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    2191 Old Cornelia Hwy Gainesville, GA 30507

    Sponsored
    For Sale
    $6,000,000

    High-growth area, I-985 access, two homes.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 16.25-acre commercial land parcel presents a remarkable investment opportunity in Gainesville, Georgia. Strategically located at I-985 exit 24, the property boasts frontage on both Jesse Jewell Parkway and Old Cornelia Highway, ensuring high visibility and accessibility. The land is zoned RII and HB (Hall County), offering a range of development possibilities. Its prime location is further enhanced by its proximity to the city limits of Gainesville and a substantial 1,122-acre planned residential development. The property includes two existing homes, adding potential value or flexibility for future development plans. Sewer access is readily available nearby, simplifying infrastructure considerations. The asking price is $6,000,000. This property's size and location in a high-growth area make it ideal for a variety of commercial ventures. The potential for additional acreage acquisition further expands the development possibilities. This is a rare opportunity to acquire a significant commercial land holding in a rapidly developing area of Hall County.

    Property Features for 2191 Old Cornelia Hwy

    General Information

    Property type
    Land
    Lot Size
    707,850 SF

    HighLights

    • Price Upon Request
    • 16.25+/- Acres (Partially Public)
    • RII & HB Zoning (Hall County)
    • Adjacent to Gainesville City Limits
    • Near a 1,122+/- Acre Planned Residential Development
    • High‑Growth Area
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.783744
    Latitude
    34.3142517

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    FAQs

    What type of property is this?
    Land - High-growth area, I-985 access, two homes.
    Where is this land located?
    The property is located at 2191 Old Cornelia Hwy Gainesville, GA.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Price Upon Request; 16.25+/- Acres (Partially Public); RII & HB Zoning (Hall County)
    Request Owner's contact information
    2191 Old Cornelia Hwy Gainesville, GA 30507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2191 Old Cornelia Hwy Gainesville, GA 30507
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