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Property profile

316 Spring St Gainesville, GA 30501

FOR SALE
Medical Office Space
Property ID
US22-1130734
3,474 SF 0.17 ac lot Built 1930
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,740 square foot traditional office space is available for lease on the second floor of 316 Spring Street SE in Gainesville, Georgia. Located in the desirable Gainesville submarket, this Class C building boasts a prime location just two blocks from Historic Downtown Gainesville. The property, built in 1930, features hardwood floors throughout the entire 1,740 square foot space. The layout includes six private offices, two restrooms, and a full break area/kitchen, providing ample space for a variety of businesses. The building sits on a 0.37-acre lot and is part of a one-story, two-building complex. Its convenient location offers easy access to a wealth of amenities, including area retailers, banks, restaurants, the hospital, and the courthouse. Furthermore, it's less than a mile from Northeast Georgia Medical Center and enjoys high visibility at the well-lit intersection of EE Butler Parkway and Spring Street, directly across from the new Courtyard Marriott. This property presents a unique opportunity for businesses seeking a well-appointed office space in a thriving downtown location. The entire second floor is vacant and ready for immediate occupancy. The property is suitable for a variety of uses, making it an ideal location for small professional firms such as law offices or insurance agencies.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1930
Construction STEEL FRAME
Total area 3,474 SF
Lot 0.17 ac (7,405 SF)
Zoning code G-B
APN 01-008 -001-006
UPID US22-1130734

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
  • Employment Agency

Location

316 Spring St Gainesville, GA 30501
Gainesville metro Census 800 GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
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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
$195k

Owner & transaction history

since 2017
4 recorded transactions
2021
Price N/A
2017
$650,000
2014
Price N/A
2007
$710,000

Zoning & alternative use

G-B · Gainesville, GA
Zoning description

Standard O-I N-B C-B R-B G-B L-I H-I Table Notes: A “-“ in a cell = Not Permitted *Additional density may be allowed by the Governing Body with approval of a Special Use. **Required zoning buffers may be reduced in width…

General category COMMERCIAL

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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