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    OFF-MARKET
    Turn key restaurants

    697 Cherry St, Jesup, GA 31545-0801

    2,000 SF 0.58 ac lot Built 1978
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US22-3412470
    Property summary
    AI-generated overview

    This exceptional 2,000 square foot restaurant, situated on a 0.58-acre lot at 697 W Cherry Street in the heart of downtown Jesup, Georgia, presents a unique investment opportunity. Currently operating as an established restaurant, this property boasts a highly desirable location with significant foot traffic and easy accessibility. A key advantage is the expansive parking lot, a rare find in a downtown setting, ensuring ample parking for both staff and customers. The fully equipped commercial kitchen is included in the sale, featuring high-quality, well-maintained appliances ready for immediate use. This turnkey operation eliminates the need for extensive renovations or equipment purchases, allowing for a seamless transition for the new owner. The asking price for this thriving business is $399,000. This represents a rare chance to acquire a profitable, established restaurant in a prime downtown location with all the necessary infrastructure in place. The property's combination of location, equipment, and parking makes it an exceptional value in the competitive Jesup commercial market. This is a truly remarkable opportunity for a discerning entrepreneur or restaurateur seeking a ready-to-operate business in a vibrant and accessible location.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1978
    Total area 2,000 SF
    Lot 0.58 ac (25,265 SF)
    APN J18-6
    UPID US22-3412470
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nang's Thai Restaurant Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Thai Aroi Buffet LLC · 3 yrs held
    Thai Aroi Buffet LLC
    since 2023
    Last sale
    $315,000
    2 recorded transactions
    2023
    $315,000
    2014
    $90,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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