Technical
Financial
Distress signals
Property profile

438 Irvin St Cornelia, GA 30531

FOR SALE
Other warehouses
Property ID
US22-1108872
6,888 SF 0.57 ac lot Built 1937
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Industrial building originally constructed in 1937 as the Cornelia Ice Coal Plant, featuring approximately 14,000 square feet on the main level plus a 2,900-square-foot loft created from the original roof structure; original-use architectural elements remain visible, including brick walls and weighing scales. A 1,032-square-foot office suite is located at the front and includes a full bathroom. The building has three roll-up doors (including one with drive-in access), a dock-high front entry, and a ground-level side door. Skylights are installed to bring natural light into the interior. The property is configured to support a range of industrial and commercial uses, including industrial production or storage, vehicle/auto or truck repair, custom cabinet or woodworking shop, microbrewery uses, RV/boat storage, and auction-related operations. The building is within Cornelia city limits and is positioned in a downtown area with mixed uses; it is located minutes from Highway 365/985, providing regional access to North Georgia’s mountains and outdoor recreation.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1937
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,888 SF
Lot 0.57 ac (24,768 SF)
Zoning code LI
APN 089B056
UPID US22-1108872

Cap rate & NOI

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

Location

438 Irvin St Cornelia, GA 30531
Cornelia metro Census 604 CORNELIA, GA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2022
Last sale
$350,000
2 recorded transactions
2022
$350,000
2020
Price N/A

Zoning & alternative use

LI · Cornelia, GA
Zoning description

Section 42-55. LI, Light Industrial District. 42-55.1. Purpose and Intent. The Light Industrial zoning district is established with the purpose of reserving certain areas with relatively level topography, adequate water…

General category INDUSTRIAL

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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