Former Sonic For Sale | 1520 W Hill Ave
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Former Sonic For Sale 1520 W Hill Ave
1,274 SF Retail Building Valdosta, GA 31601 £507,810 (£399/SF)
Investment Highlights
- Former Sonic Drive-In / Drive-Thru restaurant with incredible traffic and location.
Executive Summary
Former Sonic restaurant (closing early August). Well-known, successful, popular, brand-name "Drive-In & Drive-Thru" restaurant operating here since 2001. Almost full turn-key with most unbranded F/F/E to remain. Large pylon sign to remain (no faces). 4962 total sf under roof includes 1274 sf enclosed kitchen-prep-serving-storage area & 3688 sf under two canopies, with menu boards for "park, order & eat", and outside seating area. Concrete paved parking all around, plenty of mature trees for shade. Incredibly busy, high-traffic site at W Hill Ave (24,400/day) & St. Augustine Rd (15,800/day), only 3/4 mile from I-75 Exit 16, with 60,000/day traffic there. Buyer can operate their own brand or buy a Sonic franchise after meeting all requirements, financial and other. Contact Sonic franchising for more info. Cash sale, no owner financing.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
£2,023
|
£1.59
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£2,023
|
£1.59
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | £2,023 |
| Annual Per SF | £1.59 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £2,023 |
| Annual Per SF | £1.59 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,274 SF
Building Class
C
Year Built
2001
Price
£507,810
Price Per SF
£399
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
C-H - Highway-Commercial
Parking
21 Spaces (16.48 Spaces per 1,000 SF Leased)
Frontage
258 ft on W Hill Ave
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Security System
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0086D-074 | Total Assessment | £67,899 |
| Land Assessment | £48,825 | Annual Taxes | £2,023 (£1.59/sf) |
| Improvements Assessment | £19,075 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0086D-074
Land Assessment
£48,825
Improvements Assessment
£19,075
Total Assessment
£67,899
Annual Taxes
£2,023 (£1.59/sf)
Tax Year
2023
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Former Sonic For Sale | 1520 W Hill Ave
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