15 Westcross St
East Ellijay, GA 30540
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Turn-key restaurant space, sale price includes all furniture, fixtures and equipment (FF&E).
EXECUTIVE SUMMARY
For Sale/Lease: Prime Commercial Property in East Ellijay, GA
Address: 15 W Cross St, East Ellijay, GA 30540
Overview: An exceptional opportunity to acquire a versatile commercial property in the heart of East Ellijay. This free-standing building offers a spacious layout, ample parking, and a strategic location, making it ideal for various business ventures.
Property Details:
Building Size: 5,200 sq ft
Lot Size: 1.04 acres
Seating: Up to 220 people
Parking: 50 well-lit spaces
Zoning: C3 Commercial
Location: Corner lot with road frontage, minutes from downtown Ellijay, and approximately 15 miles to Blue Ridge, Cherry Log, & Mineral Bluff
Liquor license: In place
Features:
Interior: Well-designed and maintained, featuring a full bar, porch, deck, and private dining room
Kitchen: Fully equipped with a Blodgett two-deck pizza oven, pizza dough spreader, and comprehensive kitchen setup
Technology: POS system with available reports
Business History: 20 years of goodwill with a loyal customer base
Sale Includes: All furniture, fixtures, and equipment sold as-is.
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State Route 515 (SR 515), also known as the Zell Miller Mountain Parkway, is a vital four-lane highway in northern Georgia. It serves as a primary connector between Atlanta and the mountain towns of Ellijay and Blue Ridge, extending towards the North Carolina border near Murphy, home to the Harrah’s Cherokee Valley River Casino.
This strategic corridor presents significant opportunities for various developments, including retail centers, hospitality establishments, medical facilities, educational institutions, shopping complexes, and tourist destinations. Its high traffic volume and scenic route make it an ideal location for businesses aiming to capitalize on both local and tourist markets.
Opportunities for: Subway, Pizza Hut, Panera Bread, Zaxby’s, Papa Johns, Buffalo Wild Wings, IHOP, Jersey Mikes, Five Guys, Carl’s Jr, Fire house subs, Marco’s Pizza, El Pollo Loco, Crunch Fitness, Club Pilates, Jason’s Deli, Honey Baked Ham, Einstein Bagels and more. The Pro-Forma Cap Rate is around 7% based on market rates. This is owner operated, so you will need to find a tenant to get the cap rate desired.
Address: 15 W Cross St, East Ellijay, GA 30540
Overview: An exceptional opportunity to acquire a versatile commercial property in the heart of East Ellijay. This free-standing building offers a spacious layout, ample parking, and a strategic location, making it ideal for various business ventures.
Property Details:
Building Size: 5,200 sq ft
Lot Size: 1.04 acres
Seating: Up to 220 people
Parking: 50 well-lit spaces
Zoning: C3 Commercial
Location: Corner lot with road frontage, minutes from downtown Ellijay, and approximately 15 miles to Blue Ridge, Cherry Log, & Mineral Bluff
Liquor license: In place
Features:
Interior: Well-designed and maintained, featuring a full bar, porch, deck, and private dining room
Kitchen: Fully equipped with a Blodgett two-deck pizza oven, pizza dough spreader, and comprehensive kitchen setup
Technology: POS system with available reports
Business History: 20 years of goodwill with a loyal customer base
Sale Includes: All furniture, fixtures, and equipment sold as-is.
-------------------------------------------------------------------------------------------------------------------
State Route 515 (SR 515), also known as the Zell Miller Mountain Parkway, is a vital four-lane highway in northern Georgia. It serves as a primary connector between Atlanta and the mountain towns of Ellijay and Blue Ridge, extending towards the North Carolina border near Murphy, home to the Harrah’s Cherokee Valley River Casino.
This strategic corridor presents significant opportunities for various developments, including retail centers, hospitality establishments, medical facilities, educational institutions, shopping complexes, and tourist destinations. Its high traffic volume and scenic route make it an ideal location for businesses aiming to capitalize on both local and tourist markets.
Opportunities for: Subway, Pizza Hut, Panera Bread, Zaxby’s, Papa Johns, Buffalo Wild Wings, IHOP, Jersey Mikes, Five Guys, Carl’s Jr, Fire house subs, Marco’s Pizza, El Pollo Loco, Crunch Fitness, Club Pilates, Jason’s Deli, Honey Baked Ham, Einstein Bagels and more. The Pro-Forma Cap Rate is around 7% based on market rates. This is owner operated, so you will need to find a tenant to get the cap rate desired.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,250 SF
Building Class
B
Year Built
2011
Price
$2,299,000
Price Per SF
$437.90
Cap Rate
7%
NOI
$160,930
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.04 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
30 Spaces (5.71 Spaces per 1,000 SF Leased)
Frontage
100’ on Hwy 515
AMENITIES
- Corner Lot
- Fireplace
- Restaurant
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 20205-059 | Improvements Assessment | $285,484 |
| Land Assessment | $73,440 | Total Assessment | $358,924 |
