Dahlonega Commercial Building For
For Sale
Contact for pricing
70a Memorial Drive, Dahlonega, GA 30533
5,000+ SF building in downtown Dahlonega with drive-in storage.
Property Size5,000 SF
Lot Size0.59 Acres
Price / SF$338
Days on Market830
Property Features for 70a Memorial Drive
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
20
Lot size
0.59 Acres
Property subtype
Retail
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Dover Realty & Investments, Inc.
Listed By:
Melissa Dover
(706) 344-8850
Source:
Crexi
Added: Jul 13, 2024
Changed: Oct 1
Last Checked: Oct 19 at 4:49AM
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.
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Investment Insights
Based on property information with market context.
This commercial building in downtown Dahlonega offers an exceptional opportunity. The property features a 5,000+ square foot building with an open floorplan, previously used for retail and professional business purposes. The building is in excellent condition and ready for immediate occupancy. An additional 5,000+ square foot below-level drive-in storage area is accessible from the main level. The 0.59+/- acre lot is primarily concreted, providing ample parking space. The property's location along a highly trafficked thoroughfare offers high visibility and easy access. The opening of a new school under construction nearby is expected to increase traffic further. The building 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, Chic-fil-A, Zaxby’s, and Truist Bank. The property is equipped with city water and sewer, commercial-grade electrical, natural gas, streetlights, sidewalks, and high-speed internet. This property is suited for a business seeking a prime location with excellent access and visibility.
Key Highlights
- Prime downtown Dahlonega location on a highly trafficked thoroughfare.
- 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
Estimated NOI and Cap Rate
NOI / Yr
$70,327
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,540
$1.4M
Cap Rate 7%
$1,004,671
$1.0M
Cap Rate 9%
$781,411
$781.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$109.8K $21.96/SF
− Vacancy
−$9.3K −$1.87/SF
EGI
$100.5K $20.09/SF
− OpEx
−$30.1K −$6.03/SF
NOI
$70.3K $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%
$1,406,540
Cap Rate 7%
$1,004,671
Cap Rate 9%
$781,411
Alternative Uses
Best Use
Retail
$1.00M
$879.1K – $1.17M
NOI $70,327 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,838 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
145k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 31%
Home Improvements & Furnishings 5%
Chick-fil-A
Dining
30,357 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
16,451 visits/mo
0.2 miles
Whataburger
Dining
13,494 visits/mo
0.3 miles
Taco Bell
Dining
11,256 visits/mo
0.2 miles
Wendy's
Dining
9,082 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in South region
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+ SF building in downtown Dahlonega with drive-in storage.
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 $1,690,000.
What are key features of this property?
This property features: Prime downtown Dahlonega location on a highly trafficked thoroughfare.; 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.
