Dahlonega Commercial Building For
For Sale
$1,590,000
70 Memorial Drive, Dahlonega, GA 30533
5,000+/- sq ft building in downtown Dahlonega.
Property Size5,000 SF
Lot Size0.59 Acres
Price / SF$318
Days on Market1414
Property Features for 70 Memorial Drive
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.59 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1974
Listing Agency:
Dover Realty & Investments Inc
(706) 864-2600
Listed By:
Victor Dover · License #145426
(706) 864-2600
Source:
Exitrealty
Added: Sep 16, 2022
Changed: Jul 6
Last Checked: Jul 30 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dover Realty & Investments Inc
Investment Insights
Based on property information with market context.
Located in downtown Dahlonega, this commercial building offers approximately 5,000 square feet of space with an open floorplan. The building, previously used for retail and professional business, is in excellent condition and ready for occupancy. An additional 5,000 square feet of below-level drive-in storage is accessible from the main level. The property includes ample parking on a 0.59-acre tract. Situated along a highly trafficked thoroughfare, the property's visibility and access are enhanced, with traffic expected to increase due to the upcoming opening of a new school under construction nearby. The building is within walking distance of Dahlonega's Downtown Public Square and the University of North Georgia, with sidewalk frontage and streetlight coverage. Neighboring businesses include Wells Fargo Bank, Georgia Farm Bureau Insurance, Stringer Insurance Agency, Captain D's, Domino's, Chic-fil-A, and Truist Bank. Utilities include city water and sewer, commercial-grade electrical, natural gas, streetlights, sidewalks, and high-speed internet. This property is suited for a business seeking a prime location with high visibility.
Key Highlights
- Prime downtown Dahlonega location on a highly trafficked thoroughfare.
- Excellent visibility and easy access from the main street.
- Large 5,000+\/- sq ft open floorplan building in excellent condition, ready for immediate occupancy.**
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
—
—
no second resolved use
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
971
Businesses Nearby
145k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 31%
Home Improvements & Furnishings 5%
Chick-fil-A
Dining
30,357 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
16,451 visits/mo
0.2 miles
Whataburger
Dining
13,494 visits/mo
0.3 miles
Taco Bell
Dining
11,256 visits/mo
0.2 miles
Wendy's
Dining
9,082 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- La Fleur Flowers and Botanicals — 40b Public Square S, Dahlonega, GA 30533
Frequently Asked Questions
What type of property is this?
Storefront property - 5,000+/- sq ft building in downtown Dahlonega.
Where is this storefront property located?
The property is located at 70 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.; Excellent visibility and easy access from the main street.; Large 5,000+\/- sq ft open floorplan building in excellent condition, ready for immediate occupancy.**
