987 Shenendoa Dr Ellijay, GA 30540-0629
- Office buildings
- 1,126 SF
- 7.67 lot acres
Current Use by Public Records
- Heart Chan Sacred Light Mountain/East Regional Retreat Center / Calligraphy Lesson / Meditation Instructor
- Whitepath Lodge / Hotel
Property Details for 987 Shenendoa Dr
- Year built
- 1997
- Construction
- WOOD
- Lot size
- 7.67 lot acres
- Property size
- 1,126 SF
- Zone code
- C1
- Property type
- Office buildings
- APN
- 3093 015
- APU
- 3093015
Description
Exceptional investment opportunity: Whitepath Lodge & Resort, a newly renovated 14-unit lodge and resort nestled on 7.67 acres in scenic Ellijay, Georgia. This stunning property boasts breathtaking long-range views, situated on the 10th hole of the Whitepath Golf Course. The resort features eight spacious three-bedroom, three-bathroom suites, each complete with a full kitchen and laundry facilities, and six two-bedroom, two-bathroom townhomes, similarly equipped. A separate one-bedroom, one-bathroom apartment and office provide on-site management capabilities. Amenities include a large river rock-lined pool, a pavilion, and multiple play areas (one adaptable for tennis, pickleball, or basketball). A substantial conference center with a fully equipped kitchen and restrooms is ideal for weddings, reunions, or corporate events. Additional features include a large garage/workshop, ample paved parking, and easy access to Ellijay and Blue Ridge. The property's 22,824 square feet offer significant potential for expansion or diversification. This turnkey operation presents a rare chance to acquire a thriving hospitality business in a highly desirable mountain location. The property's versatility and extensive amenities cater to a wide range of clientele, ensuring strong rental income and significant return on investment. The abundant wildlife and walking trails enhance the overall appeal and provide a tranquil retreat for guests. Asking price: $4,400,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,700,000
- 6.5%
- $1,740,000
- 7%
- $1,515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,875,000
- Geo Method
- $1,565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,340,000
- Retail
- $1,340,000
- Mixed-Use
- $1,525,000
- Hospitality
- $1,310,000
- Educational
- $1,580,000
- Residential Income
- $1,770,000
- Energy
- $1,780,000
- Income-Based Land
- $1,405,000
- Food Service
- $1,765,000
Location Insight
- Map
- Local Demand
- City
- Ellijay
- County
- Gilmer
- State
- Georgia
- Longitude
- -84.4377
- Latitude
- 34.7574
