7322 Stonecrest ConcourseStonecrest, GA 30038

Property Details for 7322 Stonecrest Concourse

Year built

2003

Lot size

1.29 AC

Property size (Sq ft)

5,192 SF

Zone code

C1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

16 170 01 043

APU

1617001043

Description

This exceptional restaurant opportunity in Stonecrest, Georgia, presents a freestanding building on a 1.3-acre lot, ideally situated just minutes from Downtown Atlanta and 3 minutes from I-20. The 5,192 square foot building, constructed in 2003, boasts a spacious interior perfect for creating a thriving dining establishment. The property includes 73 dedicated parking spaces and an attractive patio area for outdoor dining. The fully equipped interior features a large bar area with 20 tap lines, along with existing tables and chairs, allowing for immediate operation. This turnkey opportunity benefits from high visibility and convenient access, previously housing successful restaurants including a soul food establishment and Buffalo Wild Wings. The asking price is $2,200,000. The property is zoned for restaurant and bar use. This is a rare chance to acquire a well-established location with significant potential in a high-traffic area of Dekalb County, GA, zip code 30038. The address is 7322 Stonecrest Concourse.

• CAP approach

  CAP return

  Valuation

  6%

  $1,639,893

  6.5%

  $1,513,748

  7%

  $1,405,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,552,134

  Geo Method

  $2,552,134

• Alternative Use

  Use

  Valuation

  Residential

  $1,276,903

  Hospitality

  $1,169,636

  Educational

  $973,124

  Medical

  $1,006,591

  Retail

  $1,513,748

Location Insight

City

Lithonia

County

Dekalb

State

Georgia

Latitude

33.6959

Longitude

-84.0918

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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