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    1702 NE Park Hill Dr

    Gainesville, GA 30501
    • $939,000
    • STATUS: Active
    • ON SITE: 44 days
    • MLS #: 8935137
    UPDATED: 183 min ago
    $939,000
    • 0
      BEDS
    • 0.95
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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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    © 2021 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 RE/MAX One Stop 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 RE/MAX One Stop. Data last updated: 2021-04-14T22:50:53.31.
    www.onestopmax.com/homes/114609994
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    1702 NE Park Hill Dr Gainesville, GA 30501

    • Price: $939,000
    • Status: Active
    • Updated: 183 min ago
    • MLS #: 8935137
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.95
    Acres
    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

    Construction Frame Construction Status Resale Frontage Type County/City RoadState HighwayUs Highway Location FreestandingInside City Limits Lot Dimensions 200X200 Lot Size 1/2 - 1 Acre Parking Paved Lot Road Frontage 127 Roof Type Composition Total Parking 78

    Interior Features

    Cooling Central A/CZoned Energy Related Water Heater-Gas Floor Type CarpetWood Heating Source Gas Heating Type CentralForced AirZoned/Dual Square Footage Range 5000-10000

    Property Features

    Acreage Source Public Record Business Type Food Services Current Zoning Hb Date Of Possession Negotiable Documents Aerial SurveyCash Flow AnalysisLegal DescriptionProfit &Amp; Loss Statement Industrial Features EquipmentFixtures/Furniture Possible Financing CashConventionalSba Sale Includes Building/Business/Land Sale Or Rent For Sale Sq Ft Source Public Record Tax Year 2020 Taxes 6536 Total Buildings 1 Utilities Available Cable TvElectricityHigh Speed InternetNatural GasSewer AvailableWater

    Listing provided courtesy of Keller Williams Lanier Partner. © 2021 Georgia Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed.


    © 2021 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 RE/MAX One Stop 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 RE/MAX One Stop. Data last updated: 2021-04-14T22:50:53.31.
     
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