Lot 20 Mt. Springer Road

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Lot 20 Mt. Springer Road

Ellijay, GA 30540
Asking Price
$230K
Asset Type
Land
Class
Class B

What's Special

Lot 20 Mt. Springer Road is situated in the scenic landscape of Ellijay, Gilmer County, Georgia. The property is positioned within a serene rural environment characterized by rolling hills and dense woodlands, typical of the North Georgia mountain region. Access to the site is provided via established local roads, connecting the property to Highway 515, a primary regional transportation artery. This corridor provides proximity to downtown Ellijay’s retail centers, medical facilities, and dining amenities, while maintaining a secluded neighborhood character. The land is suitable for varied development, ranging from a private mountain estate to recreational use. Ideal use cases include residential development or a long-term land investment, given the area’s popularity for seasonal tourism and outdoor activities. A typical tenant or owner profile would include developers specializing in custom mountain cabins or individuals seeking a quiet, natural environment for a primary or secondary residence. The topography and zoning support low-density utilization in line with the surrounding rural residential landscape.

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NOI
$80,000
Cap Rate
34.78%
DSCR
5.86
Strong
Cash-on-Cash
96.15%
Monthly Payment
$1,137.89
Annual Cash Flow
$66,345.323

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