101 Gtm PkwyRockmart, GA 30153

Property Details for 101 Gtm Pkwy

Year built

1995

Lot size

1.12 AC

Property size (Sq ft)

4,900 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

054-139M

APU

054139M

Description

This exceptional business opportunity encompasses a thriving liquor store, a recently constructed building, and a sizable land parcel totaling 1.12 acres. Located at 101 GTM Parkway in the heart of Rockmart, Georgia, this property boasts high visibility and significant traffic counts, ensuring consistent customer flow. The 9,900 square foot building, constructed in 2023, includes a main liquor store area and substantial upstairs space ideal for office use. An attached building, currently leased as retail space, generates a monthly income of $2,600. The business itself demonstrates strong financial performance, with July 2023 gross sales reaching approximately $73,000 and exhibiting consistent growth since its opening in late October 2023. The current inventory is valued at approximately $400,000 and is sold separately from the building and land. The property's value is further enhanced by its location within a rapidly developing area of Rockmart. A 500-home subdivision is planned, and new commercial developments, including a Longhorn Steakhouse and a Dunkin' Donuts, are underway, promising continued growth and increased foot traffic. The building itself has received an independent appraisal of $2,500,000, excluding inventory. This turnkey operation presents a rare opportunity to acquire a profitable, established business with significant growth potential. The asking price for the building, land, and business is $2,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,523,466

  6.5%

  $1,406,276

  7%

  $1,305,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,011,366

  Geo Method

  $2,408,601

• Alternative Use

  Use

  Valuation

  Residential

  $1,186,247

  Hospitality

  $1,086,596

  Educational

  $904,035

  Medical

  $935,126

  Retail

  $1,406,276

Location Insight

City

Rockmart

County

Polk

State

Georgia

Latitude

34.0123

Longitude

-85.0461

CBSA code

16340

CBSA name

CEDARTOWN, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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