Corner Retail Shell with Two
For Sale
$249,900
698 Butler Parkway, Gainesville, GA 30501
SINGLE_FAMILY - Gainesville, GA
Property Size950 SF
Lot Size0.02 Acres
Price / SF$263.05
Days on Market84
Property Features for 698 Butler Parkway
General Information
Property type
Residential
Property subtype
Retail
Zoning
G-B
Parking
2
Parking features
On Street
Interior features
High Ceilings 10 or Greater
Lot features
Corner Lot
View
City
Directions
It is on the corner of EE Butler Parkwasy and Summit street SW. Put 698 EE Butler PKWY into your GPS and it will take you to the front door.
Standard status
Active
APN
01020 004011
Size
950 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1901
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Flooring type
Tile
Building materials
Stucco, Brick
Roof type
Flat
Listing Agency:
HomeSmart · HomeSmart International
(404) 876-4901
Listed By:
RUSTY TAYLOR
(404) 876-4901
Added: May 14
Changed: Jul 22
Last Checked: Aug 5 at 2:06PM
MLS# 7770637
Copyright © 2026 First Multiple Listing Service, Inc. 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 950-square-foot retail shell is positioned on a high-visibility corner lot and offers two entrances for customer flow. The space features 10+ foot ceilings, with exposed brick visible in places, and benefits from abundant natural light. The property is being sold as-is, giving a straightforward blank-canvas layout for a buyer’s buildout plans.
The site sits about 3/4 mile from Gainesville’s historic square, placing it within an active downtown retail and dining area. The property is zoned G-B.
With its corner orientation and dual access points, the building is well suited for a range of retail-oriented concepts consistent with the existing zoning designation.
The site sits about 3/4 mile from Gainesville’s historic square, placing it within an active downtown retail and dining area. The property is zoned G-B.
With its corner orientation and dual access points, the building is well suited for a range of retail-oriented concepts consistent with the existing zoning designation.
Key Highlights
- 950 sq ft shell on a high‑visibility corner lot, about 3/4 mile from Gainesville's historic square
- 10+ ft high ceilings, with exposed brick peeking through in places and tile flooring
- Zoned G‑B, offering flexibility for restaurant/coffee shop, boutique retail, small grocery/specialty market, or offices/retail
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 | $20.0k | $21.00 |
| − Vacancy | −$1.5k | −$1.58 |
| EGI | $18.5k | $19.43 |
| − OpEx | −$4.6k | −$4.86 |
| NOI | $13.8k | $14.57 |
950 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$197.7K
$173.0K – $230.7K
NOI $13,840 @ 7.0% cap · market cap 5.54%
Second Best
Retail
$156.5K
$136.9K – $182.6K
NOI $10,953 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$266.0K
$232.8K – $310.4K
NOI $18,623 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3,132
Businesses Nearby
Explore this area
Business Placement
Demographics for 30501, GA
29,779
Population
12,916
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
71%
High-School Grad
21.9 sq mi
ZIP Area
1,360
Density / Sq Mi
$58,214
Median Household Income
$33,299
Median Earnings
$1,152
Median Rent
$249,900
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Retail shell on a high-visibility corner lot with two entrances and 10+ foot ceilings, sold as-is.
Where is this retail space located?
The property is located at 698 Butler Parkway Gainesville, GA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 950 sq ft shell on a high‑visibility corner lot, about 3/4 mile from Gainesville's historic square; 10+ ft high ceilings, with exposed brick peeking through in places and tile flooring; Zoned G‑B, offering flexibility for restaurant/coffee shop, boutique retail, small grocery/specialty market, or offices/retail
