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Property profile & analytics
OFF-MARKET
Retail space

344 Northside Dr Gainesville, GA 30501-3249

5,000 SF 0.17 ac lot Built 1950
Individually Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US22-0303766
Property summary
AI-generated overview

This exceptional 5,000-square-foot warehouse, situated on a 0.17-acre lot at 344 Northside Dr in Gainesville, Georgia (zip code 30501), presents a compelling investment opportunity. Built in 1950, this well-maintained structure boasts a four-sided brick exterior, ensuring durability and lasting appeal. Its convenient location offers easy access to downtown Gainesville Square, providing excellent visibility and accessibility for businesses. The warehouse features a practical layout, including a dock door on the side and a roll-up door at the front, facilitating efficient loading and unloading of goods. The property's solid construction and functional design make it suitable for a variety of uses, from storage and distribution to light manufacturing or other industrial operations. This versatile space is ideal for businesses seeking to expand their operations, requiring additional storage capacity, or establishing a new operational base in a thriving area. The asking price for this property is $800,000. The property is classified as industrial and is located in Hall County. This is a rare opportunity to acquire a well-maintained, strategically located warehouse in a desirable Georgia market. The property's age and condition suggest a solid foundation for future growth and profitability.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction STEEL FRAME
Total area 5,000 SF
Lot 0.17 ac (7,405 SF)
Zoning code G-B
APN 01-001 -002-001
UPID US22-0303766
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
Juan E Luna · 8 yrs held
Juan E Luna
since 2018
2 recorded transactions
2018
$200,000
2017
$150,000
Zoning & alternative use
G-B · Gainesville, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 with installation of a structural buffer as provided in Chapter 13-1. CITY OF GAINESVILLE, GA | Unified Land Development Code

Zone name General Business
General category COMMERCIAL
Zone area 917.66 ac
Source ARTICLE 9-1
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