ENHOUZBusiness Marketplace
Commercial Property

511 Main ST SW, Gainesville Sold

6 views · 5 this week

This property has been sold and is no longer accepting inquiries. It remains listed for reference.
Asking price
$1,875,000
Price / SF
$291.01
Cap rate
Sale type
Property type
Property subtype
Building class
Building size
6,443 sq ft
Year built
1974
NOI
Tenancy
Building height
Building FAR
Lot size
0.30 acres
Zoning
G-B
Frontage
Listing #
EN-3303
MLS #
10646865

* Purchase Price: $1,875,000 Lease Price: $26 PSF + NNN * TAD Funds: $188,511.22 13-yr Credit Remaining *As of 10/9/2025 * Total BuildingArea: 6,443 SF Total Acreage: 0.30 AC o 511 Main: 4,670 SF Retail Floor: 2,724 SF Office/Bathrooms: 476 SF Kitchen: 1,032 SF Storage: 438SF o 509 Main: 1,773 SF (Warehouse) * Current Zoning: G-B (General Business) | City Limits * Road Frontage: 130 ft * Road Traffic: o Main St:3,890 VPD o Jesse Jewell Pkwy: 42,800 VPD o E.E. Butler Pkwy: 29,400 VPD o College Ave: 4,020 VPD PROPERTY OVERVIEW Exceptional opportunity in the heart of bustling downtown Gainesville. This two-building property spans approximately 0.30 acres and offers a combined6,443 square feet of functional and flexible space. The buildings have been newly renovated and equipped for restaurant operations, making this an ideal choice for an owner-operator, investor, or hospitality, office or other general retail concept seeking a prime location surrounded by downtown growth and redevelopment. LOCATION OVERVIEW Located in the bustling core of Downtown Gainesville, 509 & 511 Main Street sit in a highly visible and walkable area surrounded by steady foot and vehicle traffic. The properties are steps from Gainesville's most popular restaurants, coffee shops, boutiques, and entertainment venues, offering unmatched accessibility for both locals and visitors. With nearby public parking and easy access to Jesse Jewell Parkway and E.E. Butler Parkway, this central location is ideal for retail, restaurant, office, or investment use in one of North Georgia's most dynamic downtown districts.

Location

GAMLS
Listed by Norton Commercial Acreage Group
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10646865

Similar listings

Buyer newsletter

Popular businesses, market tips, and occasional promotions. One email, unsubscribe anytime.