Liquor Store with Warehouse Real
2318 Old Cornelia Highway Gainesville, GA 30507
2318 Old Cornelia Highway, Gainesville, GA, 30507
$1,800,000
For Sale
$1,800,000
SINGLE_FAMILY - Gainesville, GA
Property Size5,000 SF
Lot Size0.74 Acres
Price / SF$360
Days on Market22
Property Features for 2318 Old Cornelia Highway
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- C1
- Parking
- 40
- Parking features
- Parking Lot, On Street
- Security features
- Security Lighting
- Interior features
- High Ceilings 10 or Greater, Reception Area, Restrooms
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 15033B000037
- Size
- 5,000 SF
- Lot size
- 0.74 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 704
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 1
- Flooring type
- Laminate, Tile
- Building materials
- Aluminum Siding
- Roof type
- Metal, Flat
Listing agency
Homesmart Realty Partners
(404) 419-1004
Listed by
Anhad Chawla · License #443303
(404) 419-1004
Added: Jul 1 Updated: Jul 5 at 5:13PM Checked: Jul 22 at 3:06PM
MLS# 7797650
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering combines a liquor retail business with its real estate. The property includes a large warehouse space designed for bulk purchasing, and it is presented as business and real estate together, with inventory handled separately. The listing also notes a grandfathered alcohol license that is included with the sale.
The site is located at 2318 Old Cornelia Highway in Gainesville, Georgia (Hall County). The property is listed on a 0.74-acre lot and is sized at 5,000 square feet. Zoning is designated as C1.
For a buyer seeking an operating liquor business with dedicated warehouse space for bulk buying, this package may be attractive because the business and real estate are included in the sale structure and the alcohol license is noted as grandfathered. Interested parties should contact the broker for available financial information, and should plan to separately account for inventory as stated in the remarks.
The site is located at 2318 Old Cornelia Highway in Gainesville, Georgia (Hall County). The property is listed on a 0.74-acre lot and is sized at 5,000 square feet. Zoning is designated as C1.
For a buyer seeking an operating liquor business with dedicated warehouse space for bulk buying, this package may be attractive because the business and real estate are included in the sale structure and the alcohol license is noted as grandfathered. Interested parties should contact the broker for available financial information, and should plan to separately account for inventory as stated in the remarks.
Key Highlights
- Profitable liquor store business with real estate; business and real estate included (inventory separate)
- Grandfathered alcohol license included
- Large warehouse space for bulk purchasing
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.0k | $18.00 |
| − Vacancy | −$7.7k | −$1.53 |
| EGI | $82.4k | $16.47 |
| − OpEx | −$24.7k | −$4.94 |
| NOI | $57.6k | $11.53 |
5,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$823.5K
$720.6K – $960.8K
NOI $57,645 @ 7.0% cap · market cap 3.20%
Second Best
Warehouse
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,018 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - For sale C1-zoned liquor store with warehouse space, grandfathered alcohol license, and business-plus-real-estate included.
Where is this storefront property located?
The property is located at 2318 Old Cornelia Highway Gainesville, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Profitable liquor store business with real estate; business and real estate included (inventory separate); Grandfathered alcohol license included; Large warehouse space for bulk purchasing
