JeffCroweCRE
Commercial

119 Washington Street NE

Gainesville, GA 30501

Location

119 Washington Street NE, Gainesville GA 30501

Interactive map

Loads on click

Open in Google Maps
List Price$1,025,000
TypeOffice
Lot0.05 Ac
Land

Commercial land

0.05 acres

Office · Commercial · C-B · $20,500,000 / acre

Data last updated: October 5, 2026 at 8:00 PM EST
ACTIVE
FMLS #7760391
Listing Provided By Resource Brokers, LLC. · 770-540-7881
Description

Property Description

Located in the heart of the Gainesville Square, this ±2,688 SF historic office building presents a strong opportunity for investors or owner-users seeking a well-positioned commercial asset in a high-demand professional corridor. Originally constructed in 1910 and remodeled in 2005, the property offers a blend of character and functional updates suited for modern office use. The main level (±2,200 SF) features a practical layout including a conference room, kitchenette, and two restrooms, supporting a variety of professional uses. The ±488 SF upper-level suite includes a private office, full bathroom, and bedroom, ideal for executive use, rental income potential, or flexible workspace. Positioned within walking distance to the Hall County Courthouse and surrounding legal and business offices, the property benefits from consistent foot traffic and strong demand from professional tenants. Zoned Central Business (C-B), this asset offers flexibility for office, legal, consulting, or shared workspace configurations. Ideal for investors seeking a centrally located property with potential for owner occupancy, multi-tenant use, or long-term appreciation.
Tax Advantage

Opportunity Zone Property

Tract 13139001101

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

View all Opportunity Zone properties →IRS Opportunity Zones overview ↗

Listing facts

Structured MLS fields. Remark language is not verified.

Year built
1910
Zoning
C-B
Price / acre
$20,500,000
Days on market
91
Road frontage
15 ft
Owner pays
All Utilities
Taxes
$5,965
Tax year
2025
Opportunity zone
Yes

Utilities & systems

As reported on the listing. Confirm service and capacity on site.

Available

  • Cable
  • Electricity
  • Phone
  • Sewer
  • Water

Sewer

  • Public Sewer

Heating

  • Central

Cooling

  • Ceiling Fan(s)
  • Central Air

Market intelligence

MLS market activity. Not an appraisal. Individual comps are not listed.

Likely selling price$930,000Range $855,000–$975,000 · Last ask adjusted by how comparable properties have typically closed after similar time on market. -9.3% vs current ask.
Current ask$1.02M71d at this price · 91 DOM · cut from $1.20M
Market valueUnavailableNot enough highly similar local closed sales to quote a defensible market-value range.
Market signalNegativeLong DOM and/or a price cut indicate the current ask is facing market resistance.

Commercial Analysis

Key metrics and property characteristics

List Price$1,025,000
Lot Size0.05 Acres
Price / Acre$20,500,000
ZoningC-B
Property SubtypeOffice
Year Built1910

Inquire about this listing

119 Washington Street NE

FMLS IDX Logo

Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. ©2026 First Multiple Listing Service, Inc.

Disclaimer

Important Investment Information

Financial and property metrics are taken from the MLS listing when available. Cap rates or other calculated figures may be estimated. All figures are for screening only — verify with current financials and physical inspection.

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.