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    40 N Alexander St Toccoa, GA 30577

    For Sale
    $2,375,000

    Historic hotel needing complete renovation in downtown Toccoa, Georgia.

    Property size:
    19,225 SF
    Lot size:
    0.57 Acres

    Property Features for 40 N Alexander St

    General Information

    Size
    19,225 SF
    Lot size
    0.57 Acres

    Source: Pen Pointe Brokers LLC Agent Victoria Willis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Hotel in Downtown Toccoa

    This is a rare opportunity to own a piece of North Georgia history with the Hotel Albemarle, built around 1924 in downtown Toccoa, Georgia. The building has 19,225 square feet according to architectural drawings. It is located across from the Stephens County Courthouse and within walking distance of downtown and the Amtrak Train Station. Partial renovations were completed in 2019, including a new roof, windows, porch renovations, fence, and fire steps. The building has a temporary power meter. The property needs complete interior renovation. The city is motivated to see the property developed. Architectural drawings and a letter from a structural engineer are available from the seller. The seller has items stored in the building that are not included with the sale.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Toccoa
    County
    Stephens
    State
    Georgia
    Longitude
    -83.331915
    Latitude
    34.580237

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    FAQs

    What type of property is this?
    Office building - Historic hotel needing complete renovation in downtown Toccoa, Georgia.
    Where is this office building located?
    The property is located at 40 N Alexander St Toccoa, GA.
    What is the asking price?
    The asking price for this property is $2,375,000.
    What are key features of this property?
    This property features: - Prime Location in Downtown Toccoa: Across from the Stephens County Courthouse and walking distance to downtown amenities and the Amtrak station.; - Significant Size: Substantial 19,225 sq ft building, offering ample space for redevelopment.; - Recent Partial Renovation: Includes a new roof, windows, porch renovations, fence, and fire steps completed in 2019.
    (404) 425-8949
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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
    40 N Alexander St Toccoa, GA 30577
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