1065 Big A RdToccoa, GA 30577

Property Details for 1065 Big A Rd

Year built

1994

Lot size

1.40 AC

Property size (Sq ft)

4,700 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional redevelopment opportunity presents a 4,700-square-foot vacant freestanding restaurant building situated on a 1.4-acre lot in Toccoa, Georgia. Located at 1065 Big A Rd, this Class B property boasts high visibility with a daily traffic count of 25,973 vehicles. The building, constructed in 1994, offers ample parking (approximately 88 spaces, or 18.7 per 1,000 square feet) and is zoned B-II, allowing for a variety of commercial uses. The property features easy access to I-85, within a 15-minute drive. Previously occupied by an Applebee's, this space presents a unique chance for conversion, including the potential addition of a drive-thru lane and subdivision. The asking price is $999,000, representing a price per square foot of $212.55 and a pro-forma cap rate of 12.23%. The property's pro-forma net operating income (NOI) is $122,200. The building is vacant as of August 31, 2022, and includes existing fixtures and equipment. This is an owner-user or investment opportunity.

Location Insight

City

Toccoa

County

Stephens

State

Georgia

Latitude

34.5662

Longitude

-83.2995

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