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    FOR SALE
    Investment properties

    146 Depot St, Blue Ridge, GA 30515

    11,204 SF 0.45 ac lot Built 1945
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US22-3547649
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 146 Depot Street in Blue Ridge, Georgia (zip code 30513), presents a compelling investment opportunity. The 11,204 square foot mixed-use building sits on a 19,602 square foot lot and is currently 100% occupied, generating immediate cash flow. Situated just one block from the courthouse and directly across from City Hall, this prime location ensures high visibility and significant foot traffic. The property includes two separate parking lots providing a total of 11 spaces, a key advantage in a bustling downtown area. Zoned within the Central Business District (CBD), this property offers flexibility for future development and expansion. The existing structure offers potential for an additional 5,000 square feet of buildable space above, along with the possibility of adding covered parking. A restaurant space will become available in January. This property is ideally suited for investors seeking a strong return in a thriving Georgia town. The property's strategic location, ample parking, and expansion potential make it a truly unique investment opportunity. The current occupancy is 100%, with an occupancy date of October 23, 2024. The asking price is $3,895,000.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1945
    Construction CONCRETE
    Total area 11,204 SF
    Lot 0.45 ac (19,602 SF)
    Zoning code COMMERCIAL
    APN BR02 217
    UPID US22-3547649
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Design Refind Discount Store (Bike/Boat/Book/etc) Store
    • Dr. A. Ronald Seifert. Ph.D. Physician Medical Clinic
    • Cheshire Heating & Air HVAC Service General Contractor
    • 34th Degree Wine Merchant Specialty Food Shop Wine and Liquor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $870k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.03M
    Blend (final) Blend
    $855k
    Owner & transaction history
    Mountain Area Properties LLC · 4 yrs held
    Mountain Area Properties LLC
    since 2021
    Last sale
    $800,000
    3 recorded transactions
    2021
    $800,000
    2014
    $575,000
    2008
    $520,928
    Zoning & alternative use
    COMMERCIAL · Blue Ridge, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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