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1421 W Hwy 16, Griffin, GA 30224

$980,000

  • For Sale
  • Active
  • Commercial
1421 W Hwy 16, Griffin, GA 30224View this property at 1421 W Hwy 16, Griffin, GA 30224
1421 W Hwy 16GriffinGA30224

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Property Description

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.

Full Property Detailsfor 1421 W Hwy 16

General

  • Price: $980,000
  • Taxes: $14,000 (2014)
  • Status: Active
  • Type: Commercial
  • MLS ID: 7568281
  • Updated: 10/4/2017
  • Added: 870 day(s) ago

Business

  • Business Type: Food Services

Location

  • Area: SPAL
  • County: Spalding
  • Driving Directions: Hwy 16

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Central
  • Heating Fuel: Gas

Utilities

  • Utility Description: Cable TV, Electricity, Natural Gas, Sewer Available, Telephone, Water

Structural Information

  • Sq. Ft. Source: Public Record
  • Year Built: 1999

Lot Features

  • Lot Size (Acres): 1.77
  • Lot Size Range: 1 to 2 Acres
  • Lot Size Source: Public Record
  • Zoning: PCD

Financial Considerations

  • Tax Amount: $14,000
  • Tax Year: 2014

Listed by Keller Williams Rlty Atl. Part

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Schools

Schoolsserving 1421 W Hwy 16

School District:Spalding County Schools
School Name
Grades
Distance
Orrs Elementary School
1553 Flynt St, Griffin, GA 30223
PK-5
0.4 mi
Carver Road Middle School
2185 Carver Rd, Griffin, GA 30224
6-8
3.8 mi
Griffin High School
1617 W Poplar St, Griffin, GA 30224
9-12
0.8 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 1421 W Hwy 16 Get Price Alerts

Date
Details
Price
Change
Source
5/09/2016
Price Reduced
$980,000
-18.33%
MLS
1/04/2016
Listed
$1,200,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 1421 W Hwy 16

Listed by Keller Williams Rlty Atl. Part

1421 W Hwy 16, Griffin, GA 30224 (MLS# 7568281) is a Commercial property. 1421 W Hwy 16 is currently listed for $980,000 and was received on January 04, 2016. Want to learn more about 1421 W Hwy 16? Do you have questions about finding other Commercial real estate for sale in Griffin? You can browse all Griffin real estate or contact a Coldwell Banker agent to request more information.