240 Old Highway 5 S, Ellijay, GA, 30540

About This Home

*This property sells at auction and price shown is just the county tax value and has no bearing on sale price. 21 Mini-storage units, Rental Home, and Mobile Home | Ellijay, Gilmer County, GA Absolute Auction Thursday, July 16, 2026 at 2:01 pm - Auction Site: The Exchange at 232 - 232 Glenn Milner Blvd, Rome, GA Ellijay, Gilmer County, GA Income-Producing Property Property located at 240 S Old Hwy 5 Brick Rental Home - Mobile Home - 21 Mini-Storage Units - 1± Acre High-Traffic Lot Dempsey Auction is proud to present this outstanding income-producing property located at 240 S Old Hwy 5 in Ellijay, Georgia. Situated on a 1±-acre high-traffic lot convenient to downtown Ellijay, this property offers multiple income streams and excellent visibility in one of North Georgia's most desirable mountain communities. The property is improved with a brick rental home, a mobile home, and 21 mini-storage units, providing a rare combination of residential rental income and storage-unit revenue on one convenient site. With its location along South Old Hwy 5, the property benefits from strong accessibility and exposure, making it well-suited for continued investment use or future redevelopment potential. Located just minutes from downtown Ellijay, shopping, restaurants, schools, and area amenities, this property is positioned in a growing market known for tourism, outdoor recreation, and steady residential demand. Ellijay's popularity as a mountain getaway and full-time living destination further enhances the long-term appeal of this investment opportunity. Whether you are looking to expand your rental portfolio, acquire a mixed-income property, or secure a high-visibility commercial/residential site in Gilmer County, this offering presents an excellent opportunity with established improvements already in place. THIS PROPERTY IS SELLING AT ABSOLUTE AUCTION, REGARDLESS OF PRICE TO THE HIGHEST BIDDER! SALE SITE: Property to be SOLD in conjunction with other parcels at The Exchange, located at 232 Glenn Milner Blvd in Rome, GA. TERMS AND CONDITIONS: A 10% Buyer's Premium will be added to the final bid to determine the contract price. A 10% down payment is required on the day of sale, with the balance due at closing. All sales must be closed within 30 days of the auction date. LIVE/ONLINE BIDDING: This auction will be conducted in a Live/Simulcast format, giving bidders the flexibility to participate in person at The Exchange or online, whichever is most convenient. CLOSING: ALL SALES TO CLOSE ON OR BEFORE 30 DAYS FROM SALE DATE-NO EXCEPTIONS. BROKER PARTICIPATION: Licensed brokers and agents are welcome. Dempsey Auction Co. will pay a referral commission to any broker representing a client who successfully closes on the property. Please contact our office for registration guidelines and full details. For plats, brochures, or further sales information on this auction, call our office.