987 Shenendoa DrEllijay, GA 30540

Property Details for 987 Shenendoa Dr

Year built

1997

Construction

WOOD

Lot size

7.67 AC

Property size (Sq ft)

1,126 SF

Zone code

C1

Property type

Office buildings

APN

3093 015

APU

3093015

Description

Exceptional investment opportunity: Whitepath Lodge & Resort, a newly renovated 14-unit lodge and resort nestled on 7.67 acres in scenic Ellijay, Georgia. This stunning property boasts breathtaking long-range views, situated on the 10th hole of the Whitepath Golf Course. The resort features eight spacious three-bedroom, three-bathroom suites, each complete with a full kitchen and laundry facilities, and six two-bedroom, two-bathroom townhomes, similarly equipped. A separate one-bedroom, one-bathroom apartment and office provide on-site management capabilities. Amenities include a large river rock-lined pool, a pavilion, and multiple play areas (one adaptable for tennis, pickleball, or basketball). A substantial conference center with a fully equipped kitchen and restrooms is ideal for weddings, reunions, or corporate events. Additional features include a large garage/workshop, ample paved parking, and easy access to Ellijay and Blue Ridge. The property's 22,824 square feet offer significant potential for expansion or diversification. This turnkey operation presents a rare chance to acquire a thriving hospitality business in a highly desirable mountain location. The property's versatility and extensive amenities cater to a wide range of clientele, ensuring strong rental income and significant return on investment. The abundant wildlife and walking trails enhance the overall appeal and provide a tranquil retreat for guests. Asking price: $4,400,000.

• CAP approach

  CAP return

  Valuation

  6%

  $240,120

  6.5%

  $221,650

  7%

  $205,818

• Comparable approach

  Method

  Valuation

  Relative Method

  $184,513

  Geo Method

  $219,638

• Alternative Use

  Use

  Valuation

  Residential

  $274,846

  Hospitality

  $251,757

  Educational

  $209,459

  Medical

  $216,662

  Retail

  $325,825

Location Insight

City

Ellijay

County

Gilmer

State

Georgia

Latitude

34.7574

Longitude

-84.4377

Property Tax & Assessments

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