Dahlonega Commercial Building For
70a Memorial Drive Dahlonega, GA 30533
For Sale
$1,590,000
5,000+ sqft commercial building in downtown Dahlonega.
Property Size5,000 SF
Lot Size0.59 Acres
Price / SF$318
Days on Market1414
Property Features for 70a Memorial Drive
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.59 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1980
Listing Agency:
Dover Realty & Investments Inc
(706) 864-2600
Listed By:
Victor Dover · License #145426
(706) 864-2600
Source:
Exitrealty
Added: Sep 16, 2022
Changed: Jul 10
Last Checked: Jul 30 at 6:45AM
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 Dover Realty & Investments Inc
Investment Insights
Based on property information with market context.
This commercial building, located in downtown Dahlonega, offers an open floorplan and has been used for retail and professional businesses. The building provides 5,000+ square feet of space and is in excellent condition. An additional 5,000+ square feet of below-level drive-in storage is accessible from the main level. The property includes ample parking on its 0.59+/- acre tract. The location is highly desirable along a main thoroughfare, with traffic expected to increase due to the opening of a new school under construction nearby. The building has high visibility and easy access, facing the street. It is within walking distance of Dahlonega’s Downtown Public Square and the University of North Georgia, with sidewalk frontage and streetlight coverage. Neighboring businesses include Wells Fargo Bank, Georgia Farm Bureau Insurance, Stringer Insurance Agency, Captain D’s, Domino’s, Chick-fil-A, Zaxby’s, and Truist Bank. Utilities include city water and sewer, commercial-grade electrical, natural gas, streetlights, sidewalks, and high-speed internet. The property is suitable for a business needing optimal location, access, and visibility.
Key Highlights
- Prime downtown Dahlonega location on a highly trafficked thoroughfare with increasing traffic due to a new school nearby.
- 5,000+\/- sq ft open floorplan building in excellent condition, ready for immediate occupancy.
- Additional 5,000+\/- sq ft below‑level drive‑in storage accessible from the main level.
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 | $109.8k | $21.96 |
| − Vacancy | −$9.3k | −$1.87 |
| EGI | $100.5k | $20.09 |
| − OpEx | −$30.1k | −$6.03 |
| NOI | $70.3k | $14.07 |
5,000 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.00M
$879.1K – $1.17M
NOI $70,327 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,838 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- La Fleur Flowers and Botanicals — 40b Public Square S, Dahlonega, GA 30533
Frequently Asked Questions
What type of property is this?
Storefront property - 5,000+ sqft commercial building in downtown Dahlonega.
Where is this storefront property located?
The property is located at 70a Memorial Drive Dahlonega, GA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Prime downtown Dahlonega location on a highly trafficked thoroughfare with increasing traffic due to a new school nearby.; **5,000+\/- sq ft open floorplan building in excellent condition, ready for immediate occupancy.**; Additional 5,000+\/- sq ft below‑level drive‑in storage accessible from the main level.
