2318 Old Cornelia Highway

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2318 Old Cornelia Highway

Gainesville, GA 30507
Asking Price
$1.80M
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail storefront spanning 5,000 square feet of interior space
  • Located at 2318 Old Cornelia Highway in Gainesville Georgia
  • Asset is currently offered for sale at $1,800,000
  • Property resides in a growing Northeast Georgia commercial corridor
  • Versatile retail layout suitable for various business use cases

What's Special

Gainesville serves as a significant economic hub in Northeast Georgia, benefiting from its proximity to Lake Lanier and a diverse regional industrial base. This 5,000 square foot retail storefront at 2318 Old Cornelia Highway positions an operator within a growing market characterized by steady commercial expansion and residential development. The property provides a functional footprint suitable for a variety of retail businesses seeking visibility and access in a well-traveled corridor of the city. Given the layout and sub-type, the asset accommodates potential uses ranging from boutique service providers to traditional retail sales operations. Investors and business owners will find this location offers practical infrastructure for maintaining a consistent presence in the Gainesville submarket. The surrounding area continues to support a mix of commerce and local services, making this storefront a viable candidate for those looking to establish or expand their footprint in this sector.

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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015

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