Bank-Owned Two-Story Restaurant & Retail 3840 Highway 42

3840 Highway 42 , Locust Grove, Georgia, 30248 | 6,360 sq.f | $ 1,070,000

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About This Restaurant

Investment Highlights

?6,360 SF, two-story retail/restaurant opportunity. Zoned C2 for versatile commercial use. Prime location on Highway 42 for high visibility. Spacious interior layout for flexible use. Renovated in 2018, maintaining historic charm. Ideal for retail or restaurant investment. Abundant street parking. Modern amenities with historic ambiance. Existing restaurant equipment included.

Executive Summary

Opportunity to acquire a two-story, ?6,360 SF, turnkey restaurant and retail building with a fully-equipped commercial kitchen and ample FF&E. This rare opportunity provides investors, owner-users, or tenants the opportunity to enter the extremely limited-supply of available restaurant space in Locust Grove, GA. Located on busy Locust Grove Main Street in Central Locust Grove, the property is ideal for those looking to take advantage of the superior visibility and foot traffic.The first floor features a large open floorplan, kitchen, bar, washroom, back heated patio, two restrooms, and a small stage in the ?dining room?. Gain access to the second floor by taking the beautiful wooden staircase located towards the front of the building where awaits is more open space, an office/storage room/changing room, and one bathroom with a shower. Both floors also feature multiple windows located at the front of the building allowing for an abundance of natural light to enter the property.

Property Details

  • Sale Type    Investment or Owner User
  • Sale Conditions    Distress Sale Distress Sale REO Sale Distress Sale
  • Property Type    Retail
  • Property Subtype    Storefront Storefront General Retail Convenience Store General Retail Restaurant General Retail Storefront Retail/Office Storefront
  • Building Size    6,360
  • Building Class    C
  • Year Built    1902
  • Price    1,070,000
  • Price Per SF    168
  • Cap Rate    8.93
  • NOI    95,553
  • Tenancy    Single
  • Building Height    2 Stories
  • Building FAR    1.33
  • Land Acres    0.11 AC

Amenities

  • Restaurant
  • Signage

Nearby Amenities & Transportation

Retail Ingles
Retail Starbucks
Retail Shane's Rib Shack
Retail United Community Bank
Retail Ameris Bank
Retail Chase
Retail Denny's
Retail Smashburger
Retail Waffle House
Retail Huddle House

Property Taxes

Parcel Number 0L02-07-001-000 Improvements Assessment $19,200
Land Assessment $234,880 Total Assessment $254,080
Date Created: 2024-07-16 04:13:35 Last Updated: 2024-07-16 04:13:35
Address: 3840 Highway 42 , Locust Grove, Georgia, 30248