987 Shenendoa DrEllijay, GA 30540

  • Office properties
  • 1,126 SF
For Sale
$4,400,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
987 Shenendoa Dr, Ellijay, Georgia

Location Insight

City
Ellijay
County
Gilmer
State
Georgia
Latitude
34.7574
Longitude
-84.4377

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
-
$73,600
$633,000
$706,600
-
$184,000
$1,582,500
$1,766,500

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