1380 Cedar Grove RdConley, GA 30288

Property Details for 1380 Cedar Grove Rd

Year built

2000

Lot size

0.71 AC

Property size (Sq ft)

3,058 SF

Zone code

X

Property type

Turn key restaurants

APN

15 018 03 006

APU

1501803006

Description

This 3,058 square foot, vacant fast-food restaurant building in Conley, Georgia presents a unique investment opportunity. Located at 1380 Cedar Grove Rd, this property is situated in a high-traffic area near the intersection of Moreland Avenue and I-285, within DeKalb County's unincorporated area. Previously a Wendy's franchise, the building is in excellent condition and features existing grease traps and vent hoods, significantly reducing start-up costs. The property is zoned "M" and sits on a 30,928 square foot lot (APN: 15 018 03 006). The asking price is $675,000. While currently vacant, this turnkey solution is ideal for owner-operators seeking a quick-service restaurant location. The building was constructed in 2000. Moreland Avenue boasts a daily traffic count of 28,200 vehicles, just north of the Cedar Grove Road intersection. Although currently under construction, the Cedar Grove Road bridge is projected to reopen in Spring 2025, with an estimated 11,000 vehicles per day anticipated afterward, according to the Georgia Department of Transportation. This property offers significant potential for a thriving fast-food or quick-service restaurant business. The property is offered as an owner/user investment.

• CAP approach

  CAP return

  Valuation

  6%

  $571,770

  6.5%

  $527,788

  7%

  $490,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,503,164

  Geo Method

  $1,503,164

• Alternative Use

  Use

  Valuation

  Residential

  $445,209

  Hospitality

  $407,809

  Educational

  $339,292

  Medical

  $350,961

  Retail

  $527,788

Location Insight

City

Conley

County

Dekalb

State

Georgia

Latitude

33.6579

Longitude

-84.3338

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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