Property Location

11 S Grove Street, Dahlonega GA 30533

Interactive Map

List Price $1,750,000
Units 1
Est. Cap Rate 0.4%
Est. Cash-on-Cash -22.4%
Price / Unit $1,750,000
Est. Year 1 Cash Flow $-98,216 after debt service
11 S Grove Street Dahlonega, GA 30533
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
Strategically positioned at the signalized corner of 11 S Grove Street and E Main Street in the heart of downtown Dahlonega, this 12,740 square foot landmark building represents one of the most flexible redevelopment opportunities in North Georgia. Recently rezoned to B-3 Historic Business District, the property now allows for a significantly expanded range of uses, including retail, hospitality, restaurant, office, multi-family housing, single-family residential, and boutique hotel development. The B-3 designation removes traditional setback requirements and supports higher density configurations, unlocking meaningful redevelopment potential in a supply-constrained downtown corridor. The existing structure spans two expansive levels of approximately 6,000 square feet each, currently configured in open-plan format with structural steel I-beam construction, allowing for adaptive reuse or full reconfiguration. High ceilings and prominent storefront windows provide strong street presence on both S Grove Street and E Main Street. Corner positioning ensures maximum visibility and branding exposure within walking distance of the historic square, University of North Georgia campus, dining, retail, tasting rooms, and year-round tourism traffic. Approved renderings for an additional ±4,000 square foot two-story expansion (approved renderings pictured), further increasing the development envelope potential. With B-3 zoning flexibility, no setback constraints, and irreplaceable location, this property presents a rare opportunity for investors, developers, or owner-operators seeking unparalleled scale in downtown Dahlonega — whether repositioned as a flagship retail destination, mixed-use residential project, hospitality hotel concept, grand scale meeting, conference or event space, food/beverage hall, or a combination of these options.
Investment Notes — Dahlonega
  • Located in the Dahlonega, GA area
  • Value-add opportunities typically exist through management, renovations, or operational improvements
  • Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
  • Actual cash flow depends on occupancy, expenses, financing, and current market conditions
Professional Investment Analysis

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $1,750,000 Verified
Est. Cap Rate 0.38% Modeled
Est. Cash-on-Cash -22.45% Modeled
Est. Gross Income $14,930 Modeled
Est. NOI $6,569 Modeled
Est. Year 1 Cash Flow $-98,216 after debt service (25% down / 7% / 30-yr) Modeled
Price per Sq Ft $137 Verified
Confidence scores included Latest FMLS data Transparent modeling
Investment Calculator

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Jeff’s Investment Take

Further review recommended before moving forward.

Est. Cap0.4%
Est. CoC-22.4%
Important Investment Disclaimer
Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7719026 · Listing courtesy of PAYNE Real Estate, Zach Payne · 917-769-9828

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com
FMLS · Updated Daily