June 2005 Multi-Seller Auction, Sale No. 3

THE ZONE RESTAURANT, 9BR CONDO/BOARDINGHOUSE
& POTENTIAL INCOME PROPERTIES

Auction: Tuesday, June 28, 1:00 PM

Sale Site for Properties 103 & 104: The Zone Restaurant

AUCTION: June 28, 1:00 PM at The Zone Restaurant

Property #103: The Zone Restaurant/Bar

Incredible Location, Visibility and Traffic Counts over136,000 cars! Near Hartsfield Airport On High Exposure Old National Highway at the I-85 Interchange. With 136,000+ cars per day traveling this route, this is prime property for a national chain restaurant or club location! The building has 8,800 sq. ft.; The land comprises 1.4 acres with extensive parking and shares a driveway with the Days Inn, located directly behind the site.

Address: 4979 Old National Highway, Atlanta

Sale Date: Tuesday, June 28th at 1pm on site

Description:

The Zone Restaurant/Bar Near Hartsfield Airport On High Exposure Old National. Incredible national chain restaurant or club location. This approximately 8,800 sq ft former restaurant and night club is located near Hartsfield-Jackson Atlanta International Airport and popular airport hotels on high exposure Old National Hwy at the I-85 interchange. This 1.4 acre property has extensive parking and shares a driveway with the Days Inn, located directly behind the site. Bring your restaurant, bar or entertainment concept here and capitalize on location, visibility and traffic counts over 136,000 cars!

Property Data:

• Building size: 8,800 sf

• Land area: 1.4 acres

• Zoning: C-1, Fulton County

• Traffic: 136,000 cars per day

• Construction: Masonry

Directions: Take I-85 south to Old National Highway. Property is located at northbound exit ramp in front of the Days Inn.

Inspections: Property will be shown by appointment. Call Tom Hunter 770-682-8552

Terms: 10% down, close in 30 days, 10% buyer’s premium.
 

Property #104: Nine Bedroom Boarding House Condo, Riverdale.

Under Contract

Call Doris Cortese at 770-907-0190 for directions and to arrange to inspect property.  The owner does not want the tenants to be disturbed, so we have not listed the address.

Description: 9 bedroom, 4 bath boarding house condominium. Each room is rented separately by the week or month. These condominiums were built for operation as a boarding house. Each condo unit has multiple rooms that are rented weekly or monthly. The condominium complex has professional on-site management, and is well maintained.

Terms: 10% down payment, close in 30 days, 10% buyers premium.

Income: $5000/month

Expenses: $1600/month

Limited maid service is provided once a week. Tenants are stable, with several long term tenants.

Forms:

• IAC Auction Purchase and Sale Agreement

• Terms and Conditions of Auction - Buyer's Affidavit

• Broker Prospect Registration Form

For additional information, please contact info@interstateauction.com or call 404-303-1232

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Do you have a residential or commercial property you would like to include in an upcoming auction? Give us a call at 404-303-1232 or send an email  to jjohnson@interstateauction.com for a free consultation. 
 

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