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    240-0 Varnes Ln Lakemont, GA 30552

    For Sale
    $2,700,000

    Potential Commercial - Lakemont, GA

    Lot size:
    10.00 Acres
    Days on Market:
    413
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 240-0 Varnes Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R
    APN
    046B 005
    Parking
    20
    Parking features
    On Street, Parking Lot
    Lot size
    10.00 Acres

    Building Details

    Year built
    1986
    Floors in Building
    2
    Architectural style
    Other

    Virtual Properties Realty (770) 495-5050 [email protected]

    Listing agent Syed Firoz (770) 495-5050

    Listing date Oct 19, 2024

    MLS# 7474263 Listing URL

    Copyright © 2025 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakemont Multifamily Investment Opportunity

    This multifamily property, located in Lakemont, Georgia, is zoned for multi-family use and comprises 21 units across multiple buildings. The property spans 10 acres. All units are currently tenant-occupied. The property includes listings 7464136 (240 Varnes Lane, Lakemont, GA), 7462742 (12480# Highway 27, Summerville) and 7459993 (102 Asbell Street, Irwinton).
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hotel & Motel Gym & Fitness Department Store Skin Care Clinic Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakemont
    County
    Rabun
    State
    Georgia
    Longitude
    -83.410367
    Latitude
    34.78912

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with 21 units in Lakemont, Georgia.
    Where is this apartment building located?
    The property is located at 240-0 Varnes Ln Lakemont, GA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Zoned Multi-Family with 21 Units across 3 properties.; - Income-generating property with all units currently tenant-occupied.; - Includes properties at 240 Varnes Lane, Lakemont, GA; 12480# Highway 27, Summerville; and 102 Asbell Street, Irwinton.
    (770) 495-5050
    Request Owner's contact information
    240-0 Varnes Ln Lakemont, GA 30552
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    Lakemont, GA 30552
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240-0 Varnes Ln Lakemont, GA 30552
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