Property profile

2862 White Sulphur Rd Gainesville, GA 30501

FOR SALE
Auto shops
Property ID
US22-0040995
5,000 SF 66.57 ac lot Built 2000
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 120-acre parcel presents a unique opportunity for industrial development in Gainesville, Hall County, Georgia. Strategically located on 2862 White Sulphur Road, this property boasts significant advantages. The site offers over 1,650 feet of rail frontage along the Norfolk Southern Railway, ensuring seamless logistics. White Sulphur Road's realignment will provide excellent road frontage and direct access. The property's high-growth location is situated along the I-985/GA Hwy 365 corridor, offering easy access to a lighted intersection at Highway 365 at Ramsey Road & White Sulphur Road. Proximity to key infrastructure is a major benefit, including the new Lanier Technical College's 85-acre campus (2 miles away) and the future Northeast Georgia Inland Port (across the street, completion expected early 2025). All utilities are available at or near the site, including sewer. The property is classified as a "Lesser Developed Census Tract" by the State of Georgia, making it eligible for tax incentives for businesses expanding or hiring in the area. This location offers convenient access to Hartsfield Jackson International Airport (70 miles) and the Savannah Port (300 miles). Gainesville/Hall County's strong economic performance is further highlighted by Site Selection Magazine's recognition as a top-performing small metro area in Georgia for job creation and investment in 2022. Since 2015, the area has seen 149 new and expanded businesses, totaling over $2.4 billion in capital investment. This property represents a compelling investment opportunity in a thriving industrial hub.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2000
Construction STEEL FRAME
Total area 5,000 SF
Lot 66.57 ac (2,899,789 SF)
Zoning code AR-III
APN 15-020 -000-012
UPID US22-0040995

Cap rate & NOI

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

Location

2862 White Sulphur Rd Gainesville, GA 30501
Gainesville metro Census 602 GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2006
Last sale
$425,000
1 recorded transaction
2006
$2.0M

Zoning & alternative use

AR-III · Gainesville, GA

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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