526 Pearl Nix PkwyGainesville, GA 30501

Property Details for 526 Pearl Nix Pkwy

Year built

1986

Construction

STEEL FRAME

Lot size

0.98 AC

Property size (Sq ft)

18,491 SF

Zone code

N-B

Property type

Retail properties

Property subtype

Retail space

APN

01-126 -011-013

APU

1126011013

Description

This exceptional 7,800 square foot office building, located at 526 Pearl Nix Parkway in Gainesville, Georgia, presents a unique investment opportunity. The property is zoned for Neighborhood Business use and features a single-tenant occupancy. The building offers a mix of first-floor medical office space and second-floor general office space. Each suite boasts its own private restroom, and a complete renovation is underway, including fresh paint and new flooring throughout. The building enjoys high visibility and accessibility along the heavily trafficked Pearl Nix Parkway, with three convenient points of ingress and egress. Ample parking is provided with 65 spaces available for tenants and visitors. The location is highly desirable, situated just 2.8 miles from I-985 Exit 20, 1.5 miles from Downtown Gainesville, 1.9 miles from Brenau University, and 2.2 miles from the Northeast Georgia Medical Center. Gainesville-Hall County's strong economic performance is further underscored by its recent recognition as the top small metro area in Georgia and a top 10 performer nationally (2023 Milken Institute Report). This property offers a blend of convenience, visibility, and access to a thriving community, making it an ideal location for a variety of businesses. The building's modern amenities and strategic location combine to create a compelling opportunity for a discerning tenant seeking a high-quality office space in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,770,270

  6.5%

  $4,403,326

  7%

  $4,088,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,089,273

  Geo Method

  $9,089,273

• Alternative Use

  Use

  Valuation

  Residential

  $3,714,370

  Hospitality

  $3,402,344

  Educational

  $2,830,710

  Medical

  $2,928,062

  Retail

  $4,403,326

Location Insight

City

Gainesville

County

Hall

State

Georgia

Latitude

34.2851

Longitude

-83.8415

CBSA code

23580

CBSA name

GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].