1963 Jesse Jewell NE Pkwy, Gainesville, GA 30501
- Retail space
- 22,543 SF
- 3.41 lot acres
Current Use by Public Records
- Beverly's Ace Hardware / Building Supply / Hardware & Home Improvement
- Electric Vehicle Charging Station / Electric Vehicle Charging Station
- McAlister’s Deli / Food Market / Restaurant
- Taco Mac / Restaurant
Property Details for 1963 Jesse Jewell NE Pkwy
- Year built
- 2019
- Lot size
- 3.41 lot acres
- Zone code
- PUD
- Property type
- Retail space
- APN
- 09-123 -000-033
- APU
- 9123000033
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 21, 2022 | — | New Holland 1963 LLC | Mark Beverly Real Estate Holdings L | Warranty Deed | — |
Description
This exceptional 29,070-square-foot Class A retail building, constructed in 2019, is available for sale or lease in Gainesville, Georgia's thriving New Holland Market Shopping Center. Situated on a 3.41-acre lot (APN: 09123 000033) and zoned PUD, the property boasts 102 parking spaces and a 100% sprinkler system. The building includes a 5,675-square-foot mezzanine level and a 3,220-square-foot enclosed garden center. Currently occupied, the tenant will vacate upon sale or lease. This prime location offers easy access to I-985 at Exit 24 and is anchored by Kroger, surrounded by a variety of successful businesses including Verizon, several restaurants, and national chains. Gainesville/Hall County is experiencing significant growth, recently recognized as a top-performing small metro area nationally. This presents a unique opportunity to acquire a high-quality retail property in a rapidly expanding market. The property's size, amenities, and location make it ideal for a variety of retail uses.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,330,000
- 6.5%
- $4,000,000
- 7%
- $3,715,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,333,000
- AI Estimate
- $2,809,000
Market price range: $1.50M - $5.33MMarket price range: $817k - $2.81M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,185,000 Current use
- RESTAURANT
- $6,655,000 Change: +109% Conversion: Easy
- MEDICAL BUILDING
- $4,815,000 Change: +51% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,295,000 Change: +35% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,675,000 Change: +15% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $3,490,000 Change: +10% Conversion: Moderate
- OFFICE BUILDING
- $3,215,000 Change: +1% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.7963
- Latitude
- 34.3164
- CBSA code
- 23580
- CBSA name
- GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
