Commercial Building with Drive-In
For Sale
$1,590,000
70a Memorial Drive, Dahlonega, GA 30533
SINGLE_FAMILY - Dahlonega, GA
Property Size5,000 SF
Lot Size0.59 Acres
Price / SF$318
Days on Market1415
Property Features for 70a Memorial Drive
General Information
Property type
Residential
Property subtype
Retail
Zoning
Comm
Parking
20
Parking features
Parking Lot
Window features
Display Window(s)
Interior features
Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Free Standing, Level
View
City
Directions
GPS
Standard status
Active
APN
D11 155
Size
5,000 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
6000
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Laminate
Building materials
Block, Brick 3 Sides
Roof type
Flat
Listing Agency:
Dover Realty & Investments, Inc.
(706) 864-2600
Listed By:
Victor Dover · License #145426
(706) 864-2600
Added: Sep 15, 2022
Changed: Jul 28
Last Checked: Jul 30 at 11:06AM
MLS# 7115164
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.
A downtown commercial building offering an open floorplan that was recently used for retail and professional business purposes, and is described as being in excellent condition and ready for a new occupant. In addition to the main 5,000+/- square foot level, the property includes an additional 5,000+/- below-level drive-in storage area accessible from the main level. Ample parking is provided across essentially the full 0.59+/- acre tract, with the tract described as essentially concreted and usable.
The building is positioned along a main, highly trafficked thoroughfare with the front facing the street for visibility and access. The property also provides sidewalk frontage with streetlight coverage, placing it within easy walking distance of Dahlonega’s Downtown Public Square and the University of North Georgia.
Utilities listed for the property include City water and sewer, commercial-grade electrical, natural gas, streetlights, sidewalks, and high-speed internet. The offering is presented for sale, with the possibility of a convincing proposal to lease.
The building is positioned along a main, highly trafficked thoroughfare with the front facing the street for visibility and access. The property also provides sidewalk frontage with streetlight coverage, placing it within easy walking distance of Dahlonega’s Downtown Public Square and the University of North Georgia.
Utilities listed for the property include City water and sewer, commercial-grade electrical, natural gas, streetlights, sidewalks, and high-speed internet. The offering is presented for sale, with the possibility of a convincing proposal to lease.
Key Highlights
- Prime Downtown Dahlonega location on a highly trafficked thoroughfare with excellent visibility and easy access.
- Large 5,000+\/- sq ft building with open floorplan in excellent condition, ready for immediate occupancy.
- Additional 5,000+\/- sq ft below‑level drive‑in storage accessible from the main level.
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 | $109.8k | $21.96 |
| − Vacancy | −$9.3k | −$1.87 |
| EGI | $100.5k | $20.09 |
| − OpEx | −$30.1k | −$6.03 |
| NOI | $70.3k | $14.07 |
5,000 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.00M
$879.1K – $1.17M
NOI $70,327 @ 7.0% cap · market cap 4.42%
Second Best
Office B
$956.5K
$836.9K – $1.12M
NOI $66,955 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,838 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 30533, GA
26,589
Population
11,047
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
88%
High-School Grad
242.9 sq mi
ZIP Area
109
Density / Sq Mi
$70,417
Median Household Income
$31,105
Median Earnings
$1,080
Median Rent
$270,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Downtown commercial building with open floorplan and below-level drive-in storage plus ample concreted parking on 0.59 acres.
Where is this retail space located?
The property is located at 70a Memorial Drive Dahlonega, GA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Prime Downtown Dahlonega location on a highly trafficked thoroughfare with excellent visibility and easy access.; Large 5,000+\/- sq ft building with open floorplan in excellent condition, ready for immediate occupancy.; Additional 5,000+\/- sq ft below‑level drive‑in storage accessible from the main level.
