36 Mulberry StEllijay, GA 30540

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 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.

• 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

Location Insight

City

East Ellijay

County

Gilmer

State

Georgia

Latitude

34.6848

Longitude

-84.4724

Property Tax & Assessments

FAQs

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