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31852546
31852563

26 Doyle Street, Toccoa, GA 30577

JE
GA 362661
The Rezerve LLC
Listed by The Rezerve LLC
$1,950,000
41 days on market
Updated 35 days ago

26 DOYLE ST TOCCOA GA 30577-3009

Details
APN T19 219
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building, Restaurant (+1)
Square Footage 14,011
Net Rentable (SqFt) 14,001
Cap Rate 2.65%
NOI $51,652
Occupancy 50%
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 10.96%
Pro-Forma NOI $213,652
Price per SqFt $139
Year Built 1906
Year Renovated 2021
Buildings 1
Stories 1
Acreage 8070.000
Zoning B-III
Ground Lease No
Sale Condition N/A

Mixed Use Investment Property in Toccoa

Marketing description

Welcome to the vibrant heart of downtown Toccoa! This mixed-use property has a street-level commercial component, formerly a restaurant and bar, and the upper level has four leased apartment units. The retail space is a fully built-out restaurant and bar space (all restaurant equipment, furniture, appliances, utensils, and decor are NOT included in the sale, but negotiable).

The restaurant has 18 ft ceilings, and the bar, kitchen, and restrooms have 8-10 ft ceilings. The main level consists of 4,877 sf and a 3,051 sf mezzanine level with an 8 ft ceiling. The restaurant level consists of a large dining area, bar, commercial kitchen, and men’s and women’s restrooms. The mezzanine level consists of a dining area that wraps around the building, with it being open to the 1st floor restaurant below. The main level also includes a 240 sf storage room.

The apartment units have been completely remodeled with a modern design and high ceilings. Each unit features 2 bedrooms and 2 bathrooms, with a loft-style layout, a washer and dryer, and central heating and cooling. The entire 2nd floor is ±5,600 sf and is divided into four equally sized apartment units. The finishes consist of exposed brick and sheetrock walls, wood and tile floors, and wood ceilings.

The building is in the City of Toccoa in Stephens County and subject to zoning regulation at the city level; it is zoned B-III– Central Business District. This zoning allows for a variety of retail, office, professional service, hospitality, recreational, institutional, and single and multi-family residential uses, as well as limited light industrial uses such as auto-service facilities, printing/publishing/engraving businesses, and wholesaling establishments. This property is located 2 hours NE of Atlanta and 1 hour N of Athens.

Investment highlights

4 apartment units rented. Upside potential once retail space is rented!

Listing Contacts

JE
GA 362661
The Rezerve LLC
Listed by The Rezerve LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,652.20
$4,304.35/mo

Valuation Metrics

0
DSCR
2.65%
Cap Rate
2.65%
ROI

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Additional Information

Name
Joseph Eterno
License
362661
Brokerage Phone
7067255418
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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