Med Spa Property with Business
New
For Sale
$795,000
929 Washington Street SW, Gainesville, GA 30501
The sale combines an existing med spa operation with its building, land, furniture, and equipment.
Property Size1,950 SF
Price / SF$307.19
Days on Market5
Property Features for 929 Washington Street SW
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Commercial
Zoning
C3-NB
Financials
Asking Price
$795,000
Business Included
Yes
Additional Details
Furnished
Yes
Currently Operating
Yes
Property Use
Med Spa
Amenities
0.13 acres, Corner Lot
Composition
Privacy
Public Sewer
Parcel Number: 01046 001030, Annual Amount: $494, Lot: 17, Year: 2025
Laminate
Central Air, Electric
Central, Electric, Hot Water, Natural Gas
Listing ID: 10877839, Standard Status: Active, MLS Status: New, On market as of 2026-10-22, 4 days on market
12 total parking spaces, Parking Lot
Built in 1950, Construction Materials: Brick, Concrete
County/Parish: Hall
Updated/Remodeled, Other structures: Billboard
Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Water Source: Public, 220 Volts
Close Of Escrow
Energy Efficiency: Thermostat, Water Heater
Water Body Name: NONE
Building Details
Building Size
1,950 SF
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
Chris McCall Realty
(770) 297-6800
Listed By:
Christopher McCall · License #183869
(770) 654-7111
Source:
Blackstreaminternational
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 3:21PM
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 Chris McCall Realty
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Investment Insights
Based on property information with market context.
The 2,588-square-foot, all-brick property was built in 1950 and includes a reception area, multiple treatment rooms, and a finished basement with its own driveway access. The existing med spa business, furniture, and equipment are included with the building and land. Front and rear parking areas serve the property.
At 929 Washington Street SW in Gainesville, the site is at the intersection of Washington Street and John Morrow Parkway. It carries C3-NB zoning and includes an existing billboard lease.
At 929 Washington Street SW in Gainesville, the site is at the intersection of Washington Street and John Morrow Parkway. It carries C3-NB zoning and includes an existing billboard lease.
Key Highlights
- 2,588‑square‑foot all‑brick commercial building
- Existing med spa business, building, land, furniture, and equipment included
- Reception area, multiple treatment rooms, and finished basement with separate driveway access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,022
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,440
$700.4K
Cap Rate 7%
$500,314
$500.3K
Cap Rate 9%
$389,133
$389.1K
Market Conditions
NOI Build-Up for 2,588 SF
Gross rent
$65.2K $25.20/SF
− Vacancy
−$6.8K −$2.65/SF
EGI
$58.4K $22.55/SF
− OpEx
−$23.3K −$9.02/SF
NOI
$35.0K $13.53/SF
Area
Hall County, GA
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,440
Cap Rate 7%
$500,314
Cap Rate 9%
$389,133
Alternative Uses
Best Use
Healthcare Medical
$500.3K
$437.8K – $583.7K
NOI $35,022 @ 7.0% cap · market cap 4.41%
Second Best
Office B
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$724.8K
$634.2K – $845.6K
NOI $50,734 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,491
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 30501, GA
29,779
Population
12,916
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
71%
High-School Grad
21.9 sq mi
ZIP Area
1,360
Density / Sq Mi
$58,214
Median Household Income
$33,299
Median Earnings
$1,152
Median Rent
$249,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- GAINSWAVE Gainesville — 723 Washington St NW #2, Gainesville, GA 30501
- Eastern Healing Arts, Inc. — 604 Washington St NW # A4, Gainesville, GA 30501
- KLS Chiropractic — 307 Green St, Gainesville, GA 30501
- Georgia Pain & Wellness Center — 466 Green St, Gainesville, GA 30501
Frequently Asked Questions
What type of property is this?
Spa & wellness property - The sale combines an existing med spa operation with its building, land, furniture, and equipment.
Where is this spa & wellness property located?
The property is located at 929 Washington Street SW Gainesville, GA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,588‑square‑foot all‑brick commercial building; Existing med spa business, building, land, furniture, and equipment included; Reception area, multiple treatment rooms, and finished basement with separate driveway access
