7493 Us Hwy 76Alexanders Mill, GA 30582

Property Details for 7493 Us Hwy 76

Year built

1937

Lot size

0.39 AC

Property size (Sq ft)

3,500 SF

Property type

Retail properties

Property subtype

Retail space

APN

YH03 012

APU

YH03012

Description

This unique .39-acre commercial property in Young Harris, Georgia, located at 7493 US Hwy 76 W, presents an exceptional investment opportunity. Originally constructed in 1937, this historically significant site boasts a rich and varied past, having served as Gibby's Furniture Store for many years. Local accounts detail its use as a restaurant, barbershop, and even a former location of Abernathy Furniture. Adding to its intriguing history, the building functioned as a speakeasy during Prohibition, cleverly utilizing a system of colored lights to signal approaching law enforcement while serving both students from Young Harris College and workers involved in the creation of Lake Chatuge. A hidden basement provided access to patrons through small doors. The property's versatility allows for a wide range of potential uses, including retail space, a restaurant, an art studio, or any other innovative venture. The asking price is $350,000. This is a chance to acquire a piece of Young Harris history and shape its future. The property is zoned for commercial use and is situated in Towns County, Georgia, zip code 30582. The site offers significant potential for redevelopment or repurposing, capitalizing on its prominent location and historical significance. Don't miss this rare opportunity to own a piece of Young Harris's vibrant past and create a successful future.

• CAP approach

  CAP return

  Valuation

  6%

  $902,923

  6.5%

  $833,467

  7%

  $773,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,720,429

  Geo Method

  $1,720,429

• Alternative Use

  Use

  Valuation

  Residential

  $703,061

  Hospitality

  $644,000

  Educational

  $535,800

  Medical

  $554,227

  Retail

  $833,467

Location Insight

City

Young Harris

County

Towns

State

Georgia

Latitude

34.9181

Longitude

-83.8577

Property Tax & Assessments

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