Pin Corner Commercial Land Lots Combined Rental Property For Sale

Business description

PROPERTY ADDRESS
302 South Street, 401, 405 and 409 Longview Street, Carrollton, Georgia 30117. Land Lot 98, District 10, City of Carrollton, Carroll County.

SQUARE FOOTAGE
2,160± Square Foot Restaurant
1,808± Square Foot Duplex Home
1,694± Square Foot Home

UTILITIES
All Utilities Available

ACREAGE
1.33± Acres

GENERAL INFORMATION
This is an assemblage of several properties at the intersection of South Street and Longview Street. There are two houses and a restaurant on these parcels, all of which are currently used as rental property. The lease on one of the houses is about to end, and the other house has recently been vacated as well. The restaurant is currently leased until August 1, 2009, at a rate of $2,000 per month, with two 5-year options to renew – No Personal Guarantee. There is excellent road frontage and visibility in this area, the combined property has 410± feet of frontage on South Street, as well as 291± feet on Longview Street. This is also just seconds away from The University of West Georgia, as well as the downtown Carrollton square. Several developments have been proposed for this location, including relocating the houses or removing them to allow for new development of a commercial or office park. There is also the option to purchase the South Street Station business and equipment with the real estate. More information on this business is available in Package ID #1104.

PURCHASE PRICE
$645,000 – Real Estate Only “As-Is”
$895,000 – Real Estate & Business (Reference Package ID #1104)

TERMS
All Cash To Seller At Closing

MORE INFORMATION
Contact DERMO REALTY

Property information

Real Estate:

Real Property Included

Location:

Traveling on Interstate 20, take the Carrollton-Villa Rica Exit #24 and travel south on Highway 61. After approximately 13.8 miles you will reach the square in downtown Carrollton, take a left onto Bradley Street at the square. After crossing the railroad tracks Bradley Street becomes South Street, follow around the curve to the right and over the Highway 27 Bridge. There will be a traffic light and intersection with Longview Street just after the bridge, the property is on the left at the corner of Longview Street and South Street. It continues for 300 feet down Longview Street and includes the two houses, as well as down South Street to the corner at Maple Street including the South Street Station restaurant.

Other information

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• Business Information