146 Depot StBlue Ridge, GA 30513

Property Details for 146 Depot St

Year built

1945

Construction

CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

11,204 SF

Zone code

COMMERCIAL

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

BR02 217

APU

BR02217

Description

This exceptional commercial property, located at 146 Depot Street in Blue Ridge, Georgia (zip code 30513), presents a compelling investment opportunity. The 11,204 square foot mixed-use building sits on a 19,602 square foot lot and is currently 100% occupied, generating immediate cash flow. Situated just one block from the courthouse and directly across from City Hall, this prime location ensures high visibility and significant foot traffic. The property includes two separate parking lots providing a total of 11 spaces, a key advantage in a bustling downtown area. Zoned within the Central Business District (CBD), this property offers flexibility for future development and expansion. The existing structure offers potential for an additional 5,000 square feet of buildable space above, along with the possibility of adding covered parking. A restaurant space will become available in January. This property is ideally suited for investors seeking a strong return in a thriving Georgia town. The property's strategic location, ample parking, and expansion potential make it a truly unique investment opportunity. The current occupancy is 100%, with an occupancy date of October 23, 2024. The asking price is $3,895,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,060,789

  6.5%

  $2,825,344

  7%

  $2,623,533

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,913,732

  Geo Method

  $3,387,451

• Alternative Use

  Use

  Valuation

  Residential

  $2,825,344

  Hospitality

  $2,588,000

  Educational

  $2,153,185

  Medical

  $2,227,236

  Retail

  $3,349,399

Location Insight

City

Blue Ridge

County

Fannin

State

Georgia

Latitude

34.8659

Longitude

-84.3266

Property Tax & Assessments

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