Industrial Warehouse Shell
For Sale
$1,200,000
161 Fritz Mar Lane, Athens, GA 30603
Commercial Sale, Athens, GA
Property Size7,200 SF
Lot Size3.19 Acres
Price / SF$166.67
Days on Market909
Property Features for 161 Fritz Mar Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
11
Parking features
Parking Lot
Window features
Display Window(s)
Accessibility
Accessible Approach with Ramp
Lot features
Industrial Park
Directions
Take Branch St and Herring St to S Peter St 1 min (0.4 mi) Take E Broad St to Willow St 2 min (0.5 mi) Continue on Willow St to Barber St 4 min (1.5 mi) Continue on Barber St to Fritz Mar Ln 3 min (1.5 mi) Continue on Fritz Mar Ln to your destination 2 min (0.3 mi)
Standard status
Active
APN
112 020
Size
7,200 SF
Lot size
3.19 Acres
Taxes and HOA fees
Tax Year
23
Tax Annual Amount
878
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2025
Flooring type
Concrete
Building materials
Aluminum Siding, Brick
Roof type
Metal
Listing Agency:
Keller Williams Greater Athens · Keller Williams Realty
(706) 316-2900
Listed By:
Brittany D Purcell · License #324606
(706) 389-0771
Added: Apr 10, 2024
Changed: Aug 19
Last Checked: Oct 5 at 2:06PM
MLS# 10498477
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction industrial warehouse comprises 7,200 square feet and is configured as two units. The shell is planned with metal construction, a brick front, two front entrances, and two grade-level roll-up doors. Insulation, a concrete floor, a 4-inch sewer stub, a 3/4-inch water line, and electrical service with meter base are included. Interior plumbing, electrical work, and HVAC are excluded from the shell delivery.
The property occupies 3.19 acres within the ACC TAD district and carries I zoning. Public water and sewer serve the site, while seller-developed roads, sidewalks, and landscaping are part of the project improvements. A parking lot and an accessible approach with ramp are also provided. The property is located in Athens, Georgia, and is identified as Building 100 in the site plan.
The property occupies 3.19 acres within the ACC TAD district and carries I zoning. Public water and sewer serve the site, while seller-developed roads, sidewalks, and landscaping are part of the project improvements. A parking lot and an accessible approach with ramp are also provided. The property is located in Athens, Georgia, and is identified as Building 100 in the site plan.
Key Highlights
- 7,200‑square‑foot industrial building divided into two units
- 3.19‑acre site in the ACC TAD district
- I zoning with public water and public sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,854
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,080
$1.1M
Cap Rate 7%
$755,057
$755.1K
Cap Rate 9%
$587,267
$587.3K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$68.3K $9.48/SF
− Vacancy
−$6.1K −$0.84/SF
EGI
$62.2K $8.64/SF
− OpEx
−$9.3K −$1.30/SF
NOI
$52.9K $7.34/SF
Area
Athens, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,080
Cap Rate 7%
$755,057
Cap Rate 9%
$587,267
Alternative Uses
Best Use
Warehouse
$755.1K
$660.7K – $880.9K
NOI $52,854 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$626.6K
$548.3K – $731.0K
NOI $43,861 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.74M
$1.52M – $2.02M
NOI $121,499 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction warehouse shell with grade-level access, public utilities, and a concrete floor.
Where is this warehouse located?
The property is located at 161 Fritz Mar Lane Athens, GA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,200‑square‑foot industrial building divided into two units; 3.19‑acre site in the ACC TAD district; I zoning with public water and public sewer
