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    OFF-MARKET
    Retail space

    7493 Us Hwy 76, Young Harris, GA 30582-3003

    3,500 SF 0.39 ac lot Built 1937
    Individually Owned Free & Clear
    Property ID
    US22-3005286
    Property summary
    AI-generated overview

    This unique .39-acre commercial property in Young Harris, Georgia, located at 7493 US Hwy 76 W, presents an exceptional investment opportunity. Originally constructed in 1937, this historically significant site boasts a rich and varied past, having served as Gibby's Furniture Store for many years. Local accounts detail its use as a restaurant, barbershop, and even a former location of Abernathy Furniture. Adding to its intriguing history, the building functioned as a speakeasy during Prohibition, cleverly utilizing a system of colored lights to signal approaching law enforcement while serving both students from Young Harris College and workers involved in the creation of Lake Chatuge. A hidden basement provided access to patrons through small doors. The property's versatility allows for a wide range of potential uses, including retail space, a restaurant, an art studio, or any other innovative venture. The asking price is $350,000. This is a chance to acquire a piece of Young Harris history and shape its future. The property is zoned for commercial use and is situated in Towns County, Georgia, zip code 30582. The site offers significant potential for redevelopment or repurposing, capitalizing on its prominent location and historical significance. Don't miss this rare opportunity to own a piece of Young Harris's vibrant past and create a successful future.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1937
    Total area 3,500 SF
    Lot 0.39 ac (16,988 SF)
    APN YH03 012
    UPID US22-3005286
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    ROBERT W GIBBY
    ROBERT W GIBBY
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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