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    8679 Lakewood Highway Mineral Bluff, GA 30559

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    New
    For Sale
    $539,000

    Commercial Sale, Other - Mineral Bluff, GA

    Type:Mixed Use
    Property size:
    1,487 SF
    Lot size:
    1.02 Acres
    Price / SF:
    $362/SF
    Added:
    May 4, 2026
    Days on Market:
    4
    Last Refresh:
    May 7 at 6:06 am

    Property Features for 8679 Lakewood Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Parking
    5
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    MB01 048
    Size
    1,487 SF
    Lot size
    1.02 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1890
    Floors in Building
    2
    Flooring type
    Hardwood
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Steve Tucker
    Steve Tucker

    Listing agent Steve Tucker

    Listing office Engel & Völkers North Georgia Mountains 631 East Main Street, Blue Ridge, GA

    Listing date May 4, 2026

    MLS# 7757605 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Completely rebuilt in 2025: Enjoy the peace of mind of a brand‑new home with updated systems.
    • Includes two lots totaling 1.68 acres: Featuring a 1.02‑acre double lot with the home and a separate 0.66‑acre lot.
    • Features two versatile outbuildings: Including a finished craft cottage ('Patty Shack') with HVAC and a large workshop.
    • Bonus loft: Main house complemented by a 411 sq. ft. bonus loft.
    • Prime downtown Mineral Bluff location: Offers incredible commercial potential with great Main Street exposure.
    • Modern amenities and design: Integrates salvaged historic elements with contemporary features.

    Overview

    Renovated Mixed-Use Property in Mineral Bluff

    This mixed-use property in downtown Mineral Bluff features a 1,487 sq. ft. home with 2 bedrooms and 1.5 bathrooms, completely rebuilt in 2025. The renovation includes new plumbing, electrical systems, a central HVAC system, tongue-and-groove flooring, kitchen cabinets, and appliances. Exterior improvements feature new roofs on all three buildings and a leveled 1.02-acre double lot. The property includes a 411 sq. ft. bonus loft, a finished craft cottage with HVAC called the "Patty Shack", and a large workshop. The sale includes an adjacent 0.66-acre lot, suitable for extra parking, septic expansion, or building a second home. Salvaged hand-hewn mantles and repurposed wood accents are integrated into the contemporary layout. Furnishings are negotiable. The property has commercial potential for uses such as a coffee shop, bookstore, or gift shop with Main Street exposure. It is centrally located near Blue Ridge, Murphy, Blairsville, and McCaysville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Auto Repair Shop Hair Salon Hotel & Motel Department Store Accounting Firm HVAC Service Discount Store Daycare Center Nursing Home Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Mineral Bluff
    County
    Fannin
    State
    Georgia
    Longitude
    -84.274904
    Latitude
    34.913886

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    • $539,000

      Like New Commercial Home

      Completely rebuilt home with commercial potential in downtown Mineral Bluff.
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    FAQs

    What type of property is this?
    Mixed-use property - Completely rebuilt mixed-use property with commercial potential in downtown Mineral Bluff.
    Where is this mixed-use property located?
    The property is located at 8679 Lakewood Highway Mineral Bluff, GA.
    What is the asking price?
    The asking price for this property is $539,000.
    What are key features of this property?
    This property features: Completely rebuilt in 2025: Enjoy the peace of mind of a brand‑new home with updated systems.; Includes two lots totaling 1.68 acres: Featuring a 1.02‑acre double lot with the home and a separate 0.66‑acre lot.; Features two versatile outbuildings: Including a finished craft cottage ('Patty Shack') with HVAC and a large workshop.
    (954) 663-3036
    We can help!
    Listing Contact
    Steve Tucker
    Steve Tucker
    Real Estate License ID: 363256
    Learn More
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    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.

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