Liquor Store With
New
For Sale
$1,800,000
2318 Old Cornelia Highway, Gainesville, GA 30507
COMMERCIAL - Gainesville, GA
Property Size5,000 SF
Lot Size0.74 Acres
Price / SF$360
Days on Market2
Property Features for 2318 Old Cornelia Highway
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
40
Parking features
On Street, Parking Lot
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Level
Directions
Use google maps
Standard status
Active
APN
15033B000037
Size
5,000 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
704
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Flooring type
Laminate
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Homesmart Realty Partners
(404) 419-1004
Listed By:
Anhad Chawla · License #443303
(678) 999-6311
Added: Aug 4
Last Checked: Aug 5 at 12:06PM
MLS# 10818875
Copyright © 2026 Georgia Multiple Listing Service. 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.
This Gainesville property combines an operating liquor store with 5,000 square feet of commercial space, including warehouse capacity for bulk purchasing. The business and real estate are included in the sale, while inventory is separate. A grandfathered alcohol license is associated with the operation, and the source information notes month-over-month and year-over-year sales growth.
Built in 2002 on 0.74 acres, the building has aluminum siding, laminate flooring, central heating, and central air. The property includes a parking lot and on-street parking, with an accessible approach and ramp. Public water and public sewer serve the site, and cable is available. The property is located at 2318 Old Cornelia Highway in Gainesville, Georgia.
Built in 2002 on 0.74 acres, the building has aluminum siding, laminate flooring, central heating, and central air. The property includes a parking lot and on-street parking, with an accessible approach and ramp. Public water and public sewer serve the site, and cable is available. The property is located at 2318 Old Cornelia Highway in Gainesville, Georgia.
Key Highlights
- 5,000 SF property with warehouse capacity for bulk purchasing
- Business and real estate included; inventory is separate
- Grandfathered alcohol license associated with the operation
Financial Insights For Specialty 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 | $105.0k | $21.00 |
| − Vacancy | −$7.9k | −$1.58 |
| EGI | $97.1k | $19.43 |
| − OpEx | −$24.3k | −$4.86 |
| NOI | $72.8k | $14.57 |
5,000 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.04M
$910.6K – $1.21M
NOI $72,844 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$823.5K
$720.6K – $960.8K
NOI $57,645 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,018 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30507, GA
30,573
Population
9,496
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
73%
High-School Grad
70.8 sq mi
ZIP Area
432
Density / Sq Mi
$74,782
Median Household Income
$34,286
Median Earnings
$1,163
Median Rent
$236,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Business and real estate transfer together, with a grandfathered alcohol license and inventory handled separately.
Where is this grocery and convenience store located?
The property is located at 2318 Old Cornelia Highway Gainesville, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 5,000 SF property with warehouse capacity for bulk purchasing; Business and real estate included; inventory is separate; Grandfathered alcohol license associated with the operation
