Imagine owning a strip mall and fastfood restaurant for the average cost of a new home here.

It could happen.

P&R Investments, a firm owned by two local businessmen, purchased the county’s tax lien on a financially-troubled strip mall on Floyd Baker Boulevard. Its tenants include Citi Trends, Aaron’s, Hibbett Sports and Pizza Hut.

The property owner, Upstate Centers, LLC., owes the county about $133,000 in revenue for unpaid property taxes from 2008 and 2009.

Since the property wasn’t sold at public auction during the county’s delinquent tax sale, the tax lien has been held by the county’s Forfeited Land Commission.

The commission, made up of county officials, sold the tax lien to P&R Investments for about $133,000.

Upstate Centers, LLC., has until Dec. 8 to reclaim the property by paying the $133,000 in unpaid taxes plus interest. If that happens, P&R Investment would lose out on owning the strip mall, but could pocket as much as $16,000 in interest.

The strip mall isn’t the only property in P&R Investment’s portfolio. The firm also purchased Garment Technologies’ tax lien for $66,176.31. P&R Investment would earn about $8,000 in interest if the property owner pays the delinquent taxes by Dec. 8.

County tax assessor Roy Price said the partners of P&R requested that their names not be released.