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Property profile & analytics
FOR SALE
Retail space

1636 Atlanta Hwy Gainesville, GA 30504

4,032 SF 0.47 ac lot Built 1954
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US22-4257827
Property summary
AI-generated overview

This freestanding retail building, located at 1636 Atlanta Highway in Gainesville, Georgia, presents a compelling investment opportunity. Built in 1980, the property sits on a 0.47-acre lot and comprises approximately 4,000 square feet of retail space, divided into two suites (A and B). Suite B is currently leased to a grocery store, generating immediate income. The building enjoys a highly visible location on Atlanta Highway, a major thoroughfare with approximately 22,000 cars passing daily, ensuring significant exposure to potential customers. Its strategic placement within a mini-shopping center, surrounded by other commercial businesses and a motel, further enhances its appeal. The property's location in historic Gainesville, Georgia, adds to its character and potential for growth. The asking price for this well-situated retail property is $1,300,000. This represents a rare chance to acquire a profitable retail asset in a thriving commercial area. The property's strong location and existing tenancy make it an attractive investment for both seasoned and new investors seeking a stable income stream and potential for future appreciation. The zip code is 30504.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1954
Total area 4,032 SF
Lot 0.47 ac (20,473 SF)
Zoning code H-B
APN 01-133A-004-006
UPID US22-4257827
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Express Inn Investment Grp LLC · 4 yrs held
Express Inn Investment Grp LLC
since 2022
Last sale
$565,000
2 recorded transactions
2022
$565,000
2021
$176,000
Zoning & alternative use
H-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source ARTICLE 9-1
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