Brewery and Restaurant
434 & 432 High Street SW Gainesville, GA 30501
434 & 432 High Street SW, Gainesville, GA, 30501
$3,950,000
For Sale
$3,950,000
Renovated 1950-built brewery-restaurant with on-site outdoor patio, ample parking, and multiple access points.
Property Size18,679 SF
Lot Size1.07 Acres
Price / SF$211.47
Days on Market85
Property Features for 434 & 432 High Street SW
General Information
- Standard status
- Active
- Size
- 18,679 SF
- Lot size
- 1.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Norton Commercial Acreage Group
(770) 532-0022
Listed by
Stephen Lovett · License #320687
Source
Corcoran
Added: Apr 28 Updated: Jul 20 at 8:57PM Checked: Jul 21 at 5:09AM
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 Norton Commercial Acreage Group
Investment Insights
Based on property information with market context.
This income-producing property consists of approximately 18,679 square feet on about 1.07 acres and is occupied by an established brewery and restaurant tenant. Originally constructed in 1950 and completely renovated in 2023, the improvements include an approximately 15,379 square foot brewery space and an approximately 3,300 square foot restaurant. There is also an approximately 4,514 square foot outdoor patio intended to support high-volume customer engagement.
The site is positioned on the edge of Downtown Gainesville and benefits from high visibility and convenient access, with proximity to dining, retail, and entertainment options. The property is located directly adjacent to the Midland Greenway and is described as roughly a 10–15 minute walk from downtown. Multiple points of access and ample parking support day-to-day patron flow.
For buyers seeking a stabilized setup, the property provides renovated brewery and restaurant space along with an outdoor patio and parking to support ongoing operations.
The site is positioned on the edge of Downtown Gainesville and benefits from high visibility and convenient access, with proximity to dining, retail, and entertainment options. The property is located directly adjacent to the Midland Greenway and is described as roughly a 10–15 minute walk from downtown. Multiple points of access and ample parking support day-to-day patron flow.
For buyers seeking a stabilized setup, the property provides renovated brewery and restaurant space along with an outdoor patio and parking to support ongoing operations.
Key Highlights
- Approximately 18,679 SF on about 1.07 acres, including about 15,379 SF brewery space and about 3,300 SF restaurant space
- Originally built in 1950 and completely renovated in 2023
- Includes an outdoor patio of approximately 4,514 SF designed for high‑volume customer use
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Peterson Engineering Services
Engineer
Vendetti’s Pizza Pasta ...
Restaurant
NoFo Brew Co
Production Facility
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FAQs
What type of property is this?
Brewery - Renovated 1950-built brewery-restaurant with on-site outdoor patio, ample parking, and 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: Approximately 18,679 SF on about 1.07 acres, including about 15,379 SF brewery space and about 3,300 SF restaurant space; Originally built in 1950 and completely renovated in 2023; Includes an outdoor patio of approximately 4,514 SF designed for high‑volume customer use
