For Sale
$900,000

3840 Ga-42Locust Grove, GA 30248

Turnkey Restaurant, Retail Space, GA

Overview

Added:
Dec 11, 2024
Days on market:
115
This bank-owned, two-story commercial property in Locust Grove, Georgia offers 6,360 square feet of versatile space, ideal for owner-users or investors. Located on Highway 42, this prime location boasts high visibility and ample street parking. The building, originally constructed in 1902 and extensively renovated in 2018, seamlessly blends historic charm with modern amenities. The first floor features a spacious open floor plan, a fully equipped commercial kitchen, bar area, restrooms, and a back patio. A beautiful wooden staircase leads to the second floor, offering additional open space, an office/storage/changing room, and a bathroom with a shower. Both floors benefit from abundant natural light thanks to numerous front-facing windows. The property is zoned C2, allowing for diverse commercial uses. The asking price is $900,000, with a pro-forma NOI of $101,760 and a pro-forma cap rate of 8.00%. Existing restaurant equipment is included. The 0.11-acre lot provides ample space, and the property's APN is L02--07-001-000. This is a rare opportunity to acquire a turnkey restaurant and retail space in a high-demand location. The property's size, location, and existing improvements make it an attractive investment for a variety of commercial ventures.

Highlights

  • 6,360 SF two-story retail/restaurant space.
  • 2018 renovation preserving historic character.
  • C2 zoning allows diverse commercial uses.
  • High-visibility location on Highway 42.
  • Excellent retail or restaurant investment opportunity.
  • Ample street parking available.

Property Details for 3840 Ga-42

Property type
Retail properties, Restaurants
Square Feet
6,360 SF
Year Built/Renovated
1902/2018
Buildings
1
Stories
2
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Locust Grove
County
Henry
State
Georgia
Latitude
33.3471559
Longitude
-84.1101547
3840 Ga-42, Locust Grove, Georgia

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3840 Ga-42
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