8623 Murphy HwyBlairsville, GA 30512

Property Details for 8623 Murphy Hwy

Year built

1955

Construction

TYPE NOT SPECIFIED

Lot size

0.68 AC

Property size (Sq ft)

3,156 SF

Property type

Retail space

APN

035 157 C

APU

035157C

Description

This exceptional 3,156 square foot commercial property, situated on a 0.68-acre lot at 8623 Murphy Hwy in Blairsville, GA, presents a remarkable investment opportunity. Boasting a prime location at a high-traffic intersection with excellent visibility, this property is ideally suited for a variety of retail businesses. Its proximity to Lake Nottely and its position near thriving businesses, including two busy BBQ restaurants and an outdoor furniture store, ensures a steady stream of potential customers. The building itself offers ample parking on the sides and rear, and the previous tenant operated a successful rustic furniture business, demonstrating the site's viability. The property is currently vacant, providing a blank canvas for a new owner to customize the space to their specific needs. The high traffic count on Murphy Highway, leading towards Murphy and Blue Ridge, guarantees significant exposure. Expansion possibilities exist, and the adjacent BBQ restaurant occasionally utilizes the parking area and provides lawn maintenance, suggesting a collaborative neighborhood atmosphere. The asking price is $789,000, and owner financing may be available. This is a rare chance to acquire a well-located, established commercial property with significant growth potential in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $814,178

  6.5%

  $751,549

  7%

  $697,867

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,551,336

  Geo Method

  $1,551,336

• Alternative Use

  Use

  Valuation

  Residential

  $633,960

  Hospitality

  $580,704

  Educational

  $483,139

  Medical

  $499,755

  Retail

  $751,549

Location Insight

City

Blairsville

County

Union

State

Georgia

Latitude

34.9617

Longitude

-84.059

Property Tax & Assessments

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