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Property profile & analytics
OFF-MARKET Estimated value $825,000
Retail space

16 Main St Ellijay, GA 30540-3335

2,736 SF 0.09 ac lot Built 1940
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US22-3065471
Property summary
AI-generated overview

This exceptional 2,736 square foot commercial property, located at 16 N Main St in the heart of Ellijay, Georgia, presents a unique investment opportunity. Situated on a 0.09-acre lot, the building boasts a large fixed glass storefront, offering excellent visibility and curb appeal. The existing structure is currently operating as a successful retail business, demonstrating strong sales figures. The property's prime location directly fronts a boardwalk, providing convenient rear access. A significant advantage is the recent replacement of the metal roof within the past two to three months, eliminating immediate roof maintenance concerns. The building's adaptable design allows for continued retail use or conversion into a high-end restaurant, capitalizing on the desirable location and boardwalk access. The sale includes the land, building, and the established business, offering a complete and turnkey operation. This is a rare chance to acquire a thriving business with significant growth potential in a vibrant downtown setting. The property's strong sales history, coupled with its prime location and recent roof replacement, makes this an attractive investment for discerning buyers seeking a profitable venture in a desirable Georgia town. The substantial square footage and versatile layout offer ample space for expansion or customization to suit a variety of commercial uses. Serious inquiries are encouraged to explore this exceptional opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Construction WOOD
Total area 2,736 SF
Lot 0.09 ac (3,920 SF)
Zoning code CBD
APN 10122 007
UPID US22-3065471
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
  • Beds Etc Home Decor Store Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$825k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k
Owner & transaction history
Otero Investments LLC · 1 yrs held
Otero Investments LLC
since 2024
Last sale
$825,000
3 recorded transactions
2024
$825,000
2019
Price N/A
2007
Price N/A
Zoning & alternative use
CBD · Ellijay, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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