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1702 Park Hill Dr 7,358 SF Retail Building Gainesville, GA 30501 $1,398,274 CAD ($190.03 CAD/SF) 12% Cap Rate
Investment Highlights
- Located on Park Hill Drive with 226 feet of visible frontage enhancing business exposure.
- 78 on-site parking spaces provide convenient access for customers and staff.
- Positioned near downtown Gainesville within a thriving retail and service corridor.
- Renovated restaurant building with two-story layout and HVAC included.
- Easily accessible to I-985 and major transportation routes for regional connectivity.
- Zoning supports ongoing or future restaurant operations under HB guidelines.
Executive Summary
This freestanding restaurant property at 1702 Park Hill Drive presents a rare acquisition opportunity in the heart of Gainesville’s dynamic commercial district. Spanning 7,358 square feet on a 0.95-acre parcel, the asset offers an upgraded two-story design with on-site parking for approximately 78 vehicles, accommodating heavy guest traffic and operational ease.
Constructed in 1975 and renovated in 2006, the building is well-equipped for immediate occupancy by a single operator or as an investment for repositioning. High visibility along Park Hill Drive with 226 feet of frontage ensures strong exposure, while HB zoning provides flexibility for continued restaurant or related retail use.
Located just minutes from downtown Gainesville and within close proximity to I-985 and US-23, the property provides excellent regional connectivity. The surrounding area features medical campuses, educational facilities, and dense residential neighborhoods, creating a stable customer base and consistent demand for dining concepts.
Constructed in 1975 and renovated in 2006, the building is well-equipped for immediate occupancy by a single operator or as an investment for repositioning. High visibility along Park Hill Drive with 226 feet of frontage ensures strong exposure, while HB zoning provides flexibility for continued restaurant or related retail use.
Located just minutes from downtown Gainesville and within close proximity to I-985 and US-23, the property provides excellent regional connectivity. The surrounding area features medical campuses, educational facilities, and dense residential neighborhoods, creating a stable customer base and consistent demand for dining concepts.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,358 SF
Building Class
B
Year Built/Renovated
1975/2006
Price
$1,398,274 CAD
Price Per SF
$190.03 CAD
Cap Rate
12%
NOI
$167,793 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
0.95 AC
Zoning
HB - Commercial - Restaurant
Parking
55 Spaces (7.47 Spaces per 1,000 SF Leased)
Frontage
50’ on Park Hill Dr
Amenities
- Restaurant
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00084-07-001C | Improvements Assessment | $204,880 CAD |
| Land Assessment | $133,376 CAD | Total Assessment | $338,255 CAD |
Property Taxes
Parcel Number
01-00084-07-001C
Land Assessment
$133,376 CAD
Improvements Assessment
$204,880 CAD
Total Assessment
$338,255 CAD
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1702 Park Hill Dr
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