ENHOUZBusiness Marketplace
Hospitality

168 W West Main ST, Dahlonega Sold

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This property has been sold and is no longer accepting inquiries. It remains listed for reference.
Asking price
$1,750,000
Price / SF
$277.69
Cap rate
Sale type
Property type
Hospitality
Property subtype
HOTEL,OTHER
Building class
Building size
6,302 sq ft
Year built
1845
NOI
Tenancy
Building height
Building FAR
Lot size
0.46 acres
Zoning
B-3: Historical Business District - SFR overlay
Frontage
151 ft
Listing #
EN-2806
MLS #
10546242

Dahlonega Inn on Main - Repositioned Historic Bed & Breakfast with Flexible Use The Dahlonega Inn on Main, formerly the historic Worley Homestead, is a beautifully restored 1845 estate located in the heart of Dahlonega's National Historic District. Recently repositioned in price, this rare offering blends historic significance with income-producing potential and flexible use options. Originally built by Captain Jasper F. Worley as a private residence, the property now operates as a boutique bed & breakfast while retaining the ability to function as a private residence or live/work estate, creating multiple acquisition and operational paths for a buyer. The main residence features 7 bedrooms and 7 bathrooms and operates alongside the adjacent Chestnut Cottage. Architectural highlights include original heart pine flooring, preserved 1845 wood walls, and seven fully rebuilt fireplaces. Recent capital improvements (2024) include modernized electrical systems, fresh exterior and interior paint, new fascia and gutters, and a restored front porch with new wood flooring, preserving historic integrity while addressing modern expectations. Additional Income-Producing Units: Chestnut Cottage: 2-bedroom, 1-bath guest house Lower-Level Apartment: 1-bedroom, 1-bath with full kitchen and private exterior entrance All three units are turnkey and actively generating income, making the property well-suited for an owner-operator, lifestyle buyer, or well-capitalized investor. Prime Downtown Location: Situated just one block from the historic Holly Theater and two blocks from Dahlonega's vibrant town square, the property sits directly across from the University of North Georgia's iconic Price Memorial Hall and within walking distance to restaurants, shops, events, and university facilities. Zoning & Use Flexibility: B-3 Historical Business District: Supports hospitality, professional offices, galleries, and pedestrian-oriented retail Single-Family Residential Overlay: Recognizes the property as a single-family residence, allowing residential use within the historic business district Permitted / Potential Uses: Hospitality * Boutique Inn * Short-Term Rental * Live/Work * Residential * Event-Oriented Use (subject to approvals) What Makes the Dahlonega Inn on Main Unique: Originally built as a private residence and thoughtfully restored Prime walkable downtown location Proximity to University of North Georgia Located near filming sites for major productions, including an upcoming Netflix series Surrounded by vineyards, hiking trails, and the Blue Ridge Mountains With year-round tourism, strong regional demand, and continued event-driven visitation, the property offers both current income and long-term upside. Investment & Upside Opportunities: Increase occupancy with modest operational optimization Expand booking platform presence (Airbnb, OTAs) Improve SEO and digital marketing footprint Potential to enhance or repurpose daylight basement (subject to approvals) Monetize outdoor spaces for small-scale events or private gatherings Investment Summary: This offering represents a rare chance to acquire a legacy property that combines historic character, income production, and residential flexibility. The recent price repositioning reflects current market conditions and creates renewed opportunity for buyers pursuing a variety of acquisition strategies. Sellers welcome all reasonable offers and structures.

Location

GAMLS
Listed by BHHS Georgia Properties
© 2021 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. · MLS# 10546242

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