2607 Lawrenceville HwyDecatur, GA 30033

Property Details for 2607 Lawrenceville Hwy

Year built

1964

Lot size

0.94 AC

Property size (Sq ft)

1,680 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

18 146 04 004

APU

1814604004

Description

This thriving Decatur, Georgia restaurant and bar is available for purchase at $115,000. Located at 2607 Lawrenceville Hwy, this freestanding, 2,200 square foot establishment boasts 62 interior seats, 12 bar seats, and an additional 12 seats on the outdoor patio. Established in 2015, the business operates as a fully equipped, staffed, turnkey operation, offering immediate potential for the new owner. The current lease includes a monthly rent of $3,500 all-inclusive, with an option to renew. Financial records are available for review during due diligence. The current owner serves as the General Manager and Executive Chef, overseeing a staff of six employees. The property is situated in a vibrant commercial area alongside a cannabis dispensary, seafood market, and coffee shop, creating a diverse and attractive tenant mix. This presents a unique opportunity to acquire an established business with significant potential for continued success or conversion to another concept. The property is located in DeKalb County, Georgia, zip code 30033.

• CAP approach

  CAP return

  Valuation

  6%

  $530,628

  6.5%

  $489,810

  7%

  $454,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $825,806

  Geo Method

  $825,806

• Alternative Use

  Use

  Valuation

  Residential

  $413,173

  Hospitality

  $378,465

  Educational

  $314,878

  Medical

  $325,707

  Retail

  $489,810

Location Insight

City

Decatur

County

Dekalb

State

Georgia

Latitude

33.8229

Longitude

-84.2618

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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