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118 Main St Gainesville, GA 30501

OFF-MARKET Retail properties & Spaces Google Maps
0.23 ac lot Built 1936
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This 557 square foot retail or office suite is located in the historic Main Street Market building in the heart of downtown Gainesville, Georgia. Built in 1936 and renovated in 1990, this single-tenant space sits on a 0.23-acre lot and is part of a vibrant mixed-use building. The property boasts a highly desirable CBD Downtown Gainesville zoning designation, offering excellent visibility and accessibility. The building is situated in a high-traffic area, surrounded by popular restaurants, retailers, and other businesses, including Sweet Magnolia’s, Cork It, and Peyton’s Pie. Its convenient location is less than a mile from Northeast Georgia Medical Center, the Hall County Courthouse, and Brenau University, ensuring a consistent flow of potential customers. The two-story building offers a unique opportunity for a business seeking a prominent location in a thriving downtown area. The property's APN is 01-0005-06-001. This is a single-tenant space in a multi-use building, offering a blend of commercial and potentially residential opportunities. The property presents a unique chance to establish a business in a well-established and highly visible location within the Gainesville community.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1936
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Wine and Liquor Store
  • Restaurant
  • Art Gallery
  • Social Service Agency
  • Alternative Medicine Practice

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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