0 Highway 515 Ellijay, GA 30540
This exceptional 21.49-acre commercial land parcel presents a compelling investment opportunity in the rapidly growing Ellijay, Georgia area. Located on Highway 515, less than two miles north of historic downtown Ellijay, this property boasts unparalleled visibility with over 1200 feet of road frontage. Its advantageous location on the main thoroughfare between Ellijay and Blue Ridge ensures high traffic volume and exposure. The property is zoned commercial and offers convenient access via a north-bound median crossover and deeded access from the Georgia Department of Transportation, guaranteeing seamless ingress and egress. Utilities, including power and water, are readily available nearby, simplifying development plans. While railroad tracks run along the property's rear, the railway is currently inactive. Built in 1800, this expansive lot presents a blank canvas for developers seeking to capitalize on the flourishing Ellijay/Gilmer County market. The asking price is $499,900. This is a rare chance to acquire a significant commercial land holding in a thriving community poised for continued growth. Don't miss this chance to secure a prime location in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.