2226 Ridgecrest CirHiawassee, GA 30546

Property Details for 2226 Ridgecrest Cir

Year built

1948

Lot size

0.74 AC

Property size (Sq ft)

1,633 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

0019A028

APU

0019A028

Description

This exceptional commercial property, located at 2226 Ridgecrest Circle in Hiawassee, Georgia, presents a unique investment opportunity. Priced at $450,000, this retail property includes a well-maintained 1940s cottage situated on land in a high-traffic area with excellent visibility. The property boasts ample parking and additional buildings, offering significant potential for expansion or diversification. Its prime location offers unparalleled convenience and exposure, just minutes from Lake Chatuge, the City of Hiawassee, Georgia Mountain Fair, and Brasstown Valley Resort. The property's history includes a successful, award-winning day spa and boutique operating for 27 years, demonstrating the location's viability for a variety of commercial ventures. This turnkey opportunity allows for immediate occupancy and the potential to build upon an established business legacy. The property is zoned for commercial use within Towns County, Georgia, zip code 30546. Serious inquiries only

• CAP approach

  CAP return

  Valuation

  6%

  $421,278

  6.5%

  $388,872

  7%

  $361,095

• Comparable approach

  Method

  Valuation

  Relative Method

  $802,703

  Geo Method

  $802,703

• Alternative Use

  Use

  Valuation

  Residential

  $328,028

  Hospitality

  $300,472

  Educational

  $249,989

  Medical

  $258,587

  Retail

  $388,872

Location Insight

City

Hiawassee

County

Towns

State

Georgia

Latitude

34.9681

Longitude

-83.8012

Property Tax & Assessments

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