121 Benjamin H Hill DrFitzgerald, GA 31750

  • Turn key restaurants
  • 2,509 SF
For Sale
$789,900 View listing

Property Details for 121 Benjamin H Hill Dr

Year built
1995
Lot size
1.17 AC
Property size (Sq ft)
2,509 SF
Zone code
COMMERCIAL
Property type
Turn key restaurants
APN
13-7-23
APU
13723

Description

This thriving Fitzgerald restaurant presents a unique investment opportunity. Priced at $789,900, this fully operational business includes the 2,509 square foot building situated on a 1.17-acre lot, all contents*, and the established business name. The property boasts a prime location directly across from a shopping mall and supercenter, enjoying high visibility on a busy state highway bypass. The restaurant is handicapped accessible and currently configured for up to 100 diners. Recent upgrades include a new roof and air conditioning unit (approximately 3 years old), and most kitchen appliances are less than 30 months old. This turnkey operation ensures immediate income generation. The sale also includes a yearly rental income stream from a billboard company. This is a rare chance to acquire a profitable, established business with significant potential for growth in a desirable location. *Specific contents to be detailed upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $385,975
    6.5%
    $356,284
    7%
    $330,835
  • Comparable approach

    Method
    Valuation
    Relative Method
    $185,499
    Geo Method
    $185,499
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $727,651
    Mixed-Use / Specialty
    $341,735
    Hospitality / Lodging
    $233,431
    Office
    $325,873
    Institutional / Educational
    $350,520
    Residential Income
    $410,109
    Multifamily
    $565,481
    Automotive / Energy
    $300,446
    Parking / Income-Based Land
    $116,800
    Restaurant / Food Service
    $149,398
    Healthcare / Senior Housing
    $364,060

Location Insight

City
Fitzgerald
County
Ben Hill
State
Georgia
Latitude
31.6927
Longitude
-83.2471
CBSA code
22340
CBSA name
FITZGERALD, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,511
$101,930
$64,706
$166,636
-
$254,825
$161,765
$416,590

FAQs

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