Property Location

243 Old Highway 5 S, Ellijay GA 30540

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List Price $949,000
Units 1
Est. Cap Rate 0.8%
Est. Cash-on-Cash -20.8%
Price / Unit $949,000
Est. Year 1 Cash Flow $-49,297 after debt service
243 Old Highway 5 S Ellijay, GA 30540
FMLS IDX Data last updated: August 2, 2026 at 9:46 PM EST
ACTIVE
Property Description
Over an acre Commercial Property, zoned (C-1 this district generally supports retail, office and service related), is positioned along heavily traveled Old Highway 5, a key route connecting downtown Ellijay and moments to the Walmart shopping plaza. This fully updated 3-story, 2,000+SF commercial building delivers outstanding visibility and exceptional scalability. Situated across from an entrance of Coosawattee River Resort-one of Gilmer County's largest residential communities-the property benefits from high-volume daily traffic, with 2 access drives on Old highway 5 and one access to progress road. The main level features striking window frontage and a dramatic floor-to-ceiling fireplace, perfect for a professional showroom or reception. This level also includes an oversized private office and restroom. Upstairs, a bright loft overlooking the main level with 2 separate offices that feature vaulted ceilings and exposed beams. The lower level includes a separate entrance and lockout capability, providing a secondary income stream, complete with a kitchenette and restroom. The property includes a large 3,200+ SF warehouse, ideal for commercial, landscaping, storage, operations, or distribution. Dual circular driveways offer ample parking and accommodate larger vehicles/trailers. With additional acreage, there is ample room to expand. Infrastructure includes county water, natural gas, a 2024 metal roof, and a septic system (installed 2010) sized for future restroom expansion. Ellijay is a premier North Georgia destination with a robust tourism market driven by local wineries, orchards, and outdoor recreation. With premier highway frontage and a versatile layout, this is a rare opportunity to invest in one of Ellijay's most active commercial corridors.
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
Professional Investment Analysis

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

Price per Unit $949,000 Verified
Est. Cap Rate 0.79% Modeled
Est. Cash-on-Cash -20.78% Modeled
Est. Gross Income $15,360 Modeled
Est. NOI $7,526 Modeled
Est. Year 1 Cash Flow $-49,297 after debt service (25% down / 7% / 30-yr) Modeled
Price per Sq Ft $760 Verified
Confidence scores included Latest FMLS data Transparent modeling
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30 yrs
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Jeff’s Investment Take

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Est. Cap0.8%
Est. CoC-20.8%
Important Investment Disclaimer
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: 7812972 · Listing courtesy of RE/MAX Town And Country, CATHERINE BENITEZ · 706-515-7653

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