Downtown Retail Building with
For Sale
Contact for pricing
70 Memorial Dr, Dahlonega, GA 30533
Retail building with an open floorplan, additional below-level drive-in storage, and largely concreted parking on a usable tract.
Property Size5,000 SF
Lot Size0.59 Acres
Price / SF$318
Days on Market585
Property Features for 70 Memorial Dr
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.59 Acres
Property subtype
RETAIL
Site & Location
Road Access
Yes
Utilities to Site
Yes
Listing Agency:
Pen Pointe Brokers LLC
(404) 425-8949
Listed By:
Victoria Willis
(770) 910-7459
Source:
Moodyscre
Added: Mar 24, 2025
Changed: Oct 26
Last Checked: Oct 28 at 10:25AM
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 Pen Pointe Brokers LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building offers 5,000+/- square feet of above-level retail/professional space with an open floorplan, currently in excellent condition and ready for a new occupant. In addition, there is approximately 5,000+/- square feet of below-level drive-in storage that is accessible from the main level, supporting flexible operational use.
The property is located downtown along a main, highly trafficked thoroughfare, with the front facing the street for direct visibility and easy access. It also benefits from ample parking on a 0.59+/- acre tract that is essentially fully concreted and usable, and the location provides convenient walking access to the Dahlonega Downtown Public Square and the University of North Georgia via sidewalk frontage.
On-site utilities include city water and sewer, commercial-grade electrical, natural gas, streetlights, sidewalks, and high-speed internet.
The property is located downtown along a main, highly trafficked thoroughfare, with the front facing the street for direct visibility and easy access. It also benefits from ample parking on a 0.59+/- acre tract that is essentially fully concreted and usable, and the location provides convenient walking access to the Dahlonega Downtown Public Square and the University of North Georgia via sidewalk frontage.
On-site utilities include city water and sewer, commercial-grade electrical, natural gas, streetlights, sidewalks, and high-speed internet.
Key Highlights
- Downtown Dahlonega commercial building with 5,000+/- SF and an open floorplan
- Additional 5,000+/- below‑level drive‑in storage, accessible from the main level
- 0.59+/- acre tract with ample parking and essentially the entire lot concreted for usability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,327
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,540
$1.4M
Cap Rate 7%
$1,004,671
$1.0M
Cap Rate 9%
$781,411
$781.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$109.8K $21.96/SF
− Vacancy
−$9.3K −$1.87/SF
EGI
$100.5K $20.09/SF
− OpEx
−$30.1K −$6.03/SF
NOI
$70.3K $14.07/SF
Area
Lumpkin County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,540
Cap Rate 7%
$1,004,671
Cap Rate 9%
$781,411
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
145k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building with an open floorplan, additional below-level drive-in storage, and largely concreted parking on a usable tract.
Where is this retail space located?
The property is located at 70 Memorial Dr 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: Downtown Dahlonega commercial building with 5,000+/- SF and an open floorplan; Additional 5,000+/- below‑level drive‑in storage, accessible from the main level; 0.59+/- acre tract with ample parking and essentially the entire lot concreted for usability
