Property Location

194 Milken Avenue, Richland GA 31825

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List Price $59,999

Units adj 1

Price / Unit $59,999

194 Milken Avenue Richland, GA 31825

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Commercial Opportunity in the Heart of Richland – Historic Corner Property with Potential Located in the heart of downtown Richland, this 2,396 sq ft commercial building built in 1940 offers a unique opportunity for investors, entrepreneurs, or visionaries looking to bring new life to a historic structure. Situated on a .38-acre corner lot, the property provides excellent visibility and accessibility in a well-traveled area of Richland, GA 31825. Previously operated as a local bar/tavern, the building features a spacious interior layout that can be reimagined for a variety of commercial uses. While the property does require repair and renovation, it offers solid potential for those looking to restore its character or redevelop the space for a new business venture. The generous corner lot provides additional possibilities for parking, outdoor seating, or future expansion depending on your vision. Whether you’re looking to create a restaurant, lounge, retail shop, event space, or mixed-use concept, this property offers the chance to invest in a piece of Richland’s history while shaping its future.

Investment Notes — Richland

Located in the Richland, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Built from available FMLS income data and transparent operating assumptions · Units adjusted (LIKELY_SFR_OR_MOBILE)

Price per Unit $59,999 Verified

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario. Units adjusted (LIKELY_SFR_OR_MOBILE).

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

40%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Richland. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Information

Suppressed (LIKELY_SFR_OR_MOBILE). Verify classification and actual numbers with the listing agent.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7742284 · Listing courtesy of Coldwell Banker Realty, Dedrick Josey · 404-262-1234

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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