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    Gainesville Commercial Shell For Sale

    698 E Butler Parkway Gainesville, GA 30501

    698 E Butler Parkway, Gainesville, GA, 30501
    $268,900
    For Sale
    Claim this Listing
    $268,900

    COMMERCIAL - Gainesville, GA

    Property Size950 SF
    Lot Size0.02 Acres
    Price / SF$283.05
    AddedMay 14
    Days on Market64
    Last RefreshJul 16 at 2:06 pm

    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 agent Rusty Taylor

    Listing office HomeSmart 10900 Crabapple Road, Atlanta, GA

    Listing date May 14, 2026

    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 (±1% cap)
    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 (±1% cap)
    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

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    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.
    Contact an agent
    (678) 557-8346
    We can help!
    Contact an agent
    Rusty Taylor
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