1636 Atlanta HwyGainesville, GA 30504

Property Details for 1636 Atlanta Hwy

Year built

1954

Lot size

0.47 AC

Property size (Sq ft)

4,032 SF

Zone code

H-B

Property type

Retail space

APN

01-133A-004-006

APU

01133A004006

Description

This freestanding retail building, located at 1636 Atlanta Highway in Gainesville, Georgia, presents a compelling investment opportunity. Built in 1980, the property sits on a 0.47-acre lot and comprises approximately 4,000 square feet of retail space, divided into two suites (A and B). Suite B is currently leased to a grocery store, generating immediate income. The building enjoys a highly visible location on Atlanta Highway, a major thoroughfare with approximately 22,000 cars passing daily, ensuring significant exposure to potential customers. Its strategic placement within a mini-shopping center, surrounded by other commercial businesses and a motel, further enhances its appeal. The property's location in historic Gainesville, Georgia, adds to its character and potential for growth. The asking price for this well-situated retail property is $1,300,000. This represents a rare chance to acquire a profitable retail asset in a thriving commercial area. The property's strong location and existing tenancy make it an attractive investment for both seasoned and new investors seeking a stable income stream and potential for future appreciation. The zip code is 30504.

• CAP approach

  CAP return

  Valuation

  6%

  $1,040,167

  6.5%

  $960,154

  7%

  $891,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,981,934

  Geo Method

  $1,981,934

• Alternative Use

  Use

  Valuation

  Residential

  $809,926

  Hospitality

  $741,888

  Educational

  $617,242

  Medical

  $638,470

  Retail

  $960,154

Location Insight

City

Gainesville

County

Hall

State

Georgia

Latitude

34.2679

Longitude

-83.8411

CBSA code

23580

CBSA name

GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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