543 Oglethorpe HwyHinesville, GA 31313

Property Details for 543 Oglethorpe Hwy

Year built

1999

Construction

WOOD

Lot size

1.03 AC

Property size (Sq ft)

5,191 SF

Zone code

C2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

057B 024

APU

057B024

Description

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.

• 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

Property Tax & Assessments

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