Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2414 E First St Blue Ridge, GA 30513

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $985,000

    Profitable restaurant business opportunity in a high-traffic Blue Ridge location.

    Lot size:
    0.40 Acres

    Property Features for 2414 E First St

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres

    We can help!

    Listing Contact
    Emily Gray
    Source: Exprealty

    Listing Agency: Mountain Sotheby's International Realty Listing Agent: Emily Gray

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

    Learn more

    Overview

    Established Restaurant in Prime Location

    This established and profitable restaurant business is located in a prime location on a heavily traveled road from Hwy 515 and Downtown Blue Ridge. The property has been a family business for over 50 years. The restaurant was renovated from top to bottom in 2020. It features all paved access, privately owned parking spaces, and is easily accessible. The property includes two outdoor patios complete with custom weatherproof screening, city water and sewer. It is a short walk to downtown.
    Location Intelligence

    Current Use by Public Records

    Jolly Roger seafood Restaurant

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ridge
    County
    Fannin
    State
    Georgia
    Longitude
    -84.327735
    Latitude
    34.860375

    Nearby Similar for Sale

    • $3,000,000
      5,820 SF

      Historic Blue Ridge Inn For Sale

      Iconic Victorian inn in downtown Blue Ridge, Georgia.
      477 First St, Blue Ridge, GA 30513
      View Details
    • $985,000
      2,040 SF

      Established Restaurant in Blue Ridge

      Profitable restaurant investment opportunity in a prime Blue Ridge location.
      2414 E First St, Blue Ridge, GA 30513
      View Details
    • $499,900
      6.00 Acres

      Blue Ridge Brick Ranch Home

      Charming 4-bedroom brick ranch on 6 acres near Hwy 515.
      320 Old Hwy, Blue Ridge, GA 30513
      View Details
    • $150,000
      616 SF

      Established Retail Business Opportunity

      Thriving retail business in historic downtown Blue Ridge for sale.
      701 E Main St, Blue Ridge, GA 30513
      View Details
    • $2,740,000
      15,645 SF

      Historic Downtown Blue Ridge Landmark

      Charming, income-producing commercial property in the heart of downtown.
      990 Main St, Blue Ridge, GA 30513
      View Details
    • $2,740,000
      15,645 SF

      Historic Downtown Blue Ridge Landmark

      Charming, income-producing commercial property in the heart of downtown.
      990 E Main St, Blue Ridge, GA 30513
      View Details
    • Contact for pricing
      950 SF

      Downtown Blue Ridge Office Suite

      Remodeled office suite in downtown Blue Ridge, move-in ready.
      990 Main St, Blue Ridge, GA 30513
      View Details
    • $3,675,000
      9,200 SF

      Renovated Retail Building in Blue Ridge

      Multi-tenant retail building with investment or owner/user potential.
      10091 Blue Ridge Dr, Blue Ridge, GA 30513
      View Details
    • $935,000
      800 SF

      Blue Ridge Cabinetry Business

      Established cabinetry business for sale in Blue Ridge, Georgia.
      112 Cookie Crk Ln, Blue Ridge, GA 30513
      View Details
    • $997,000
      13,334 SF

      Commercial Property in Blue Ridge

      Commercial property for sale in Blue Ridge, Georgia.
      10075 Highway, Blue Ridge, GA 30513
      View Details
    • $3,675,000

      Renovated Retail Building in Blue Ridge

      Multi-tenant retail building with investment or owner/user potential.
      10091 Blue Ridge Dr, Blue Ridge, GA 30513
      View Details
    • Contact for pricing
      2,964 SF

      Retail Property on Appalachian Highway

      Retail space with billboard lease and highway visibility.
      3835 Appalachian Hwy, Blue Ridge, GA 30513
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Profitable restaurant business opportunity in a high-traffic Blue Ridge location.
    Where is this conventional restaurant located?
    The property is located at 2414 E First St Blue Ridge, GA.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - Prime location on a heavily traveled road near Hwy 515 and Downtown Blue Ridge.; - Established and profitable 50+ year family business.; - Renovated from top to bottom in 2020.
    (706) 851-5714
    Request Owner's contact information
    2414 E First St Blue Ridge, GA 30513
    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.
    2414 E First St
    Blue Ridge, GA 30513
    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
    2414 E First St Blue Ridge, GA 30513
    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

    We can help!
    Listing Contact
    Emily Gray
    (706) 851-5714
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.