120 Columbia DrCarrollton, CA 30117

Property Details for 120 Columbia Dr

Year built

1977

Construction

CONCRETE BLOCKS

Lot size

0.72 AC

Property size (Sq ft)

4,800 SF

Zone code

M1

Property type

Bars

Property subtype

Pubs

APN

C02-043-0099

APU

C020430099

Description

This exceptional restaurant opportunity in Carrollton, CA, presents a turnkey operation for aspiring restaurateurs. Located at 120 Columbia Dr, this 4,800 square foot free-standing building boasts high visibility and significant foot traffic, situated in a thriving commercial district. The property is currently operating as Rocky's Bar and Grill, offering a proven track record and established clientele. The 9-year net lease provides financial stability and predictability, with a monthly rent of $3,500. The property's prime location in Carrollton, GA, benefits from proximity to the Carrollton Cultural Arts Center and the University of West Georgia, ensuring a consistent flow of potential customers. This turnkey restaurant presents a rare opportunity to acquire an established business in a high-traffic area, offering immediate revenue generation and significant growth potential. The building's design and layout are well-suited for a variety of restaurant concepts, allowing for customization and adaptation to suit individual business needs. The asking price is $250,000, representing a compelling investment opportunity in a vibrant and growing community. This is an ideal opportunity for experienced restaurateurs or those seeking to enter the hospitality industry with a proven business model.

• CAP approach

  CAP return

  Valuation

  6%

  $1,061,351

  6.5%

  $979,709

  7%

  $909,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,294,778

  Geo Method

  $2,359,446

• Alternative Use

  Use

  Valuation

  Residential

  $826,421

  Hospitality

  $756,997

  Educational

  $629,813

  Medical

  $651,473

  Retail

  $979,709

Location Insight

City

Carrollton

County

Carroll

State

Georgia

Latitude

33.591

Longitude

-85.0994

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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