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    New Industrial Project in Athens

    161 Fritz Mar Lane Athens, GA 30603

    161 Fritz Mar Lane, Athens, GA, 30603
    $1,200,000
    For Sale
    Claim this Listing
    $1,200,000

    COMMERCIAL - Athens, GA

    Property Size7,200 SF
    Lot Size3.19 Acres
    Price / SF$166.67
    AddedApr 10, 2024
    Days on Market827
    Last RefreshJul 15 at 11:06 pm

    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
    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 agent Brittany D Purcell License #324606

    Listing office Keller Williams Greater Athens 1361 Jennings Mill Rd, Ste 101, Watkinsville, GA

    Listing date Apr 10, 2024

    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.

    Located in Athens Clarke County, 161 Fritz Mar Lane is a new industrial project zoned "I" in the ACC TAD district. The development includes five 4000 sq ft buildings and one 7200 sq ft building divided into two units. This listing is for a turn-key shell building, specifically building 100 in the site plan, offering 7200 sq ft of space. The shell building features metal construction with a brick front, two front entry doors, and two grade-level drive-in rollup doors. The building will be insulated and include a 4" sewer stub, a 3/4" water line, electrical service, and a meter base. Sidewalks and roads have been developed, and landscaping will be installed. Interior plumbing, electrical, and HVAC are not included. Buildings 200, 300, and 600 are currently under construction. The property is under construction and can be delivered by year-end. The developer is offering pads and shell buildings for sale, with build-to-suit and lease options available.

    Key Highlights

    • New industrial project in Athens Clarke County, zoned "I" and in the ACC TAD district.
    • Turn‑key 7200 sq ft shell building (Building 100) available for delivery by year‑end.
    • Shell building includes metal construction with brick front, 2 front entry doors, and 2 grade‑level drive‑in rollup doors.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $68.3k $9.48
    − Vacancy −$6.1k −$0.84
    EGI $62.2k $8.64
    − OpEx −$9.3k −$1.30
    NOI $52.9k $7.34
    7,200 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $755.1K
    $660.7K – $880.9K (±1% cap)
    NOI $52,854 @ 7.0% cap · market cap 4.40%
    Second Best
    Industrial
    $626.6K
    $548.3K – $731.0K (±1% cap)
    NOI $43,861 @ 7.0% cap · market cap 3.66%
    Theoretical Best
    Office A
    $1.74M
    $1.52M – $2.02M (±1% cap)
    NOI $121,499 @ 7.0% cap · market cap 10.12%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Auto Repair Shop Garden Center Dental Office Carpet & Flooring Store Restaurant Cafe & Coffee Shop Gym & Fitness Center Grocery & Convenience Store Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Flex space - 7200 sq ft shell building for sale in Athens.
    Where is this flex space 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: New industrial project in Athens Clarke County, zoned "I" and in the ACC TAD district.; **Turn‑key 7200 sq ft shell building (Building 100) available for delivery by year‑end.**; Shell building includes metal construction with brick front, 2 front entry doors, and 2 grade‑level drive‑in rollup doors.
    Contact an agent
    (706) 389-0771
    We can help!
    Contact an agent
    Brittany D Purcell
    Brittany D Purcell
    Real Estate License ID: 324606
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