36 Mulberry StEllijay, GA 30540

  • Office properties
  • 9,128 SF
For Sale
$1,750,000 View listing

Property Details for 36 Mulberry St

Year built
1989
Construction
STEEL FRAME
Lot size
0.44 AC
Property size (Sq ft)
9,128 SF
Zone code
C2
Property type
Office properties
Property subtype
Office buildings
APN
20206 029
APU
20206029

Description

This exceptional 9,128 square foot commercial building at 36 Mulberry Street, Ellijay, GA, presents a unique investment opportunity. The 4-sided brick structure boasts high visibility and convenient access directly off Highway 515, ensuring significant foot and vehicle traffic. Previously utilized as a medical office, the property features six entrances and eight private suites, offering remarkable flexibility for a diverse range of commercial ventures. Potential uses include multi-tenant offices, a medical facility, or retail space. While some updates are recommended, the building provides a solid foundation for customization. The sale includes an adjacent 0.44-acre lot (Tax ID #20206 027), along with comprehensive CAD drawings for a proposed 22-space parking lot and covered drop-off area. This expansion plan significantly enhances accessibility and overall property value. Located in a highly desirable Ellijay area, this property offers unparalleled potential for a discerning buyer seeking a prominent commercial presence. The high-traffic location and adaptable space create endless possibilities for establishing a thriving business. This is a rare chance to secure a prime commercial property in one of Ellijay's most visible and accessible locations.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,930,612
    6.5%
    $1,782,103
    7%
    $1,654,810
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,486,860
    Geo Method
    $1,780,508
  • Alternative Use

    Use
    Valuation
    Residential
    $2,209,808
    Hospitality
    $2,024,172
    Educational
    $1,684,088
    Medical
    $1,742,006
    Retail
    $2,619,692
36 Mulberry St, Ellijay, Georgia

Location Insight

City
East Ellijay
County
Gilmer
State
Georgia
Latitude
34.6848
Longitude
-84.4724

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,552
$31,680
$315,440
$347,120
-
$79,200
$788,600
$867,800

FAQs

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