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    Property profile & analytics
    OFF-MARKET Estimated value $695,000
    Hotels

    15702 Hwy 197th N, Clarkesville, GA 30523-0940

    7,053 SF 6.37 ac lot Built 1947
    Individually Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US22-1902348
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $695k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $695k
    Owner & transaction history
    Jennifer Lynn Douglas · 7 yrs held
    Jennifer Lynn Douglas
    since 2019
    Last sale
    $697,500
    3 recorded transactions
    2019
    2005
    2005
    $13,500
    Zoning & alternative use
    LI · Clarkesville, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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