Liquor Store with
2318 Old Cornelia Highway Gainesville, GA 30507
2318 Old Cornelia Highway, Gainesville, GA, 30507
$1,800,000
For Sale
$1,800,000
COMMERCIAL - 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
- Commercial Sale
- Property subtype
- Retail
- Parking
- 40
- Parking features
- Parking Lot, On Street
- 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
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Flooring type
- Laminate
- Building materials
- Aluminum Siding
- Roof type
- Metal
Listing agency
Homesmart Realty Partners
(404) 419-1004
Listed by
Anhad Chawla · License #443303
(678) 999-6311
Added: Jul 1 Updated: Jul 15 at 1:44AM Checked: Jul 22 at 8:06AM
MLS# 10796990
Copyright © 2026 Georgia Multiple Listing Service. 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 for-sale property includes a liquor store business together with the real estate, offered as a combined package. The seller describes strong, consistent sales growth on a month-over-month and year-over-year basis. A large warehouse space supports bulk purchasing, and the property is noted to include a grandfathered alcohol license. Inventory is not included in the real estate/business price and is listed as separate; contact the broker for available financials.
The property is located at 2318 Old Cornelia Highway in Gainesville, Georgia (Hall County). The site totals 0.74 acres and the property size is listed at 5,000 square feet.
Transaction: for sale.
The property is located at 2318 Old Cornelia Highway in Gainesville, Georgia (Hall County). The site totals 0.74 acres and the property size is listed at 5,000 square feet.
Transaction: for sale.
Key Highlights
- Liquor store with real estate included; inventory sold separately
- Grandfathered alcohol license included with the property
- 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
Storefront properties
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FAQs
What type of property is this?
Storefront property - For-sale liquor store and real estate package with large warehouse space and a grandfathered alcohol license.
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: Liquor store with real estate included; inventory sold separately; Grandfathered alcohol license included with the property; Large warehouse space for bulk purchasing
