Four-Story Mixed-Use
For Sale
$2,700,000
15 E Main St NE, Buford, GA 30518
Historic downtown property combines restaurant, retail, and professional office occupancy in a walkable commercial setting.
Property Size17,224 SF
Price / SF$156.76
Days on Market47
Property Features for 15 E Main St NE
General Information
Standard status
Active
Size
17,224 SF
Building Details
Year Built
1890
Listing Agency:
Serhant Georgia
Listed By:
Tuy Luong · License #361064
(678) 707-2498
Source:
Jetsetrealty
Added: Sep 2
Changed: Oct 11
Last Checked: Oct 5 at 10:57PM
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 Serhant Georgia
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Investment Insights
Based on property information with market context.
Located at 15 E Main Street NE in Buford, Georgia, this fully occupied mixed-use property contains 17,224 square feet across four stories. Built in 1890, the building combines historic architectural character with contemporary commercial functionality and a tenant mix that includes restaurant, retail, and professional office businesses.
The property has prominent Main Street frontage in Historic Downtown Buford, surrounded by restaurants, boutiques, and other local businesses. Its setting is described as highly walkable, with access to I-985, I-85, the Mall of Georgia, and Lake Lanier. The combination of multiple commercial uses, established occupancy, and downtown placement creates a varied operating profile within a recognized local business district.
The property has prominent Main Street frontage in Historic Downtown Buford, surrounded by restaurants, boutiques, and other local businesses. Its setting is described as highly walkable, with access to I-985, I-85, the Mall of Georgia, and Lake Lanier. The combination of multiple commercial uses, established occupancy, and downtown placement creates a varied operating profile within a recognized local business district.
Key Highlights
- 17,224‑square‑foot mixed‑use building spanning four stories
- Built in 1890 with historic architectural character and modern commercial functionality
- Fully occupied with restaurant, retail, and professional office tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,648
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,612,960
$4.6M
Cap Rate 7%
$3,294,971
$3.3M
Cap Rate 9%
$2,562,756
$2.6M
Market Conditions
NOI Build-Up for 17,224 SF
Gross rent
$411.1K $23.87/SF
− Vacancy
−$103.6K −$6.02/SF
EGI
$307.5K $17.85/SF
− OpEx
−$76.9K −$4.46/SF
NOI
$230.6K $13.39/SF
Area
Gwinnett County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,612,960
Cap Rate 7%
$3,294,971
Cap Rate 9%
$2,562,756
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,648 @ 7.0% cap · market cap 8.54%
Second Best
Mixed Use
$2.99M
$2.62M – $3.49M
NOI $209,272 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$4.81M
$4.21M – $5.62M
NOI $337,034 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 30518, GA
56,149
Population
19,435
Households
2.9
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
40.0 sq mi
ZIP Area
1,404
Density / Sq Mi
$97,339
Median Household Income
$46,683
Median Earnings
$1,611
Median Rent
$367,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic downtown property combines restaurant, retail, and professional office occupancy in a walkable commercial setting.
Where is this mixed-use property located?
The property is located at 15 E Main St NE Buford, GA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 17,224‑square‑foot mixed‑use building spanning four stories; Built in 1890 with historic architectural character and modern commercial functionality; Fully occupied with restaurant, retail, and professional office tenants
