Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    260 McCutchen Street Ellijay, GA 30540

    View on Map
    Claim this Listing
    For Sale
    $810,000

    Commercial - Ellijay, GA

    Property size:
    4,000 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $202/SF
    Added:
    Nov 5, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 29 at 5:06 pm

    Property Features for 260 McCutchen Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C3
    Parking
    25
    Parking features
    Oversized
    Security features
    Security System
    Interior features
    Handicap Facilities, Garage Doors, Ceiling Fan(s), Clear Span, Security System, Living Quarters, Public Restrooms, Private Restrooms, Cable TV Available, Telephone, Sheetrock, Wood
    Exterior features
    River Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    1081 015
    Size
    4,000 SF
    Lot size
    0.42 Acres

    Utilities

    Utilities
    Cable Available, Phone Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Multi Units, Wall Unit(s)

    Building Details

    Year built
    1966
    Floors in Building
    1
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Nan Gregory

    Listing agent Nan Gregory

    Listing office Blue Ridge Lake & Lake Lanier Properties 404 Jolley Way Cohutta Retreat, Epworth, GA

    Listing date Nov 5, 2025

    MLS# 414483 Listing URL

    Copyright © 2026 Northeast Georgia Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riverfront Commercial Property in Ellijay

    This 4000 square foot mixed-use property is located in Ellijay, Georgia, in the heart of North Georgia's Apple Country. Situated on 0.42 acres, the property fronts the Ellijay River. The property, zoned C3, has been renovated and offers versatile space suitable for a variety of businesses. It features spacious living quarters and offices, providing potential for multiple income streams. The location is near tourist attractions and cabin rentals. The property has been in operation since 1966 and has been home to several successful businesses over the years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ellijay RiverSpace Shopping Center & Mall GiNi Inc Marketing & Advertising SmartGets On The Go Take-out & Catering Giniverse108 Department Store The Appalachia Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellijay
    County
    Gilmer
    State
    Georgia
    Longitude
    -84.475521
    Latitude
    34.696761

    Nearby Similar for Sale

    • $600,000
      9,624 SF

      Income-Producing Commercial Property For Sale

      Fully occupied commercial property with four tenants in Gilmer County.
      731 Progress Road, Ellijay, GA 30540
      View Details
    • $949,000

      Updated Commercial Property on Highway

      Commercial property in Ellijay with showroom, office, and warehouse.
      243 OLD HIGHWAY 5, Ellijay, GA 30540
      View Details
    • $675,000
      3,766 SF

      Ellijay Commercial Building Value-Add Opportunity

      Downtown Ellijay commercial building, ready for redevelopment in high-traffic area.
      45 Main Street, Ellijay, GA 30540
      View Details
    • $600,000
      3,240 SF

      Downtown Ellijay Commercial Building

      Prime commercial building in historic downtown Ellijay.
      207 Dalton Street, Ellijay, GA 30540
      View Details
    • $600,000
      3,240 SF

      Downtown Ellijay Commercial Building

      Well-maintained commercial building in historic downtown Ellijay, Georgia.
      207 Dalton Street, Ellijay, GA 30540
      View Details
    • $1,250,000
      9,128 SF

      Prime Commercial Space on Hwy 515

      High-visibility commercial building with development potential in Ellijay, GA.
      36 Mulberry Street, Ellijay, GA 30540
      View Details
    • $1,329,900
      7,140 SF

      Turn-Key Commercial Opportunity in Ellijay

      7,140 SF mixed-use property with multiple revenue streams.
      33 Rose Petal Lane, Ellijay, GA 30540
      View Details
    • $1,329,900
      7,140 SF

      Turn-Key Commercial Opportunity in Ellijay

      7,140 SF commercial property with multiple revenue streams.
      33 Rose Petal Lane, Ellijay, GA 30540
      View Details
    • $330
      55 SF

      Affordable Office Space Available Now

      Clean, quiet office space with utilities and internet included.
      443 Pleasant Grove Road, Ellijay, GA 30540
      View Details
    • $1,000
      1,050 SF

      Ellijay Commercial Space For Lease

      1,050 SF retail/office space in high-traffic shopping center.
      941 Maddox Drive, Ellijay, GA 30539
      View Details
    • $1,500
      2,000 SF

      Ellijay Commercial Lease Opportunity

      2,000 sq ft suite in Ellijay's East Town Center.
      941 Maddox Drive, Ellijay, GA 30539
      View Details
    • $330
      80 SF

      Affordable Office Space Available Now

      Quiet, clean office space with utilities and internet included.
      443 Pleasant Grove Road, Ellijay, GA 30540
      View Details

    FAQs

    What type of property is this?
    Storefront property - Versatile 4000 sq ft commercial space with river frontage.
    Where is this storefront property located?
    The property is located at 260 McCutchen Street Ellijay, GA.
    What is the asking price?
    The asking price for this property is $810,000.
    What are key features of this property?
    This property features: Riverfront property on the Ellijay River in North Georgia's National Forest Mountains.; Multi‑business income streams with spacious living quarters and offices.; 4000 sq. ft. of versatile, renovated space suitable for various businesses.
    (706) 851-9561
    We can help!
    Listing Contact
    Nan Gregory
    Real Estate License ID: 154999
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!