2955 J Warren RdCornelia, GA 30531

Property Details for 2955 J Warren Rd

Year built

1947

Construction

FRAME

Lot size

0.70 AC

Property size (Sq ft)

2,160 SF

Zone code

HB

Property type

Retail properties

Property subtype

Turn key restaurants

APN

083 016

APU

83016

Description

This exceptional 2,160 square foot commercial property, situated on a 0.7-acre lot at 2955 J Warren Road in Cornelia, Georgia, presents a unique investment opportunity. Known for its long-standing presence in the community (nearly two decades), this building is ideally suited for a variety of commercial ventures. Previously operating as a restaurant, it's ready for immediate occupancy and offers the potential for a seamless transition into a new establishment – perhaps a steakhouse, BBQ joint, or even a commercial office space. Its strategic location, just an eighth of a mile from Highway 441, ensures high visibility and accessibility, capitalizing on the area's consistent growth and heavy traffic volume. The property's potential is further enhanced by the availability of 100% owner-occupancy commercial financing options, making it an attractive proposition for entrepreneurs and investors alike. The building's existing infrastructure provides a solid foundation for a new business, minimizing initial setup costs and allowing for a quick start. This is a rare chance to acquire a well-established property in a thriving location with significant growth potential. Don't miss this opportunity to establish your business in a prime Cornelia location. The property is offered at $529,900.

• CAP approach

  CAP return

  Valuation

  6%

  $557,232

  6.5%

  $514,368

  7%

  $477,628

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,061,751

  Geo Method

  $1,061,751

• Alternative Use

  Use

  Valuation

  Residential

  $433,889

  Hospitality

  $397,440

  Educational

  $330,665

  Medical

  $342,037

  Retail

  $514,368

Location Insight

City

Cornelia

County

Habersham

State

Georgia

Latitude

34.5391

Longitude

-83.5421

CBSA code

18460

CBSA name

CORNELIA, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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