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Gilmer Shopping Center 200 Industrial Blvd

68,562 SF 100% Leased Retail Building Ellijay, GA 30540 $2,500,000 ($36/SF)

Investment Highlights

  • 2 Buildings
  • Rents WAY under market
  • 16 Units

Executive Summary

Value-Add Opportunity: Overlooking the Cartecay River 1.5 miles downstream of Downtown Ellijay, the Gilmer Shopping Center boasts an unmatched location as the gateway to Northeast Georgia's treasured destination. Situated atop a hill with excellent exposure, the 2 buildings hosting 16 individual suites fronts both Industrial Blvd and Old Hwy 5 for a rare level of incredible exposure and accessibility. Excellent possibility for redevelopment as well into self-storage, roller skating rink, gymnastics academy etc. The old Piggly Wiggly space is only vacancy.

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
68,562 SF
Building Class
C
Year Built
1972
Price
$2,500,000
Price Per SF
$36
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
3.50 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
306 Spaces (4.46 Spaces per 1,000 SF Leased)

Nearby Major Retailers

United Community Bank
Truist
Anytime Fitness
Food Lion
Starbucks
Waffle House
Regions Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1066-052A
  • 1066-052
Land Assessment
$76,640
Improvements Assessment
$791,324
Total Assessment
$867,964
  • Listing ID: 25930621

  • Date on Market: 5/6/2021

  • Last Updated:

  • Address: 200 Industrial Blvd, Ellijay, GA 30540

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