1378 Highway 76Hiawassee, GA 30546

Property Details for 1378 Highway 76

Year built

2007

Construction

WOOD

Lot size

0.65 AC

Property size (Sq ft)

6,707 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

0045 102A

APU

0045102A

Description

This exceptional commercial property, located at 1378 Hwy 76 East in Hiawassee, Georgia, presents a unique investment opportunity. Spanning 9,433 square feet on a 0.65-acre lot, the property boasts a versatile layout ideal for multiple income streams. The main building features three ground-floor rental units, each complete with its own bathroom. An attached two-story structure offers three offices, a conference room, a fireplace, a kitchen, and two bathrooms, perfect for professional use. The building's interior features a blend of finished concrete floors, wood, and sheetrock walls. A significant bonus is a sizable shop area, easily convertible into a high-demand paid storage facility. This area includes a bathroom and three garage doors, conveniently situated behind a circular driveway. The property's proximity to the lake enhances its appeal and potential for increased rental income. The asking price is $1,700,000, and owner financing with a 20% down payment is considered. This property offers unlimited potential for a savvy investor seeking a live-work-play lifestyle or a substantial rental income portfolio. The combination of existing rental units and the adaptable shop space provides flexibility for a variety of commercial ventures. Don't miss this chance to acquire a prime commercial property in a desirable lakeside location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,459,537

  6.5%

  $1,347,265

  7%

  $1,251,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,027,814

  Geo Method

  $2,027,814

• Alternative Use

  Use

  Valuation

  Residential

  $1,347,265

  Hospitality

  $1,234,088

  Educational

  $1,026,747

  Medical

  $1,062,058

  Retail

  $1,597,161

Location Insight

City

Hiawassee

County

Towns

State

Georgia

Latitude

34.9306

Longitude

-83.7342

Property Tax & Assessments

FAQs

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