241 Acres Legion Rd Ellijay, GA 30540
This exceptional 241-acre property, located at 241 Acres Legion Road, Ellijay, Georgia, 30540, presents a unique mixed-use development opportunity. Currently zoned PUD-C, this expansive parcel offers unparalleled flexibility for a variety of projects, including single-family homes, townhomes, condominiums, apartments, zero lot line homes, and light commercial ventures. Previously zoned R-1, the rezoning to PUD-C significantly enhances development potential. The land boasts stunning long-range mountain views, complemented by the natural beauty of creeks and streams flowing through a wooded setting. A gravel road is already in place, simplifying access and paving the way for immediate development. This location provides convenient access to the amenities of downtown Ellijay, with its year-round shopping and dining options, ensuring a vibrant and desirable setting for any development. The asking price for this remarkable property is $1,995,000. Access to the property is by appointment only. This is an exceptional investment opportunity for developers seeking a large-scale project in a picturesque and rapidly growing 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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.