8220 Tara Active Save Request In-Person Tour Request Virtual Tour
Jonesboro,GA 30236
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,600 sqft
Price per Sqft $289
MLS Listing ID 10384773
Year Built 1996
Annual Tax Amount $14,496
Tax Year 2023
Lot Size 1.149 Acres
Property Description
Presenting an exceptional investment opportunity to acquire a high-performing, established & prominent, massive retail adult novelty store with a separate tattoo supply counter and a smoke shop within, sold fully TURN-KEY with the land, building, business & all inventory. Extremely high-traffic business with expansive exposure on fast-growing Tara Blvd in the city of Jonesboro, with nearly 147 ft of road frontage. The pristine, solid brick, fenced-in building spans on 1.15 acres, offering 35 parking spaces with maximum visibility to 54,000 VPD. Meticulously maintained, the stand-alone building is 12,600 square feet, including two large warehouses sized at 38 ft. x 40 ft. and 28 ft. x 48 ft for creative income-added opportunities such as a game machine room, an entertainment lounge and/or flexible range of other uses. The current owner is nearly absent and the business is being managed with stable, long-term management who aspire to continue under new ownership if needed. With returning and growing clientele for over a decade, the total sales for 2024 calculated about $806,000 +/-, easily making this an incredible investment with an approximately 16% CAP rate, not including the running inventory. Additional property features include a 32-camera security system, an integrated irrigation system, a freestanding shed in the back of the lot, a fully updated AC system that was replaced a few years ago as well as multiple organized offices, restrooms for employees as well as customers and sufficient storage. The layout provides ample room for future growth, offering significant potential for creative development. This gold-mine opportunity is ideal for a savvy investor looking to expand their portfolio with an already highly profitable turn-key business and fantastic margins. Virtual tour and additional photos are available upon request with a signed NDA.
Location
State GA
County Clayton
Zoning GB
Interior
Heating Central
Cooling Central Air
Flooring Carpet,Concrete,Hardwood
Exterior
Parking Features Paved,Parking Lot
Garage Spaces 35.0
Fence Fenced
Utilities Available Cable Available,Electricity Available,High Speed Internet,Natural Gas Available,Sewer Available,Phone Available,Water Available
View Y/N No
Roof Type Metal
Building
Lot Description Near Public Transit,Level,Semi Turning Available
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Others
Special Listing Condition Resale