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GA
Blue Ridge
30513
146 Depot St

146 Depot St Blue Ridge, GA 30515

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11,204 SF 0.45 ac lot Built 1945

Entity Owned 5-yr Hold Free & Clear

$3,499,900 11,204 SF

146 Depot St, Blue Ridge, GA 30515
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Estimated value (blended)

$765k

Range $689k – $842k (±10%)

Property ID US22-3547649

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 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

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Discount Store (Bike/Boat/Book/etc) Store
Physician Medical Clinic
HVAC Service General Contractor
Specialty Food Shop Wine and Liquor Store

AI Approach AI

$870k

CAP Approach CAP

by Request

Comparable Approach Comparable

$1.03M

Blend (final) Blend

$765k

since 2021

Last sale

$800,000

3 recorded transactions

2021

$800,000

2014

$575,000

2008

$520,928

Comparables

6 recent transactions · within 1.5 mi

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