Toccoa Value-Add Hotel + Apartments | Redevelopment
Toccoa Hotel + Residential + ASpartments — Value-Add / Redevelopment
Marketing description
Own a renovated, income-capable block on a full 1.54-acre parcel fronting Hwy 123 in Toccoa — and step into a rare double play: near-term income today, city-supported residential redevelopment tomorrow.
The offering bundles a 38-key motel (34 rooms + 4 suites) with seven residential units — two 3/2 houses, four apartments (one 2/2 and three 1/1), and a 2/1 duplex — plus four garages, all renovated in 2022 with new metal roofing, windows, doors, and gutters. It's delivered vacant, so a buyer sets the operating model from day one: reposition to longer-term, professionally managed tenancy and stabilize toward a ~9.6% pro forma cap, or redevelop the site for a residential use the City of Toccoa has signaled it would welcome under new ownership — higher-end apartments, veterans housing, or senior living.
Either way, the 2022 renovations let the asset carry itself through planning and lease-up. Minutes from downtown Toccoa, the Amtrak station, the Currahee Military Museum, and To
Investment highlights
- 1.54 acres on Hwy 123** — hotel + residential on a single parcel (~$909K/acre)
- 38 keys + 7 residential units + 4 garages** — diversified, all on one address
- Renovated 2022** — new metal roof, windows, doors, gutters
- .6% stabilized pro forma cap** at $1,400,000; delivered vacant for value-add
- City-supported use flexibility** under new ownership — higher-end apartments, veterans, or senior housing
- Income while you entitled — renovated buildings carry the asset through planning
- Hotel-only option** at $800,000
- Location** — minutes from downtown Toccoa, Amtrak, Currahee Military Museum & Toccoa Falls
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