102 Hill StGriffin, GA 30223

Property Details for 102 Hill St

Year built

1910

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

1,150 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Retail space

APN

013 -34-011

APU

1334011

Description

This exceptional opportunity presents the chance to acquire a thriving Greek-Italian restaurant and pizzeria in historic downtown Griffin, Georgia. Located at 102 N Hill St, this established business boasts 1,100 square feet of space, seating for 57 patrons, and a fully equipped kitchen capable of handling any volume and cuisine. The restaurant has operated under the same ownership since 2008, consistently demonstrating profitability. 2022 gross sales reached $522,529.93, with a net profit of $123,252.10, operating only five days a week and without delivery services. 2023 projections mirror 2022's performance. The sale includes the business name, recipes, existing loyal staff, and the building itself. The current owner is retiring, offering free training to ensure a smooth transition. The property is priced at $595,000, encompassing the business and real estate. The restaurant currently serves beer and wine and is situated in the Atlanta metropolitan area. The current short hours (closed Saturdays and Sundays, plus a one-month summer closure for owner vacation) present a significant opportunity to increase revenue by expanding operating hours. Detailed financial records are available upon request. This turnkey operation is ideal for an experienced restaurateur seeking a profitable, established business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $215,021

  6.5%

  $198,481

  7%

  $184,304

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,284

  Geo Method

  $565,284

• Alternative Use

  Use

  Valuation

  Residential

  $167,426

  Hospitality

  $153,362

  Educational

  $127,595

  Medical

  $131,983

  Retail

  $198,481

Location Insight

City

Griffin

County

Spalding

State

Georgia

Latitude

33.2489

Longitude

-84.2635

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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