227 Atlanta HwyGainesville, GA 30501

Property Details for 227 Atlanta Hwy

Year built

2007

Construction

STEEL FRAME

Lot size

1.39 AC

Property size (Sq ft)

12,280 SF

Zone code

G-B

Property type

Strip malls

Property subtype

Neighborhood centers

APN

01-126 -006-007

APU

1126006007

Description

This exceptional 12,712 square foot retail center, located at 227 Atlanta Hwy in Gainesville, GA 30501, presents a compelling investment opportunity. The property, built in 2007 and extensively renovated in 2023, boasts a 5.00% cap rate and is currently 100% occupied by a diverse mix of long-term tenants including a restaurant/fish market with a covered patio, a cell phone store, a multi-service business, and a coin laundry. The single-story building features a desirable corner lot with two curb cuts, providing excellent visibility and accessibility. Recent improvements include fresh paint and new LED parking lot lighting. The property's prime location offers easy access to I-985 and is situated near residential areas, additional shopping, and dining options. The attractive two-sided brick front enhances the building's curb appeal. The property is offered at $2,500,000, with a price per square foot of $196.66. This NNN-leased, multi-tenancy property offers a stable income stream and significant upside potential. The APN is 01-00126-06-007. This is a turnkey investment ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,167,969

  6.5%

  $2,924,279

  7%

  $2,715,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,036,248

  Geo Method

  $6,036,248

• Alternative Use

  Use

  Valuation

  Residential

  $2,466,739

  Hospitality

  $2,259,520

  Educational

  $1,879,894

  Medical

  $1,944,546

  Retail

  $2,924,279

Location Insight

City

Gainesville

County

Hall

State

Georgia

Latitude

34.2846

Longitude

-83.8382

CBSA code

23580

CBSA name

GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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