JeffCroweCRE
Commercial

4 Northside Square

Ellijay, GA 30540

Location

4 Northside Square, Ellijay GA 30540

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List Price$725,000
TypeRetail
Building2,720 SF
Lot0.04 Ac
Building

Improved commercial

2,720 SF building

Retail · Commercial · C3 · $267 / SF · 0.04 ac lot

Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7655659
Listing Provided By Local Realty · 470-467-9000
Description

Property Description

Prime Downtown Ellijay Commercial Building – Dual Income Potential! POSSIBLE AIRBNB!!! Located in the heart of historic downtown Ellijay, this charming two-story commercial building sits directly on the square, offering maximum visibility and unbeatable foot traffic in one of North Georgia’s most beloved tourist destinations. The ground floor is home to a well-established candy and fudge shop – a longtime tenant that draws a steady stream of visitors year-round. Upstairs, the second story features its own private street entrance and is partitioned into multiple office spaces, making it ideal for professional suites, creative studios, salon, or build out the space to suit their needs. Being in the business district, you could use the space as an Airbnb. With separate access and flexible layout options, this floor offers a blank canvas for additional income or your own business venture. Ellijay is renowned for its vibrant tourism scene, fueled by popular attractions like the Apple Festival, mountain biking trails, award-winning wineries, and scenic mountain charm. This is a rare opportunity to own a character-filled property in one of Georgia’s fastest-growing mountain towns.
Tax Advantage

Opportunity Zone Property

Tract 13123080300

This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.

  • ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
  • TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
  • StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests

Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.

View all Opportunity Zone properties →IRS Opportunity Zones overview ↗

Listing facts

Structured MLS fields. Remark language is not verified.

Year built
1940
Zoning
C3
Price / SF
$267
Price / acre
$18,125,000
Days on market
238
Road frontage
18 ft
Taxes
$3,074
Tax year
2025
Opportunity zone
Yes

Utilities & systems

As reported on the listing. Confirm service and capacity on site.

Available

  • Cable
  • Electricity
  • Phone
  • Sewer
  • Water

Sewer

  • Public Sewer

Heating

  • Electric

Cooling

  • Central Air

Market intelligence

MLS market activity. Not an appraisal. Individual comps are not listed.

Likely selling price$640,000Range $605,000–$725,000 · Last ask adjusted by how comparable properties have typically closed after similar time on market. -11.7% vs current ask.
Current ask$725,000137d at this price · 238 DOM · cut from $760,000
Market valueUnavailableNot enough highly similar local closed sales to quote a defensible market-value range.
Market signalNegativeLong DOM and/or a price cut indicate the current ask is facing market resistance.

Commercial Analysis

Key metrics and property characteristics

List Price$725,000
Building Size2,720 SF
Price / SF$267
Lot Size0.04 Acres
Price / Acre$18,125,000
ZoningC3
Property SubtypeRetail
Year Built1940

Inquire about this listing

4 Northside Square

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Disclaimer

Important Investment Information

Financial and property metrics are taken from the MLS listing when available. Cap rates or other calculated figures may be estimated. All figures are for screening only — verify with current financials and physical inspection.

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.