116 Broad StMonroe, GA 30655

Property Details for 116 Broad St

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

4,844 SF

Zone code

B2

Property type

Turn key restaurants

APN

M0140-157-A

APU

M0140157A

Description

This exceptional mixed-use property, located at 116 S Broad Street in the heart of Monroe, GA, presents a unique investment opportunity. Situated directly across from the Historic Monroe Courthouse, this prominent building boasts high visibility and benefits from the bustling activity of downtown Monroe. The 0.28-acre lot offers significant potential for a variety of uses, including retail, restaurant, or other commercial ventures. The building's central location places it amidst a vibrant collection of established businesses, including The Roe, Rinse Co., Addison's Wonderland, The Brown Fig, The Monroe Mercantile, Scoops, The Blue Rooster, LR Burger, Strange Taco, and High Voltage Wings, ensuring high foot traffic and exposure. Downtown Monroe's thriving atmosphere is further enhanced by numerous community events, such as the Annual Car Show, Fall Festival, Monroe Blooms Festival, First Friday Summer Concerts, and Seasonal Parades, attracting upwards of 10,000 attendees at many of these events. This active community, supported by a dedicated Development Authority, provides a strong foundation for business success. The lease rate is flexible and will be determined based on the tenant's specific build-out requirements and intended use of the space. This historic building offers an unparalleled chance to establish a thriving business in a vibrant and supportive downtown environment. The monthly lease rate varies depending on the square footage needed.

• CAP approach

  CAP return

  Valuation

  6%

  $1,249,645

  6.5%

  $1,153,519

  7%

  $1,071,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,404,353

  Geo Method

  $1,404,353

• Alternative Use

  Use

  Valuation

  Residential

  $973,036

  Hospitality

  $891,296

  Educational

  $741,548

  Medical

  $767,051

  Retail

  $1,153,519

Location Insight

City

Monroe

County

Walton

State

Georgia

Latitude

33.7952

Longitude

-83.713

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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