1110 Cherry StJesup, GA 31546

Property Details for 1110 Cherry St

Year built

2002

Lot size

0.26 AC

Property size (Sq ft)

1,855 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

J22-21-3

APU

J22213

Description

This exceptional 2,000-square-foot restaurant in Jesup, Georgia, is available for $398,000. Located at 1110 E Cherry St, in Wayne County, zip code 31546, this property presents a fantastic opportunity for both owner-operators and investors. Currently vacant, the space is ready for immediate occupancy, eliminating the need for extensive renovations. All furniture, fixtures, and equipment (FF&E) are included in the sale price, making this a truly turnkey operation. The asking price of $398,000 translates to a price per square foot of $199, representing a strong value in the current market. The property's versatile nature allows for various culinary concepts, from a bar to a quick-service restaurant. The seller is offering financing options, making this an even more attractive proposition. This prime location in Jesup offers high visibility and accessibility, ensuring a strong foundation for a successful business venture. Don't miss this chance to acquire a fully equipped restaurant in a desirable location with flexible financing options.

• CAP approach

  CAP return

  Valuation

  6%

  $436,296

  6.5%

  $402,735

  7%

  $373,968

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,920

  Geo Method

  $317,920

• Alternative Use

  Use

  Valuation

  Residential

  $339,722

  Hospitality

  $311,183

  Educational

  $258,901

  Medical

  $267,805

  Retail

  $402,735

Location Insight

City

Jesup

County

Wayne

State

Georgia

Latitude

31.5951

Longitude

-81.8716

CBSA code

27700

CBSA name

JESUP, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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