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Property Location

0 Old Hwy 5 S, Ellijay GA 30540

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List Price $499,900

Units 1

Price / Unit $499,900

Est. Year 1 Cash Flow $-22,406 after debt service

0 Old Hwy 5 S Ellijay, GA 30540

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

**Prime Commercial Opportunity in the Heart of Ellijay!** Positioned on highly traveled Hwy 5, this exceptional C-1 zoned commercial parcel offers unbeatable visibility and endless potential. With fantastic road frontage and consistent high traffic counts, this property is perfectly suited for a wide range of development opportunities including townhomes, office space, retail, or even a storage facility. Located just minutes from downtown Ellijay and with easy access to Hwy 515, this prime site places you in one of North Georgia’s fastest-growing and most desirable areas. Ellijay continues to draw both visitors and full-time residents with its charming downtown, unique shopping, award-winning wineries, outdoor adventures, and popular year-round festivals. This property combines C-1 commercial zoning, high visibility, and strong daily traffic with a location that offers convenience and accessibility, making it ideal for a variety of uses such as residential townhome development, retail, office space, or income-producing storage facilities—all surrounded by the natural beauty, tourism, and growth that make Ellijay such a sought-after destination. Don’t miss this rare opportunity to secure a high-exposure commercial property in a thriving North Georgia market.

Investment Notes — Ellijay

Located in the Ellijay, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Modeled from FMLS data + Atlanta metro baselines where listing data is incomplete

Price per Unit $499,900 Verified

 Est. Year 1 Cash Flow  $-22,406  after debt service (25% down / 7% / 30-yr)  Modeled   

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario.

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

46%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Ellijay. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Important Investment Information

Actual MLS Cap Rate is used when present. Gross Income uses rent roll or MLS Gross Income when available, otherwise modeled. Operating expenses use an all-in ratio by property size. Cash-on-cash assumes 25% down, 7% interest, 30-year amortization. All figures are for screening only — verify with current rent roll and expenses.

Some figures shown on this page are estimated because complete rent-roll or operating data was not provided in the listing. Estimated values are clearly marked.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7814431 · Listing courtesy of Atlanta Communities, Adrienne Freeman · 404-353-6566

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

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