Medical Office with Treatment
New
For Sale
$795,000
929 Washington Street SW, Gainesville, GA 30501
Commercial Sale, Gainesville, GA
Property Size2,588 SF
Lot Size0.13 Acres
Price / SF$307.19
Days on Market5
Property Features for 929 Washington Street SW
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
12
Parking features
Parking Lot
Fencing
Privacy
Lot features
Corner Lot
Directions
On the corner of Washington Street and John Morrow Parkway in Gainesville, GA.
Standard status
Active
APN
01046 001030
Lot size
0.13 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Additional Details
Property Use
Med Spa
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
494
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1950
Flooring type
Laminate
Building materials
Brick, Concrete
Roof type
Composition
Buildings
1
Listing Agency:
Chris McCall Realty
(770) 297-6800
Listed By:
Christopher Mccall
(770) 654-8111
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 26 at 9:06PM
MLS# 10877839
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.
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Investment Insights
Based on property information with market context.
This 1950 brick medical office at 929 Washington Street SW 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. The property also has front and rear parking areas, C3-NB zoning, public water and sewer, and cable availability.
At the Washington Street and John Morrow Parkway intersection in Gainesville, the property occupies a corner site. An existing billboard lease provides an additional income stream. The site encompasses 0.13 acres.
At the Washington Street and John Morrow Parkway intersection in Gainesville, the property occupies a corner site. An existing billboard lease provides an additional income stream. The site encompasses 0.13 acres.
Key Highlights
- Med spa business, furniture, and equipment are included with the property
- Reception area, multiple treatment rooms, and finished basement
- Finished basement has 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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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,491
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A finished lower level has separate driveway access, with parking areas at both the front and rear.
Where is this medical office space 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: Med spa business, furniture, and equipment are included with the property; Reception area, multiple treatment rooms, and finished basement; Finished basement has separate driveway access
