Historic Dahlonega Square
For Sale
Contact for pricing
75 E Main St, Dahlonega, GA 30533
Unique property on the Historic Dahlonega Square.
Property Size7,000 SF
Price / SF$313.57
Days on Market717
Property Features for 75 E Main St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Zoning
CBD
Building Details
Buildings
1
Stories
1
Listing Agency:
The Norton Agency Gainesville
Listed By:
CJ Harman · License #GA 418299
(706) 594-2456
Source:
Crexi
Added: Oct 21, 2024
Changed: Oct 6
Last Checked: Oct 5 at 7:22PM
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 The Norton Agency Gainesville
Investment Insights
Based on property information with market context.
Located on the Historic Dahlonega Square, 75 East Main Street presents an opportunity in one of the nation's fastest-growing counties. The property is situated steps away from the University of North Georgia’s Dahlonega campus, which has nearly 8,000 students. The 7,000-square-foot building is currently home to a successful, long-standing, multi-vendor antique store business that could be included in the sale. The property's CBD zoning in the City of Dahlonega allows for revitalization of this space into a restaurant, event venue, church, or historic museum. Dahlonega is known as the start of the gold rush in the early 1800’s, and its history still attracts visitors. The area also features agritourism attractions such as wineries, wedding venues, resorts, hiking trails, and ATV parks. The property is suited for an owner-user re-imagination of the space or for someone looking for an income-producing property.
Key Highlights
- Prime location on the Historic Dahlonega Square, a vibrant downtown area.
- Close proximity to the University of North Georgia's Dahlonega campus.
- CBD zoning offers diverse redevelopment opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,458
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,160
$2.0M
Cap Rate 7%
$1,406,543
$1.4M
Cap Rate 9%
$1,093,978
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$153.7K $21.96/SF
− Vacancy
−$13.1K −$1.87/SF
EGI
$140.7K $20.09/SF
− OpEx
−$42.2K −$6.03/SF
NOI
$98.5K $14.07/SF
Area
Lumpkin County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,160
Cap Rate 7%
$1,406,543
Cap Rate 9%
$1,093,978
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,458 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,974 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
138k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 25%
Home Improvements & Furnishings 5%
Chick-fil-A
Dining
30,357 visits/mo
0.4 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
16,451 visits/mo
0.4 miles
Whataburger
Dining
13,494 visits/mo
0.5 miles
Taco Bell
Dining
11,256 visits/mo
0.4 miles
Wendy's
Dining
9,082 visits/mo
0.5 miles
Demographics for 30533, GA
26,589
Population
11,047
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
88%
High-School Grad
242.9 sq mi
ZIP Area
109
Density / Sq Mi
$70,417
Median Household Income
$31,105
Median Earnings
$1,080
Median Rent
$270,300
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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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 - Unique property on the Historic Dahlonega Square.
Where is this storefront property located?
The property is located at 75 E Main St Dahlonega, GA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Prime location on the Historic Dahlonega Square, a vibrant downtown area.; Close proximity to the University of North Georgia's Dahlonega campus.; CBD zoning offers diverse redevelopment opportunities.
