500 East Main Street

Closed 6/28/13
Closed 6/28/13
Gallery Image 1
Sold
Last Sold Price
$1,920,000
25,500 sqft

500 E Main St, Blue Ridge, GA 30513

Mixed UseProperty Type
0.37 acresLot Size
2008Year Built
$75/sq ftPrice per sq ft
18 carsParking Spaces

Description

This parcel is in the heart of Old Town Blue Ridge, a prospering tourist, vacation, and permanent resident town in N Ga. The building features 3 floors, the 1st & 2nd being retail commercial, and the 3rd being luxury office and residential condos. The parcel has frontage on both E Main and E 1st Streets, and new construction is being done across the street from this buidling. Local management of the property makes this parcel a truely passivie investment, with good returns.This parcel is in the heart of Old Town Blue Ridge, a prospering tourist, vacation, and permanent resident town in N Ga. The building features 3 floors, the 1st & 2nd being retail commercial, and the 3rd being luxury office and residential condos. The parcel has frontage on both E Main and E 1st Streets, and new construction is being done across the street from this buidling. Local management of the property makes this parcel a truely passivie investment, with good returns.
  • Listed by: David Stovall • NORTON AGENCY
  • Listed by: Kim Waters
Listing closed: 06/28/2013 12:00 AM • Source: FMLS, MLS#: 5073976
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Location

Listing Courtesy of NORTON AGENCY, David Stovall

Sold By NORTON AGENCY, Stephen Lovett

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$11,024 per month

30 year fixed, 7.03% Interest

Principal and Interest

$10,250

Property Taxes

$774

HOA Dues

$0

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Property Information for 500 East Main Street

Property Details

  • Taxes: $9,288 / year
  • MLS Type: Commercial Sale / Mixed Use
  • County: Fannin County
  • Property Attached: No

Building Information

  • Stories: 3
  • Year Built: 2008
  • Lot Size: 0.37 AC / 16,117 SF

Summary

Location and General Information
  • Directions: From McDonalds at US 5/15 in Blue Ridge, Proceed W on Mountain Street. At ~0.2 mi., turn left to stay on Mountain Street. At ~0.2 mi., R onto E Main Street. Property is brick three story on L with metal gable porch.
  • Lake Name: None
  • Recommended Zoning: Commercial
  • View: Other
  • Coordinates: -84.322495, 34.868016
Taxes and HOA Information
  • Parcel Number: 500EMainST
  • Tax Year: 2011
  • Block: 0
  • Tax Lot: 11-13
Parking
  • Carport or Garage: 0

Agent

Payment and Rate
  • Concessions Amt: $.00

Interior and Exterior Features

Interior Features
  • Cooling: Central Air
  • Heating: Central
  • Basement: Daylight, Exterior Entry, Finished
  • Flooring: Concrete, Hardwood, Other
  • Interior Features: Other
  • Levels/Stories: Three Or More
  • Other Equipment: Passenger Elevator, Fixtures
  • Window Features: Insulated Windows
Exterior Features
  • Accessibility Features: Accessible Elevator Installed, Accessible Full Bath, Accessible Hallway(s)
  • Construction Materials: Brick 4 Sides
  • Dock: None
  • Fencing: None
  • Loading Desc: None
  • Patio And Porch Features: None
  • Road Surface Type: Paved
  • Roof Type: Flat, Metal
  • Security Features: Fire Alarm, Fire Sprinkler System, Security System Owned
  • Other Structures: None

Property

Utilities
  • Utilities: Cable Available,Electricity Available,Phone Available,Sewer Available,Water Available
Property and Assessments
  • Assumable: No
  • Business Type: Food & Beverage, Residential, Retail
  • Proposed Financing: Cash, Owner May Carry, Other
  • Plat Book: 2
  • Plat Page: 161
  • Property Condition: Resale
Green Features
  • Green Energy Efficient: Windows
Lot Information
  • Section/GMD: 2
  • Square Footage: 25500.0
  • Land lot: 278
  • Lot Features: Curbs & Gutters, Level, Shopping Center, Sidewalk, Street Lights, Other
  • # Of Buildings: 1.0
  • Lot Size Dimensions: 147 x 117
  • Waterfront Footage: 0.0
  • Current Zoning: C
  • Road Front Feet: 147.0

Multi Family

Multi-Family Information
  • Unit Count: 0
Income & Expenses Information
  • Gross Annual Income: $263,442.00
  • N.O.I. $: $188,594.00
  • Annual Utilities $: $21,000.00
  • Gross Expenses: $74,848.00

Rental

Rent Information
  • Terms: Conventional

Property History for 500 East Main Street

DateEvent & SourcePriceAppreciation
Jun 28, 2013

Sold (Public Record)

Public Record #1255850842

$1,920,000—
Jun 28, 2013

Sold (Public Record)

Public Record #1255850841

$1,920,000

+7.2% / yr

Apr 25, 2007

Sold (Public Record)

Public Record #1255840508

$1,250,000—
DateEvent & SourcePrice
06/28/2013

Sold (Public Record)

Public Record #1255850842

$1,920,000
06/28/2013

Sold (Public Record)

Public Record #1255850841

$1,920,000

+7.2% / yr

04/25/2007

Sold (Public Record)

Public Record #1255840508

$1,250,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

500 East Main Street

Total Finished SqFt

31,885 SqFt

Above Grade Finished SqFt

31,885 SqFt

Stories

3

Lot Size

16,117 SqFt

Style

Restaurant

Year Built

2008

Schools near 500 East Main Street

This home is within Fannin County School District.
Rating
School
Type
Grades
Distance
Blue Ridge Elementary School
Public - PK to 5
Fannin County Middle School
Public - 6 to 8
Fannin County High School
Public - 9 to 12
East Fannin Elementary School
Public - PK to 5
Rating
School
Distance
Blue Ridge Elementary School
PublicPK to 5

Fannin County Middle School
Public6 to 8

Fannin County High School
Public9 to 12

East Fannin Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of NORTON AGENCY, David Stovall

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