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    240-0 Varnes Ln Lakemont, GA 30552

    Sponsored
    For Sale
    $2,700,000

    10-Acre Multi-Family Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10-acre property in Lakemont, Georgia, presents a lucrative multi-family investment opportunity. Located at 240-0 Varnes Lane, 30552, this land boasts 21 buildings constructed in 1986. Currently zoned multi-family, the property comprises a portfolio of rental units, all currently tenant-occupied, offering immediate cash flow. The asking price is $2,700,000. This substantial land parcel provides significant potential for future development or expansion within the thriving Rabun County market. The property's current configuration offers a diverse range of housing options, catering to various lifestyles. Given the high occupancy rate and strong rental demand, this investment promises a solid return. Showings are preferred upon receipt of an acceptable offer. This is a rare chance to acquire a substantial, income-generating property in a desirable location. The property's multi-family zoning allows for flexibility and future growth potential. Don't miss this chance to secure a valuable asset in a rapidly growing area.

    Property Features for 240-0 Varnes Ln

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    Building Details

    Year Built
    1986
    Buildings
    21
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hotel & Motel Gym & Fitness Department Store Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakemont
    County
    Rabun - GA
    State
    Georgia
    Longitude
    -83.4102482
    Latitude
    34.7888665

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    FAQs

    What type of property is this?
    Land - 10-Acre Multi-Family Investment Opportunity
    Where is this land located?
    The property is located at 240-0 Varnes Ln Lakemont, GA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    Request Owner's contact information
    240-0 Varnes Ln Lakemont, GA 30552
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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
    240-0 Varnes Ln Lakemont, GA 30552
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