$980,000 - Price Reduction

$980,000 1421 W Hwy 16 Griffin, GA

MLS: 7568281   Type: Commercial   County: Spalding   City: Griffin   Area: Spal   Zip: 30224   Style: Food Services     Taxes: $14,000

Mortgage $4,601 /mo

Beds

Baths

Half Baths

Sqr Footage

Acres

Built

0

0

0

0

1.77

1999

Buffalos Cafe Griffin GA Real Estate Only. Prime location, located beside Home Depot and across from Lowes and Kroger Supermarket. Business leased under long term lease, 5 years remain on a 10 year lease with one 10 year renewal option. Rental income = $90,000.00/year. Landlord pays taxes only $1400.00/YR. NOI + 7.6% Cap Rate. Tenant pays all Maintenance & insurance. Established Business.

Elementary School

Middle School

High School

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Price History

1/4/2016 Listed $1,200,000
5/9/2016 19% - $980,000

Business Type Food Services
Energy Related Roof Vent Fans, Storm Windows
Heating Source Gas
Listing Area SPAL
Type Commercial
Utilities Cable Tv, Electricity, Natural Gas, Sewer Available, Telephone, Water
Zoning PCD

Interior Features

Cooling Central A/C
Heating Central

Exterior Features

Acreage Source Public Record
Lot Area 1.77
Lot Size 1-2 Acres

Property Schools



Direct Link:

http://ga.exprealty.com/property/86-7568281-1421-W-Hwy-16-Griffin-GA-30224

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Property vs Zip Code Avg (30224)

Price 980K Avg 307K

Taxes $14,000 Avg $2,286

Acres 1.77 Avg 3.24

Visits 2 Avg 4

Days on Site 337 Avg 194

Walkscore® 59 Avg 32

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Listing Provided Courtesy Of: Rita Sisco with REMAX SOUTHERN.




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Location & Address

eXp Realty Georgia
1155 Mt Vernon Hwy Suite 800
Atlanta, GA
404-969-4670