Current Use by Public Records
- Lifestyle centers
Property Details for 5646 Price Roa
- Year built
- 1970
- Lot size
- 2.35 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Gainesville, GA mixed-use property presents a compelling investment opportunity. Located on a 2.35-acre lot (including a 1.42-acre surrounding lot) at 5646 Price Road, 30506, this 3,090 square foot building boasts a prime location near Lake Lanier, offering high visibility and accessibility off a major highway. Currently, the property features two established tenants generating $4,500 in monthly rental income ($54,000 annually). The building is zoned Suburban Shopping (S-S), allowing for diverse development options. A significant portion of the building (approximately 1,400 square feet) is currently vacant, presenting a substantial opportunity to increase income through leasing. This space is suitable for various uses, including insurance businesses, brokerages, or salons. The expansive lot size also allows for the potential construction of additional commercial structures, such as a storefront or shopping plaza. Built in 1970, this multi-tenant property offers a 7.20% cap rate and is currently at 50% occupancy. The asking price is $750,000, translating to $242.72 per square foot. This property offers a blend of immediate income and significant long-term growth potential, making it an ideal addition to any investment portfolio.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.9645
- Latitude
- 34.3956
