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138 N Midland Ave 6,020 SF Retail Building Monroe, GA 30655 $2,500,000 ($415.28/SF)
Investment Highlights
- Regionally Known Pizza Franchise on Long term lease, August 1st! Currently active, Turn-key sale including all FF&E
- 1,000 SF renovated office/storage building
- Fully-equipped commercial kitchen w/in-ground grease trap
- 5,000 SF recently renovated bar & restaurant building
- 1,000 SF outdoor deck
Executive Summary
Attention Restaurant Investors! For Sale! Rare opportunity to acquire an active, fully-equipped and furnished restaurant tavern in the heart of downtown Monroe, Georgia! The big plus is the fact that a well-known regional pizza franchise has just signed a long-term lease and is ready to go August 1st! Other than the name change, there will be a seamless transition for the current regular clientele and a significant clientele growth potential for those patrons already loyal to the franchise brand.
This .53 acre property includes: two recently renovated buildings totaling approximately 6,000 SF, an outdoor patio, an outdoor deck, a fully furnished restaurant, a fully equipped and operating commercial kitchen. Located within Monroe’s highly active, walkable mixed-use downtown district surrounded by local shops, restaurants, and attractions.
Considering a recent appraisal over $3M, this opportunity is very attractive at $2.5M with a current long-term tenant in place for the 5,000 SF restaurant and an additional 1,000 SF outbuilding available for lease as a professional office with ample storage space.
Shown by appointment only, between 10am and 11am weekdays. Financial qualification and proof of funds required in advance. Discreet sale. DO NOT DISTURB! No interaction or conversation with staff. Contact agents only. Call or text Fielding 770.862.4133 or Sonia 404.617.1910
This .53 acre property includes: two recently renovated buildings totaling approximately 6,000 SF, an outdoor patio, an outdoor deck, a fully furnished restaurant, a fully equipped and operating commercial kitchen. Located within Monroe’s highly active, walkable mixed-use downtown district surrounded by local shops, restaurants, and attractions.
Considering a recent appraisal over $3M, this opportunity is very attractive at $2.5M with a current long-term tenant in place for the 5,000 SF restaurant and an additional 1,000 SF outbuilding available for lease as a professional office with ample storage space.
Shown by appointment only, between 10am and 11am weekdays. Financial qualification and proof of funds required in advance. Discreet sale. DO NOT DISTURB! No interaction or conversation with staff. Contact agents only. Call or text Fielding 770.862.4133 or Sonia 404.617.1910
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,020 SF
Building Class
C
Year Built/Renovated
1959/2023
Price
$2,500,000
Price Per SF
$415.28
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.50 AC
Zoning
B2 - B2 - City of Monroe; CD-5 Downtown Monroe Character Area
Frontage
103’ on N Midland Avenue
Amenities
- Corner Lot
- Restaurant
- Security System
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | M014000000198000 | Improvements Assessment | $171,400 |
| Land Assessment | $92,440 | Total Assessment | $263,840 |
Property Taxes
Parcel Number
M014000000198000
Land Assessment
$92,440
Improvements Assessment
$171,400
Total Assessment
$263,840
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