1702 Park Hill Drive Gainesville GA 30501 | 8935137

1702 Park Hill Drive Gainesville GA 30501 | 8935137
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!

Property Details

Price:
$939,000
MLS #:
8935137
Status:
Active
Beds:
0
Baths:
0.00
Address:
1702 Park Hill Drive
Type:
Commercial
City:
Gainesville
Listed Date:
Mar 1, 2021
State:
GA
ZIP:
30501
Lot Size:
41,382 sqft / 41,382.00 acres (approx)
Year Built:
1976

Schools

Interior

Cooling
Central Air, Zoned
Flooring
Carpet, Wood
Heating
Natural Gas, Central, Forced Air, Dual, Zoned

Exterior

Construction Materials
Frame
Parking Features
Paved
Roof
Composition

Financial

Tax Year
2020
Taxes
6,536

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

After successfully working in the greater Atlanta Real Estate market since the mid 1980’s, real estate brokers Jim and Judy Crawford of Hoschton GA realized a life long dream and launched Dream Street® Properties on New Year’s Day 2000! Now, Dream Street® Properties is celebrating over 20 years of successfully making dreams come true by helping folks in the Hoschton Georgia Real Estate market realize their dreams–one home at a time. Jim was in the U.S. Army for six years, attaining the…

More About Jim
1702 Park Hill Drive
Gainesville, GA