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2318 Old Cornelia Hwy 5,000 SF Retail Building Gainesville, GA 30507 $2,300,000 ($460/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- High-visibility location on Old Cornelia Highway with strong daily traffic counts
- Strong demographic base supporting consistent liquor and beverage sales
- Ample parking for quick in-and-out customer visits
EXECUTIVE SUMMARY
Profitable Liquor Store with Real Estate - Growth Trend! Strong, consistent sales growth (month & year over year). Large warehouse space for bulk purchasing. Grandfathered alcohol license. Business & real estate included. Inventory separate. Contact for financials.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,000 SF
Building Class
C
Year Built
2002
Price
$2,300,000
Price Per SF
$460
Cap Rate
8%
NOI
$184,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.74 AC
Zoning
G-B, General Business - G-B, General Business
Parking
50 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
130’ on Old Cornelia Highway
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Security System
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-0033B-00-037 | Improvements Assessment | $153,360 |
| Land Assessment | $90,120 | Total Assessment | $243,480 |
PROPERTY TAXES
Parcel Number
15-0033B-00-037
Land Assessment
$90,120
Improvements Assessment
$153,360
Total Assessment
$243,480
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Presented by
King Island Capital Partners LLC
2318 Old Cornelia Hwy
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