731 Progress Rd Ellijay, GA 30540
Estimated payment $3,351/month
Highlights
- Gated Community
- Fenced
- Level Lot
- No HOA
About This Lot
Prime Income-Producing Commercial Property – 3 Buildings, 4 Tenants, High-Traffic Gilmer County Location! Exceptional investment opportunity in the center of Gilmer County's bustling commercial corridor, this fully occupied 1.35-acre property features three buildings totaling 9,624 sq ft, including two attached structures and four established tenants delivering immediate, dependable revenue. Building 1 (Brown Building) offers 4,800 sq ft of storage/warehouse space built in 1995 (effective 2001), featuring 16' wall height, a 3,600 sq ft main area, a 1,200 sq ft enclosed canopy, and an additional 800 sq ft utility room. Building 2 (Blue Building) is an 880 sq ft service garage built in 2005 (effective 2009) with 14' wall height and two canopies (912 sq ft and 160 sq ft). Building 3 (Red and Green Buildings), attached to Building 2, provides 3,140 sq ft built in 2004 (effective 2009) with 14' wall height and three canopies (75 sq ft, 120 sq ft, and 120 sq ft). The property is ideally situated near Walmart, Lowe's, major restaurants, and medical facilities, and sits directly across from a planned new commercial development, further enhancing its long-term value in this rapidly growing North Georgia area. Designed for ease of ownership, the buildings are well maintained and require minimal upkeep, making this a low-management asset with consistent returns. Tenants pay their own utilities, keeping operating expenses low, with estimated water costs of $80–$85/month, and insurance and property taxes approximately $2,500/year each. The site is equipped with power, water, septic, and internet, is zoned C1, and offers additional upside through rental increases, paid parking potential, expansion opportunities, and future development possibilities—including nearby proposed apartments and a Publix across the road.
Listing Agent
REMAX Town & Country - Ellijay Brokerage Email: 7065157653, mollym@remax.net License #407651 Listed on: 04/24/2026
Property Details
Property Type
- Land
Lot Details
- 1.35 Acre Lot
- Property fronts a county road
- Fenced
- Level Lot
- Property is zoned C1
Utilities
- Septic Tank
- Internet Available
Community Details
- No Home Owners Association
- Gated Community
Listing and Financial Details
- Assessor Parcel Number 3067 015F
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,299 | $148,776 | $24,280 | $124,496 |
| 2024 | $1,953 | $126,028 | $29,680 | $96,348 |
| 2023 | $2,016 | $126,028 | $29,680 | $96,348 |
| 2022 | $1,610 | $91,468 | $20,240 | $71,228 |
| 2021 | $1,800 | $90,708 | $20,240 | $70,468 |
| 2020 | $1,875 | $85,240 | $20,240 | $65,000 |
| 2019 | $1,995 | $88,080 | $20,240 | $67,840 |
| 2018 | $2,021 | $88,080 | $20,240 | $67,840 |
| 2017 | $2,166 | $88,044 | $20,240 | $67,804 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/24/2026 04/24/26 | For Sale | $600,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | -- | |
| Warranty Deed | -- | -- | |
| Deed | $390,000 | -- | |
| Deed | $135,000 | -- | |
| Deed | $85,000 | -- | |
| Deed | -- | -- | |
| Deed | $43,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $318,750 | New Conventional |
Source: Northeast Georgia Board of REALTORS®
MLS Number: 429964
APN: 3067-015F
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Ask me questions while you tour the home.