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26844530
26844545

3565 GA-85, Ellerslie, GA 31807 For Sale

Maximum One Premier
Listed by Maximum One Premier
$1,275,000
315 days on market
Updated 18 days ago

Mixed Use Restaurant Development Opportunity

Details
APN 12873
Property Type Retail
Sub Type Bar, Restaurant (+1)
Square Footage 4,300
Net Rentable (SqFt) 4,300
Cap Rate 11.76%
NOI $150,000
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 15.69%
Pro-Forma NOI $200,000
Price per SqFt $297
Price Per Acre $238,000
Class C
Year Built 1940
Year Renovated 2022
Buildings 2
Stories 2
Acreage 4.190
Zoning c4
Parking Spaces 20 spaces
Parking per 1,000 SqFt 4.65
Investment Type Redevelopment
Tenant Credit No Credit Rating
Occupancy Date 10/12/2011
Ownership owner

Live and Work on Site Potential or Redevelop

Marketing description

Potential to Live and Work on the same property!

Prime unconditional C4 commercial investment/redevelopment opportunity. Located just north of Columbus and Fort Moore (formally known as Fort Benning), GA in the heart of Ellerslie Georgia, Harris County.

Location is everything and this property is positioned on one of the busiest arterial roads where a great deal of new housing and retail development is taking place.

Location has been a restaurant for over 14 years.

Situated at a major signalized intersection on Highway 85, 5 minutes from Columbus, GA across from a new 130-acre Ellerslie Park, this high-volume traffic, high visibility location is positioned to be central to the high growth community.

There is over 680 feet of road frontage on three sides and 5 entrances to the property. The local community has been loyal to the current established business and welcomes new community business partners.

There are 4.19 acres of land, this would make a great wedding venue, bed and breakfast, restaurant, retail shopping, etc.

The commercial C4 uses are unrestricted. Building has new roof - 2025

Fort Moore (formally Fort Benning) is 30 mins away, also near Waverly Hall, Talbotton, and tourist areas like Warm Springs and Pine Mountain. This location intersects with Highway 85, Highway 315, Warm Springs Rd and Harris Rd. Adjacent to the historic depot and fire station.

Investment highlights

  • Beer and Wine License is transferable with approved application.

  • The ready-to-go commercial space includes a 1,000-gallon grease trap, 1,500 gallon septic, 2 -1,500 aerobic treatment units, 400 ft drain line, and a 400 + amp electrical service, separate brick smokehouse with built-in bricked open pit grill and chimney. Newer kitchen addition is wired with shunt breakers. New Roof 2025

  • There is an optional vent hood system with exhaust, make up air and fire suppression system, an Ole Hickory Rotisserie Smoker, and 20 ft portable smoker, commercial kitchen equipment, refrigeration, freezers, icemaker, washing station, prep tables, heat and hold, Hobart buffalo chopper, 9-gallon steam kettle, meat slicer, Star grill press, 40 pound gas fryer, steam table, microwave, cooking utensils, dishes, dining room seating. Restaurant equipment and furnishings can be purchased for $75,000 with full price offer.

  • Prime location across from the newly opened Ellerslie Park

  • Highly traveled highway location with local and out-of-town travelers

  • Unconditional C4 Commercial with multipurpose uses: restaurant, retail, events, catering services, storage facility, gas station and more

  • 4.19 prime located acres with abundant outdoor seating

  • Attractive event space

  • Exceptional visibility with 680 feet of road frontage on three sides and 5 entrances to the property allows maximum exposure and access to passing traffic and ample parking

  • Optional Restaurant equipment and optional BBQ business available to purchase

Listing Contacts

Maximum One Premier
Listed by Maximum One Premier

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
11.76%
Cap Rate
11.76%
ROI

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