Property profile

15702 Hwy 197th N Clarkesville, GA 30523

OFF-MARKET
Hotels
Property ID
US22-1902348
7,053 SF 6.37 ac lot Built 1947
Individually Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,538 sq ft property, situated on 6.17 acres just two minutes from Lake Burton in Clarkesville, Georgia, presents a lucrative turnkey opportunity. The main lodge, known as the North 40 Lodge Bed & Breakfast, features four uniquely charming guest rooms, each with a private entrance, back porch, and full bathroom. These rooms are currently utilized as successful vacation and short-term rentals, generating significant income. The property also boasts a fully operational restaurant complete with a full bar and a professional kitchen, adding another revenue stream. A cozy back deck provides additional seating for restaurant patrons and lodge guests. Further enhancing the income potential is a separate one-bedroom, one-bathroom authentic log cabin, also used as a vacation rental. Combined rental income from the lodge and cabin exceeded $100,000 last year, in addition to restaurant revenue. A substantial shop/storage building offers significant expansion potential, easily adaptable into additional office space or rental units. This established and profitable business is ideally located in a highly desirable area, offering a rare blend of hospitality and investment potential. The property's prime location near Lake Burton ensures consistent demand for its lodging and dining services. This is a remarkable opportunity for an investor seeking a well-established, high-income-generating business with significant growth potential.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1947
Construction FRAME
Total area 7,053 SF
Lot 6.37 ac (277,477 SF)
Zoning code LI
APN 032 048
UPID US22-1902348

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15702 Hwy 197th N Clarkesville, GA 30523-0940
Clarkesville metro Census 203 CORNELIA, GA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$605k

Owner & transaction history

since 2019
Last sale
$697,500
3 recorded transactions
2019
Price N/A
2005
Price N/A
2005
$13,500

Zoning & alternative use

LI · Clarkesville, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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