36 Mulberry StEllijay, GA 30540
- Office properties
- 9,128 SF
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
Location Insight
- City
- East Ellijay
- County
- Gilmer
- State
- Georgia
- Latitude
- 34.6848
- Longitude
- -84.4724
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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