The Regency Inn is a value-add hospitality-and-residential block on a single 1.54-acre parcel fronting Georgia Highway 123 in Toccoa. The offering includes a 38-key motel (34 rooms + 4 suites), two single-family houses (3 BR/2 BA each), four apartments (one 2 BR/2 BA and three 1 BR/1 BA), a 2 BR/1 BA duplex, and four garages — all extensively renovated in 2022 with new metal roofing, windows, doors, and gutters.
The property is offered vacant as a repositioning. A new owner can re-establish income under a longer-term, professionally managed operating model, or pursue a residential redevelopment of the site. The City of Toccoa has expressed support for residential uses here under new ownership — including higher-end apartments, veterans housing, and senior living.
On stabilized, comp-based assumptions the property pro formas to approximately $134,000 of net operating income — about a 9.6% pro forma cap rate at the $1,400,000 asking price. In-place income is $0 (offered vacant); the 2022 renovations allow the asset to carry itself through entitlement and lease-up rather than sit idle. The hotel may be acquired on its own for $800,000.
The block sits minutes from downtown Toccoa, the Amtrak station, the Currahee Military Museum, and Toccoa Falls, with quick access to Hwy 17. Adjacent income-producing parcels at separate addresses are retained by ownership and are not part of this offering.