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 Market494
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
Source:
Moodyscre
Added: Mar 24, 2025
Changed: Jul 28
Last Checked: Jul 28 at 1:24PM
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
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 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
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
