Brewery and Restaurant
434 & 432 High Street SW Gainesville, GA 30501
For Sale
$3,950,000
COMMERCIAL - Gainesville, GA
Property Size18,679 SF
Lot Size1.07 Acres
Price / SF$211.47
Days on Market135
Property Features for 434 & 432 High Street SW
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Standard status
Active
APN
01017 001004
Size
18,679 SF
Lot size
1.07 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
1112
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Building materials
Brick, Concrete
Listing Agency:
Norton Commercial Acreage Group
(770) 297-4800
Listed By:
Stephen Lovett · License #320687
(770) 842-6635
Added: Mar 16
Changed: Jul 28
Last Checked: Jul 28 at 1:06PM
MLS# 10742548
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 income-producing property is occupied by an established brewery and restaurant tenant. The building was originally constructed in 1950 and underwent a complete renovation in 2023. Improvements include approximately 15,379 square feet of brewery space, approximately 3,300 square feet of restaurant space, and an outdoor patio of approximately 4,514 square feet designed for high-volume customer engagement. The site also provides ample parking and multiple points of access.
Located on the edge of Downtown Gainesville at 434 & 432 High Street SW, the property offers a highly visible and accessible setting adjacent to the Midland Greenway. It is described as roughly a 10–15-minute walk from the heart of downtown and provides convenient access to Queen City Parkway and E.E. Butler Parkway.
The current configuration supports a brewery-plus-restaurant operation with indoor production and dining space, along with an outdoor patio area for patron activity.
Located on the edge of Downtown Gainesville at 434 & 432 High Street SW, the property offers a highly visible and accessible setting adjacent to the Midland Greenway. It is described as roughly a 10–15-minute walk from the heart of downtown and provides convenient access to Queen City Parkway and E.E. Butler Parkway.
The current configuration supports a brewery-plus-restaurant operation with indoor production and dining space, along with an outdoor patio area for patron activity.
Key Highlights
- ±1.07‑acre property with a total building area of ±18,679 SF
- Occupied by an established brewery and restaurant tenant, providing a stabilized income stream
- Completely renovated in 2023; brick and concrete construction
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 | $392.3k | $21.00 |
| − Vacancy | −$29.4k | −$1.58 |
| EGI | $362.8k | $19.43 |
| − OpEx | −$90.7k | −$4.86 |
| NOI | $272.1k | $14.57 |
18,679 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.89M
$3.40M – $4.54M
NOI $272,130 @ 7.0% cap · market cap 6.89%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,869 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$5.23M
$4.58M – $6.10M
NOI $366,175 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Brewery - Renovated in 2023, this brewery and restaurant includes an outdoor patio and ample parking with multiple access points.
Where is this brewery located?
The property is located at 434 & 432 High Street SW Gainesville, GA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: ±1.07‑acre property with a total building area of ±18,679 SF; Occupied by an established brewery and restaurant tenant, providing a stabilized income stream; Completely renovated in 2023; brick and concrete construction
