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1702 NE Park Hill Drive

Gainesville, GA 30501
  • $939,000
  • STATUS: Active
  • ON SITE: 320 Days
  • MLS #: 8935137
UPDATED: 66 min ago
$939,000
  • 0
    BEDS
  • 0.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,358
    SQFT
  • $128
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1976
County:
Area:

School Ratings & Info

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!

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© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Keller Williams Greater Athens are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Keller Williams Greater Athens. Data last updated: 2022-01-16T20:04:17.137.
www.athensgeorgiahomes.com/homes/114609994
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1702 NE Park Hill Drive Gainesville, GA 30501

  • Price: $939,000
  • Status: Active
  • On Site: 320 Days
  • Updated: 66 min ago
  • MLS #: 8935137
0
Beds
0
Baths
0
½ Baths
0.95
Acres
7,358
SQFT
$128
$/SQFT
1976
Built
Neighborhood:
Hall
County:
Hall
Area:
HALL
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!
Exterior Features

Attached Garage YN No Carport YN No Construction Materials Frame Frontage Length Total Road Frontage Length: 127 Garage YN No Lot Features City Lot Lot Size Area 41382 Lot Size Source Public Records Lot Size Units Square Feet Parking Features Paved Parking Total 78 Road Frontage Type County RoadState RoadHighway Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Below Grade Finished Area Units Square Feet Building Area Total 7358 Building Area Units Square Feet Cooling Central AirZoned Cooling YN Yes Flooring CarpetWood Heating Natural GasCentralForced AirZonedDual Heating YN Yes Living Area Source Appraiser Living Area Units Square Feet

Property Features

Business Type Food & Beverage Electric On Property YN Yes Listing Terms CashConventionalSmall Business Loan New Construction YN No Other Equipment Industrial EquipmentFixturesFurniture Property Condition Resale Property Sub Type Commercial Sewer Public Sewer Tax Annual Amount 6536 Tax Year 2020 Utilities Cable AvailableElectricity AvailableHigh Speed InternetNatural Gas AvailableSewer AvailableWater Available Water Source Private

Listing provided courtesy of Keller Williams Lanier Partner. © 2022 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


© 2022 Georgia Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from GAMLS. Real estate listings held by brokerage firms other than Keller Williams Greater Athens are marked with the GAMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by GAMLS or Keller Williams Greater Athens. Data last updated: 2022-01-16T20:04:17.137.
 
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