400 Pearl Nix Pkwy Gainesville, GA 30501
- Drive through restaurants
- 3,997 SF
- 0.87 lot acres
Current Use by Public Records
- El Carreton 2.0 / Mexican Restaurant
Property Details for 400 Pearl Nix Pkwy
- Year built
- 1996
- Construction
- WOOD FRAME
- Lot size
- 0.87 lot acres
- Property size
- 3,997 SF
- Zone code
- N-B
- Property type
- Drive through restaurants
- APN
- 01-119C-001-029C
- APU
- 01119C001029C
Description
This exceptional 3,997 square foot free-standing restaurant is located at 400 Pearl Nix Parkway SW in Gainesville, Georgia, 30501. The property sits on a 0.87-acre lot and boasts 40 parking spaces, catering to a high volume of customers. Recently renovated, the restaurant features a fully equipped kitchen with appliances, a walk-in freezer, and ample indoor seating. Large garage door openings enhance the space's versatility and create a unique atmosphere. A convenient drive-through window further streamlines operations. The property benefits from a high traffic count of over 14,200 vehicles per day (AADT). An added benefit is a dedicated indoor kids' play area, enhancing family-friendliness. This prime location is adjacent to the Tessa Shallowford development, a 231-unit residential community currently under construction, ensuring a consistent flow of potential customers. The property enjoys easy access to I-985, being only 3 miles from Exit 20 and 3.2 miles from Exit 22. Proximity to Lee Gilmer Memorial Airport-Gainesville (1.6 miles) and Northeast Georgia Medical Center (2.4 miles) adds to its strategic advantage. Furthermore, it's conveniently located within 64.4 miles of Hartsfield-Jackson Atlanta International Airport. The property is zoned for General Business use and is offered as a single-tenant space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,270,000
- 6.5%
- $1,485,000
- 7%
- $1,415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,200,000
- Geo Method
- $1,560,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,220,000
- Retail
- $1,475,000
- Mixed-Use
- $1,310,000
- Hospitality
- $1,545,000
- Educational
- $1,150,000
- Residential Income
- $1,320,000
- Energy
- $1,540,000
- Income-Based Land
- $1,410,000
- Food Service
- $1,345,000
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Hall
- State
- Georgia
- Longitude
- -83.8419
- Latitude
- 34.2889
- CBSA code
- 23580
- CBSA name
- GAINESVILLE, GA METROPOLITAN STATISTICAL AREA
