Gainesville Commercial Shell For
698 E Butler Parkway Gainesville, GA 30501
698 E Butler Parkway, Gainesville, GA, 30501
$268,900
For Sale
$268,900
COMMERCIAL - Gainesville, GA
Property Size950 SF
Lot Size0.02 Acres
Price / SF$283.05
Days on Market64
Property Features for 698 E Butler Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- On Street
- 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
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1930
- Building materials
- Block, Brick, Concrete, Stucco
Listing Agency
HomeSmart
(404) 876-4901
10900 Crabapple Road, Atlanta, GA
Listed by
Rusty Taylor
(678) 557-8346
Added: May 14 Checked: Jul 16 at 3:06 pm
MLS# 10764358
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 commercial property in Gainesville, GA, features a 950 sq ft shell space. Situated on a 0.02-acre lot, the property is located on the corner of one of the busiest streets in Gainesville. The existing shell could be converted into two rental units. The property is located in Hall County, with a postal code of 30501.
Key Highlights
- Prime corner lot location on one of the busiest streets in Gainesville, GA.
- Potential to convert into two rental units.
- 950 sq.ft. shell ready for customization.
Local Financial Insights For 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 | $17.1k | $18.00 |
| − Vacancy | −$1.5k | −$1.53 |
| EGI | $15.6k | $16.47 |
| − OpEx | −$4.7k | −$4.94 |
| NOI | $11.0k | $11.53 |
950 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$156.5K
$136.9K – $182.6K
NOI $10,953 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.0K
$232.8K – $310.4K
NOI $18,623 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Occasions Florist — 100 Washington St NW, Gainesville, GA 30501
- Southern Florals — 535 dixon dr, gainesville, ga 30501
- Enemies of the Average — 114 Washington St NE, Gainesville, GA 30501
FAQs
What type of property is this?
Storefront property - 950 sq ft commercial shell on busy corner lot.
Where is this storefront property located?
The property is located at 698 E Butler Parkway Gainesville, GA.
What is the asking price?
The asking price for this property is $268,900.
What are key features of this property?
This property features: Prime corner lot location on one of the busiest streets in Gainesville, GA.; Potential to convert into two rental units.; 950 sq.ft. shell ready for customization.
