Listing Summary
Gas station, liquor store & 3BR home on 13.26 acres in Fort Gaines, GA! $1,799,000 (10.67% Cap Rate). $65K/mo inside sales, $5K/mo COAM, Opportunity Zone. Call (770) 664-9999!
Full Description
Multi-Stream Commercial Retail & Residential Real Estate Portfolio: 51 Well Lane, Fort Gaines, GA
Offering an exceptional combination of real estate land equity, high gaming/lottery commissions, dual retail revenue streams, and a residential asset, 51 Well Lane, Fort Gaines, GA 39851 represents a premier commercial acquisition in Clay County. Offered at an asking price of $1,799,000 ($352.61 per square foot) plus inventory at cost, this turnkey business and real estate package generates a stabilized $192,000 Net Operating Income (NOI) at an attractive 10.67% Cap Rate.
Spanning 13.26 contiguous acres in a designated federal Opportunity Zone, the property includes a 5,102-square-foot commercial retail facility housing both a Gas Station / Convenience Store and an adjoining Retail Liquor Store, alongside a 3-bedroom, 2-bathroom mobile home. Currently netting over $16,000 per month under employee management ($5,833/month payroll), an active owner-operator replacing management can instantly capture $21,000+ per month ($250,000+ annually) while capitalizing on Lake Eufaula tourism and state-line border gaming traffic.
Financial Overview & Key Property Facts
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Asking Price: $1,799,000 (Includes C-Store, Liquor Store, 3BR House, Business Value & 13.26 AC Land)
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Cap Rate: 10.67% Cap Rate
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Net Operating Income (NOI): $192,000 / Year
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Building Footprint Size: 5,102 SF Free-Standing Retail Facility (Class C / Built 1970)
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Price Per Square Foot: $352.61 / SF
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Land Parcel Footprint: 13.26 Acres (Substantial Commercial / Recreational Development Space)
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Federal Opportunity Zone: Yes (Qualifies for Capital Gains Tax Deferrals & Investment Tax Advantages)
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Combined Monthly Inside Sales: $65,000 / Month Average
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C-Store Inside Revenue: ~$42,000 / Month (30% Profit Margins)
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Liquor Store Inside Revenue: ~$23,000 / Month (25% Profit Margins)
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Monthly Fuel Sales Volume: ~7,000 Gallons / Month at Outstanding 30 Cents / Gallon Margins
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Monthly COAM Gaming Income: ~$5,000 / Month (Favorable COAM Contract with ~6 Years Remaining)
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Monthly Georgia Lottery Commission: ~$3,000 / Month Average
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Monthly Net Profit (Under Management): $16,000+ / Month (Net of $5,833 Payroll)
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Owner-Operator Net Cash Flow Potential: $21,000+ / Month ($250,000+ Annually)
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Broker Representation: River Brokers — Direct Contact: (770) 664-9999 | info@riverbrokers.com
Strategic Border Location & Recreational Expansion Upside
Engineered for passive cash flow with substantial long-term land development opportunities:
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State-Line Border Gaming Monopoly: Positioned directly at the Georgia-Alabama border. Because Alabama strictly prohibits state lottery and video gaming machines (COAM), Alabama residents cross the state line daily to purchase Georgia Lottery tickets and play coin-operated amusement machines at this location.
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On-Site 3BR / 2BA Residential Housing: Includes a 3-bedroom, 2-bathroom home on the 13.26-acre parcel, allowing an owner-operator to live on-site with zero rent expenses, house an on-site manager, or rent out the residence for secondary cash flow.
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13.26-Acre Commercial & Recreational Upside: Located near Lake Walter F. George (Lake Eufaula), a renowned bass fishing and boating destination. The expansive acreage provides ample space to build boat storage facilities, an RV park, campground amenities, or outdoor recreational rental services.
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On-Site Utilities Efficiency: Serviced by an on-site septic system, eliminating monthly municipal sewer bills and keeping fixed overhead low.
Surrounding Fort Gaines / Clay County Trade Area
Positioned along key regional travel routes and tourist corridors:
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Lake Eufaula & State Park Proximity: Surrounded by major regional outdoor attractions including George T. Bagby State Park, lakefront cabins, vacation rentals, and nearby hotels (Quality Inn & Suites, Hampton Inn Eufaula, Comfort Suites North).
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Local Educational & Residential Drivers: Positioned near Clay County Elementary School and Clay County Middle School, capturing consistent daily school commuter and family traffic. Serves surrounding residential areas including Greenwood Village and Pepper Ridge II Apartments.
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Nearby Dining Anchors: Close proximity to popular regional dining favorites including The Cajun Corner, Phil’s BBQ, and Doughnut King.
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Regional Interstate Connectivity: Centrally located near major Alabama and Georgia submarkets — 30 minutes from Eufaula, AL; 1 hour from Dothan, AL; and 1 hour 20 minutes from both Albany, GA and Columbus, GA.
Whether you are seeking a 10.67% Cap Rate commercial investment under $1.8M, an Opportunity Zone asset with 13+ acres of land, or a high-margin gas station and liquor store border monopoly, 51 Well Lane delivers exceptional yields, real estate equity, and undeniable expansion potential.
Quick Glance
- Listing ID:
CL-Georgia-28753
- Status:
Active
- Year Build:
1970
- Building Size:
5,102 SqFt
- Lot Size:
13.26 Acr
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Virtual Tour