1358 Plaza DrGainesville, GA 30501

Property Details for 1358 Plaza Dr

Year built

1966

Lot size

0.35 AC

Property size (Sq ft)

5,000 SF

Zone code

R-II

Property type

Retail space

APN

00-119B-001-003

APU

00119B001003

Description

This exceptional 5,000 square foot retail property is situated on a 0.35-acre lot at 1358 Plaza Drive in Gainesville, Georgia. Its strategic location offers unparalleled visibility and accessibility, being directly adjacent to Lakeshore Mall and directly across the street from major retailers Walmart and Lowe's. This prime location ensures high foot traffic and significant exposure to a large customer base. The property presents a unique investment opportunity, particularly given the exciting future redevelopment plans for Lakeshore Mall and the ongoing growth of Gainesville's west side. This translates to increased property value and rental income potential in the coming years. The substantial 5,000 square feet of space provides ample room for a variety of retail businesses or could be subdivided to accommodate multiple tenants. The 0.35-acre lot offers potential for expansion or outdoor amenities. This property is ideally suited for businesses seeking a high-traffic, high-visibility location within a thriving commercial area. Don't miss this chance to secure a piece of Gainesville's burgeoning retail landscape. The asking price is $950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,289,890

  6.5%

  $1,190,667

  7%

  $1,105,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,457,756

  Geo Method

  $2,457,756

• Alternative Use

  Use

  Valuation

  Residential

  $1,004,372

  Hospitality

  $920,000

  Educational

  $765,429

  Medical

  $791,753

  Retail

  $1,190,667

Location Insight

City

Gainesville

County

Hall

State

Georgia

Latitude

34.2937

Longitude

-83.8466

CBSA code

23580

CBSA name

GAINESVILLE, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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