Mixed-Use Building with Dual
232 Main Street E, Dahlonega, GA 30533
For Sale
$350,000
The two-level building includes kitchen and bathroom facilities on both floors, with a bedroom in the basement.
Property Size1,350 SF
Price / SF$259.26
Days on Market69
Property Features for 232 Main Street E
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Chestatee Real Estate, LLC
(706) 867-0196
Listed By:
William H Luesing · License #206486
(706) 344-9221
Source:
Batten-taylor
Added: Aug 31
Changed: Nov 4
Last Checked: Nov 7 at 4:53AM
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 Chestatee Real Estate, LLC
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Investment Insights
Based on property information with market context.
At 232 Main Street E, this 1,350-square-foot building sits on a 0.235-acre parcel with frontage on Main Street and Alma Street. Built in 1930, it has three rooms, a kitchen, and a full bathroom on the main floor. The basement contains a bedroom, kitchenette, and another full bathroom.
The property is approximately 1,300 feet by sidewalk from the Historic Dahlonega Square and lies between the Square and Walmart. It is offered as-is and requires maintenance and repair. The listing identifies commercial and residential potential; redevelopment or expansion would be subject to applicable approvals.
The property is approximately 1,300 feet by sidewalk from the Historic Dahlonega Square and lies between the Square and Walmart. It is offered as-is and requires maintenance and repair. The listing identifies commercial and residential potential; redevelopment or expansion would be subject to applicable approvals.
Key Highlights
- 1,350‑square‑foot building on a 0.235‑acre parcel
- Frontage on both Main Street and Alma Street
- Main floor has three rooms, a kitchen, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,403
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,060
$328.1K
Cap Rate 7%
$234,329
$234.3K
Cap Rate 9%
$182,256
$182.3K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$29.2K $21.60/SF
− Vacancy
−$2.9K −$2.16/SF
EGI
$26.2K $19.44/SF
− OpEx
−$9.8K −$7.29/SF
NOI
$16.4K $12.15/SF
Area
Lumpkin County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,060
Cap Rate 7%
$234,329
Cap Rate 9%
$182,256
Alternative Uses
Best Use
Mixed Use
$234.3K
$205.0K – $273.4K
NOI $16,403 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,416 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The two-level building includes kitchen and bathroom facilities on both floors, with a bedroom in the basement.
Where is this mixed-use property located?
The property is located at 232 Main Street E Dahlonega, GA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,350‑square‑foot building on a 0.235‑acre parcel; Frontage on both Main Street and Alma Street; Main floor has three rooms, a kitchen, and a full bathroom
