,800 transfer fee to the franchisor is required, bypassing the typical $20,000 franchise fee. The franchise operates under an 8% royalty on gross sales. This is the only Pelican's SnoBalls in Athens, with the nearest location 21 miles away. Additional financial documents are available upon request.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Clarke
- State
- Georgia
- Longitude
- -83.3841
- Latitude
- 33.9503
- CBSA code
- 12020
- CBSA name
- ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA
