Address
1702 Park Hill Drive Gainesville, GA
Price
$ 939,000
Property Attributes
  • MLS#8935137
  • TypeCommercial
  • CountyHALL
  • CityGainesville
  • AreaHAL1
  • Zip30501
  • StyleFood & Beverage
  • Year Built1976
  • Taxes$ 6536
  • Price$ 939,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.95 Acres
Listing Provided Courtesy Of:
Evert Miller Group with Keller Williams Lanier Partner.
Data Source:
Georgia MLS (GAMLS) - 86 - GA
Property Description

Successfully owner-operated for 45 years, Poor Richards Restaurant is an iconic steak, rib and seafood restaurant in Gainesville, GA, and offers the full package to any prospective buyer. Gainesville, located just 50 miles from Atlanta, is the tourism and economic center of Northeast Georgia. Surrounded on three sides by Lake Lanier, one of the top-visited water recreation areas in the country, and at the foothills of the Blue Ridge Mountains, Gainesville/Hall County is credited with having created one of the most solid and diverse economies in the United States. The restaurant is situated on a one-acre parcel, with 127 feet of prime road frontage, along the mixed-use corridor of Highway 129, with a traffic count of 16,400 daily, and is located just over 2 miles from the downtown central business district of Gainesville. The facility itself, built in 1976, and with several additions/renovations since, offers 8386 square feet on 2 finished levels, with 3 dining areas and room for 240 patrons. The main floor has 2 dining rooms that can accommodate banquet facilities, complete full-service kitchen, service bar, entrance/waiting area, and rest rooms. The lower level has a large bar and dining area, office space, stock room and an enclosed walk-out porch. The Restaurant includes the land, the building, FF&E, all inventory, licensing, the name, the carefully built brand, menu, recipes, the large and loyal customer base, plus Good Will. The extremely popular restaurant is currently open for business just 5 nights per week, and routinely has a line out the door. Substantial growth potential exists with expanded hours of operation. Offered at a price of just $939,000, under the appraised value for the building alone, this is an extremely sweet deal!

Price History
3/1/2021 Listed $939,000

General Features

Building Features Free Standing
Business Type Food & Beverage
City Gainesville
Construction Materials Frame
Cooling Central Air, Zoned
County Hall
Days on Market 237
Directions GPS friendly or from Gainesville travel North on Hwy 129. Business on the Right.
Flooring Carpet, Pine
Heating Natural Gas, Central, Forced Air, Dual, Zoned
MLS Area HAL1
Possession Negotiable
Property Type Commercial Sale
PropertyCondition Resale
Road Frontage 127
Roof Composition
Status Active
Street Name Park Hill
Tax Annual Amount 6536
Tax Year 2020
Utilities Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
Year Built 1976

Interior Features

Street Suffix Drive

Exterior Features

Lot Features City Lot
Lot Size Acres 0.95
Lot Size Source Public Records
Number of Buildings 1
Other Equipment Industrial Equipment, Fixtures, Furniture
Parking Features Paved
Road Frontage Type County Road, State Road, Highway
Total Parking 78

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 30501

Price
AVG $970K
$940K
Taxes
AVG $3,004
$6,536
Visits
AVG 69
79
Year Built
AVG 1964
1976
Walkscore
AVG 49
43
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover