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    15702 Highway 197 Clarkesville, GA 30523

    Sponsored
    For Sale
    $725,000

    Successful turnkey hospitality business in Clarkesville, GA

    Property size:
    3,538 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,538 sq ft property, situated on 6.17 acres just two minutes from Lake Burton in Clarkesville, Georgia, presents a lucrative turnkey opportunity. The main lodge, known as the North 40 Lodge Bed & Breakfast, features four uniquely charming guest rooms, each with a private entrance, back porch, and full bathroom. These rooms are currently utilized as successful vacation and short-term rentals, generating significant income. The property also boasts a fully operational restaurant complete with a full bar and a professional kitchen, adding another revenue stream. A cozy back deck provides additional seating for restaurant patrons and lodge guests. Further enhancing the income potential is a separate one-bedroom, one-bathroom authentic log cabin, also used as a vacation rental. Combined rental income from the lodge and cabin exceeded $100,000 last year, in addition to restaurant revenue. A substantial shop/storage building offers significant expansion potential, easily adaptable into additional office space or rental units. This established and profitable business is ideally located in a highly desirable area, offering a rare blend of hospitality and investment potential. The property's prime location near Lake Burton ensures consistent demand for its lodging and dining services. This is a remarkable opportunity for an investor seeking a well-established, high-income-generating business with significant growth potential.

    Property Features for 15702 Highway 197

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,538 SF
    Lot Size
    268,765 SF

    Building Details

    Year Built
    1947
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Department Store Hotel & Motel Kitchen & Bath Grocery Store Convenience Store Plumbing Service Bed & Breakfast Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarkesville
    County
    Habersham
    State
    Georgia
    Longitude
    -83.57487
    Latitude
    34.79079

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    FAQs

    What type of property is this?
    Commercial real estate - Successful turnkey hospitality business in Clarkesville, GA
    Where is this commercial real estate located?
    The property is located at 15702 Highway 197 Clarkesville, GA.
    What is the asking price?
    The asking price for this property is $725,000.
    (706) 212-0228
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    15702 Highway 197 Clarkesville, GA 30523
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    Clarkesville, GA 30523
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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
    15702 Highway 197 Clarkesville, GA 30523
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