Commercial

583 Shallowford

Gainesville, GA 30504

Location

583 Shallowford, Gainesville GA 30504

Interactive map

Loads on click

List Price$1,200,000
TypeMixed Use
Building2,836 SF
Lot1.36 Ac
Building

Improved commercial

2,836 SF building

Mixed Use · H-B · $423 / SF · 1.36 ac lot

Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7753775
Listing Provided By Virtual Properties Realty.Net, LLC. · 404-509-0198
Description

Property Description

PACKAGE DEAL OPPORTUNITY!! Excellent commercial opportunity on highly traveled Shallowford Road! This 2,836 SF freestanding retail building is currently operating as a car dealership and sits on a 5,663 SF lot zoned Highway Business (HB) - allowing for a variety of commercial uses including retail, office, and service-based businesses. Located near several national retailers and restaurants, the property offers strong visibility, easy access, and steady traffic flow - making it ideal for an owner-user or investor. Additional income is generated by an on-site billboard, providing a passive revenue stream. Don't miss this versatile property with both income and development upside in one of the area's most desirable commercial corridors. This property is being sold as a package deal with 577 Shallowford Rd and also 4 single family homes included. All parcels are zoned Highway Business (HB).
Tax Advantage

Opportunity Zone Property

Tract 13139001003

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.

Listing facts

Structured MLS fields. Remark language is not verified.

Year built
1970
Zoning
H-B
Price / SF
$423
Price / acre
$882,353
Days on market
92
Loading
Other
Road frontage
Other
Tax year
2025
Opportunity zone
Yes

Utilities & systems

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

Available

  • Other

Sewer

  • Other

Heating

  • Other

Cooling

  • Other

Commercial Analysis

Key metrics and property characteristics

List Price$1,200,000
Building Size2,836 SF
Price / SF$423
Lot Size1.36 Acres
Price / Acre$882,353
ZoningH-B
Property SubtypeMixed Use
Year Built1970

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583 Shallowford

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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.