Retail Space with Exposed
For Sale
$249,900
698 Butler Parkway, Gainesville, GA 30501
Commercial Sale, Gainesville, GA
Property Size950 SF
Lot Size0.02 Acres
Price / SF$263.05
Days on Market155
Property Features for 698 Butler Parkway
General Information
Property type
Residential
Property subtype
Retail
Zoning
G-B
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
Amenities
natural light
two separate entrances
Building Details
Year built
1930
Floors in Building
1
Flooring type
Tile
Building materials
Brick, Stucco
Roof type
Flat
Listing Agency:
HomeSmart · HomeSmart International
(404) 876-4901
Listed By:
RUSTY TAYLOR
(678) 557-8346
Added: May 14
Changed: Oct 5
Last Checked: Oct 15 at 2:06AM
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 space is currently a shell, allowing the next owner to plan the interior build-out. Exposed brick, natural light, ceilings higher than 10 feet, and two separate entrances are among its existing features. The building dates to 1930 and has tile flooring, a flat roof, and brick and stucco construction.
At the corner of E.E. Butler Parkway, the property is approximately 3/4 mile from Gainesville’s historic square. G-B zoning applies. Two on-street public parking spaces sit adjacent to the property; they are first-come, first-served and are neither deeded nor reserved exclusively. Public water and sewer serve the property, and natural gas is available.
At the corner of E.E. Butler Parkway, the property is approximately 3/4 mile from Gainesville’s historic square. G-B zoning applies. Two on-street public parking spaces sit adjacent to the property; they are first-come, first-served and are neither deeded nor reserved exclusively. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- 950 square feet of retail space
- Shell condition for a planned interior build‑out
- Ceilings higher than 10 feet, exposed brick, natural light, and two entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,953
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,060
$219.1K
Cap Rate 7%
$156,471
$156.5K
Cap Rate 9%
$121,700
$121.7K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$17.1K $18.00/SF
− Vacancy
−$1.5K −$1.53/SF
EGI
$15.6K $16.47/SF
− OpEx
−$4.7K −$4.94/SF
NOI
$11.0K $11.53/SF
Area
Hall County, GA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,060
Cap Rate 7%
$156,471
Cap Rate 9%
$121,700
Alternative Uses
Best Use
Retail
$156.5K
$136.9K – $182.6K
NOI $10,953 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3,029
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - The shell interior offers a flexible starting point for a buyer’s build-out, with G-B zoning.
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 square feet of retail space; Shell condition for a planned interior build‑out; Ceilings higher than 10 feet, exposed brick, natural light, and two entrances
