366 Paradise Rd Blairsville, GA 30512-5986
- Golf courses & driving ranges
- 1,408 SF
- 1.00 lot acres
Current Use by Public Records
- Paradise Hills, Winery Resort & Spa / Cabin Rental Agency / Resort Hotel
Property Details for 366 Paradise Rd
- Year built
- 2005
- Construction
- WOOD
- Lot size
- 1.00 lot acres
- Property size
- 1,408 SF
- Property type
- Golf courses & driving ranges
- APN
- 099 019
- APU
- 99019
Description
Exceptional investment opportunity in Blairsville, Georgia. This 30.37-acre property includes a restaurant and bar, eight rental cabins, a European-style wellness spa, a farm winery with tasting room and production facility, wine storage, an off-site retail tasting room, and a "wine tank" for off-site festivals. The property also features an owner's residence with a guest house and pool. The vineyard, established in 1988, currently encompasses 6.13 acres of vines, with an additional acre planted in April 2023 and a 20-year lease on another acre for planting in April 2023. The established vineyard wedding venue provides a unique and profitable revenue stream, leveraging the stunning Blue Ridge Mountain backdrop. This turnkey operation offers a diverse range of amenities and services, attracting visitors seeking cabin rentals, spa treatments, wine tastings, weddings, retreats, and workshops. The property's proven track record of success makes it an ideal investment for both seasoned investors and first-time buyers seeking a profitable and unique venture in the heart of the North Georgia Mountains. The thirteen buildings on the property are well-maintained and contribute to the overall success of this established business. This is a rare opportunity to acquire a thriving, multifaceted business with significant growth potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $480,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $560,000
- 6.5%
- $570,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $585,000
- Geo Method
- $645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $565,000
- Retail
- $650,000
- Mixed-Use
- $660,000
- Hospitality
- $570,000
- Educational
- $595,000
- Residential Income
- $685,000
- Energy
- $610,000
- Income-Based Land
- $680,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- Blairsville
- County
- Union
- State
- Georgia
- Longitude
- -83.9189
- Latitude
- 34.8278