This exceptional restaurant property, located at 543 W Oglethorpe Hwy in Hinesville, Georgia (zip code 31313), is offered at $2,650,000. The 5,191 square foot building sits on a 1.03-acre lot (APN: 057B 024) and is currently occupied by a Ruby Tuesday restaurant. The property is zoned C2 and boasts substantial parking with over 70 paved spaces, ensuring ample customer convenience. Its strategic location along Oglethorpe Highway, a major thoroughfare in Hinesville, provides excellent visibility and accessibility. The high traffic counts, exceeding 35,900 AADT, and a designated turn lane contribute to significant potential. This outparcel to Kroger benefits from its proximity to numerous other retail establishments including Longhorn Steakhouse, Wendy's, Chick-fil-A, Walmart, Lowe's, Big Lots, Dick's Sporting Goods, Hobby Lobby, Publix, and more. Major median construction is underway, and this location will feature convenient access via one of the limited median curb cuts. The price per square foot is $510.50. This property presents a compelling investment opportunity in a thriving retail corridor.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,220,923
6.5%
$1,127,006
7%
$1,046,506
Comparable approach
Method
Valuation
Relative Method
$889,661
Geo Method
$889,661
Alternative Use
Use
Valuation
Residential
$950,672
Hospitality
$870,810
Educational
$724,504
Medical
$749,421
Retail
$1,127,006
Location Insight
City
Hinesville
County
Liberty
State
Georgia
Latitude
31.8363
Longitude
-81.5964
CBSA code
25980
CBSA name
HINESVILLE-FORT STEWART, GA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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