944 Progress Road

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944 Progress Road

East Ellijay, GA 30540
Asking Price
$899K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • This commercial land parcel spans a total of 30 acres.
  • The property is situated at 944 Progress Road in East Ellijay.
  • Investors can acquire this asset for an asking price of $899,000.
  • The site is located within a growing North Georgia commercial corridor.
  • The acreage provides significant potential for diverse commercial development projects.

What's Special

East Ellijay serves as a growing commercial hub within the North Georgia mountains, attracting consistent traffic through its accessible position near major regional thoroughfares. This 30-acre tract of commercial land presents a functional canvas for developers and investors looking to establish a foothold in a market defined by its balance of tourism and residential growth. The expansive acreage provides substantial flexibility for various site configurations, whether the objective is a destination retail facility, a service-oriented business, or a broader commercial development project. Prospective buyers will find the scale of this parcel suitable for large-footprint ventures that require significant maneuverability and space for future expansion. The surrounding landscape supports diverse economic activity, reflecting the character of a community that benefits from steady local demand and regional accessibility. Strategically positioned for development, this property is ready for planning and implementation, offering clear advantages for those seeking to capitalize on land availability in an evolving suburban and rural growth corridor.

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NOI
$80,000
Cap Rate
8.90%
DSCR
1.50
Strong
Cash-on-Cash
9.87%
Monthly Payment
$4,447.761
Annual Cash Flow
$26,626.862

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