2414 First StBlue Ridge, GA 30513

Property Details for 2414 First St

Year built

1965

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

2,040 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

BR04 018

APU

BR04018

Description

This exceptional mixed-use property, located at 2414 E First Street in Blue Ridge, Georgia, presents a lucrative investment opportunity. The 0.4-acre lot houses a single building constructed in 1965, recently renovated in 2020. Currently operating as a successful restaurant and bar, the business boasts a prime location on a heavily trafficked road connecting Highway 515 and downtown Blue Ridge, ensuring high visibility and consistent customer flow. The property benefits from all paved access, ample privately owned parking, and convenient city water and sewer connections. Adding to its appeal are two outdoor patios, complete with custom weatherproof screening, providing additional seating and ambiance. The asking price is $985,000. This established and profitable business offers a rare chance to acquire a well-regarded asset in the heart of Blue Ridge, a thriving tourist destination. The property's strong history, combined with its recent renovations and desirable location, makes it an ideal investment for discerning buyers seeking a turnkey operation with significant growth potential. The business is easily accessible and a short walk from the downtown area, further enhancing its appeal to both locals and tourists. This is a unique opportunity to own a piece of Blue Ridge's vibrant culinary scene.

• CAP approach

  CAP return

  Valuation

  6%

  $660,672

  6.5%

  $609,851

  7%

  $566,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $862,532

  Geo Method

  $1,002,764

• Alternative Use

  Use

  Valuation

  Residential

  $514,432

  Hospitality

  $471,217

  Educational

  $392,047

  Medical

  $405,530

  Retail

  $609,851

Location Insight

City

Blue Ridge

County

Fannin

State

Georgia

Latitude

34.8547

Longitude

-84.3299

Property Tax & Assessments

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