51 Earnest StBlairsville, GA 30512

  • Strip malls
  • 12,608 SF
For Sale
$189,900 View listing

Property Details for 51 Earnest St

Year built
1975
Construction
TYPE NOT SPECIFIED
Lot size
1.32 AC
Property size (Sq ft)
12,608 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
B02 049
APU
B02049

Description

This exceptional turnkey restaurant opportunity is located at 51 Earnest Street in the charming town of Blairsville, Georgia. Nani's Restaurant, established in 2007, has built a strong reputation and loyal customer base within the community. The restaurant boasts a spacious interior with seating for up to 90 patrons, making it ideal for both regular dining and larger events. The property sits on a 1.32-acre lot, providing ample space for potential expansion or outdoor seating. The sale includes all existing restaurant equipment, ensuring a seamless transition for the new owner. The 2,650 square foot building is fully equipped and ready for immediate operation. This is a rare chance to acquire a well-established, profitable business in a desirable location. The restaurant's unique Cuban-Rican cuisine offers a distinct culinary experience, attracting a diverse clientele. This presents a significant opportunity for an experienced restaurateur or a savvy investor looking for a proven business model in a growing market. Serious inquiries only. A confidential agreement must be signed prior to viewing the property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,252,586
    6.5%
    $3,002,387
    7%
    $2,787,931
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,197,478
    Geo Method
    $6,197,478
  • Alternative Use

    Use
    Valuation
    Residential
    $2,532,626
    Hospitality
    $2,319,872
    Educational
    $1,930,106
    Medical
    $1,996,485
    Retail
    $3,002,387

Location Insight

City
Blairsville
County
Union
State
Georgia
Latitude
34.874
Longitude
-83.9624

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,751
$227,680
$235,256
$462,936
-
$569,200
$588,140
$1,157,340

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