434 High St - Flex FOR SALE


Gainesville, GA 30501- Downtown Gainesville
$3,950,000 USD
770-718-5206
434 High St, Gainesville, GA for Sale
$3,950,000 USD
Flex - FOR SALE
1/13
null | Request Cap Rate

434 High St
Gainesville, GA 30501
Downtown Gainesville


HIGHLIGHTS

  • 10-15 Minute walk to Downtown Gainesville
  • Adjacent to Highlands to Islands Trail
  • Completely Renovated in 2023

OVERVIEW

PROPERTY OVERVIEW Norton Commercial is proud to present this income-producing real estate opportunity totaling approximately ±18,679 square feet on ±1.07 acres. The property is occupied by an established brewery and restaurant tenant, providing a stabilized income stream. Originally constructed in 1950 and completely renovated in 2023, the improvements include a ±15,379 square foot brewery space, ±3,300 square foot restaurant, and a ±4,514 square foot outdoor patio designed to support high-volume customer engagement. The site provides ample parking and benefits from multiple points of access, making it well-positioned to accommodate consistent daily traffic and patron flow. With recent capital improvements and a proven operating tenant in place, the property presents a stabilized investment opportunity within a growing North Georgia market. LOCATION OVERVIEW Located on the edge of Downtown Gainesville, 434 & 432 SW High Street offer a highly visible and accessible setting with convenient proximity to the area’s dining, retail, and entertainment options. Positioned roughly a 10-15-minute walk from the heart of downtown and directly adjacent to the Midland Greenway, the property benefits from consistent foot and bike traffic while maintaining a slightly more relaxed setting. With easy access to Queen City Parkway and E.E. Butler Parkway, this location is well-suited for retail, office, or investment use in one of North Georgia’s most active and evolving markets. OFFERING SUMMARY **Real estate for sale only. Property occupied by tenants under long-term leases.** Income Producing Asset Asking Price: $3,950,000 Vendetti’s Pizza • Pasta • Grill NoFo Brew Co Year Built | Year Renovated | Zoning 1950 | 2023 | H-I (Gainesville City) Total Acreage: ±1.07 AC Total Building SF: ±18,679 • NoFo SF: ±15,379 • Vendetti’s Restaurant SF: ±3,300 • Outdoor Patio SF: ±4,514 TAD Funds: ±$92,500 per year Runs through 12/31/2035 Traffic Counts: • Queen City Pkwy: 19,000 VPD • MLK Jr Blvd: 4,370 VPD • Bradford St: 1,280 VPD Road Frontage: ±223’ on High St **A signed Non-Disclosure Agreement (NDA) is required prior to the release of financial information.**

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07

LAND SF

46,609

ZONING

H-I

APN/PARCEL ID

01-00017-01-004

ASK ABOUT THIS PROPERTY

Charlie HawkinsNorton AgencyMore Info
770-718-5206

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Charlie HawkinsNorton AgencyMore Info
770-718-5206

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.