Office Building with Detached
For Sale
$850,000
2260 Mars Hill Road, Watkinsville, GA 30677
Commercial Sale, Watkinsville, GA
Property Size2,804 SF
Lot Size4.42 Acres
Price / SF$303.14
Days on Market30
Property Features for 2260 Mars Hill Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
001
Exterior features
Fence
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater, Range, Refrigerator
Directions
In Watkinsville, take Mars Hill Road to 2260 Mars Hill Rd turn right into property. From town or out of town, take 316 to Oconee Connector, turn South onto Mars Hill Rd. Go to second light and make a u-turn. 2260 will then be on your right in approximately 1/10 mile.
Standard status
Active
APN
B04-A0-03
Size
2,804 SF
Lot size
4.42 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
1219/37(RW) 755/144 23/277
Tax Annual Amount
4079
Legal Description
1219/37(RW) 755/144 23/277
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Electric, Central Air
Water source
Public, Well, Private
Building Details
Year built
1965
Floors in Building
2
Building materials
Brick
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Greater Athens Properties
(706) 510-5189
Listed By:
Allen Seigler · License #404458
(706) 247-3873
Added: Sep 8
Changed: Oct 6
Last Checked: Oct 7 at 11:06PM
MLS# CL363741
Copyright © 2026 Hive MLS. 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.
Configured for office use, the 1965 building has four private offices, a conference room, a waiting area, a kitchen, and a garage on the main level. The finished basement has its own exterior entry and can serve as office, meeting, or storage space. A detached shop of approximately 1,300 square feet adds a separate work area. Recent exterior work includes a roof, gutters, fascia, brick sealing, and paint.
The property fronts Mars Hill Road, with approximately 700 feet of frontage and an estimated 24,000 vehicles passing daily. Highway 316 is nearby, as are medical offices, retailers, restaurants, hotels, and shopping centers. There is one established driveway entrance and a second entrance prepared for future use. The rear property line borders Barber Creek.
The property fronts Mars Hill Road, with approximately 700 feet of frontage and an estimated 24,000 vehicles passing daily. Highway 316 is nearby, as are medical offices, retailers, restaurants, hotels, and shopping centers. There is one established driveway entrance and a second entrance prepared for future use. The rear property line borders Barber Creek.
Key Highlights
- Detached shop of approximately 1,300 square feet
- Approximately 700 feet of frontage on Mars Hill Road
- Estimated daily traffic of 24,000 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,294
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,880
$725.9K
Cap Rate 7%
$518,486
$518.5K
Cap Rate 9%
$403,267
$403.3K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$60.6K $21.60/SF
− Vacancy
−$12.2K −$4.34/SF
EGI
$48.4K $17.26/SF
− OpEx
−$12.1K −$4.31/SF
NOI
$36.3K $12.94/SF
Area
Oconee County, GA
Vacancy
20.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,880
Cap Rate 7%
$518,486
Cap Rate 9%
$403,267
Alternative Uses
Best Use
Office B
$518.5K
$453.7K – $604.9K
NOI $36,294 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.0K
$591.5K – $788.6K
NOI $47,317 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 30677, GA
20,579
Population
7,797
Households
2.6
Avg Household Size
41
Median Age
55%
College-Educated
97%
High-School Grad
122.2 sq mi
ZIP Area
168
Density / Sq Mi
$103,165
Median Household Income
$49,399
Median Earnings
$1,403
Median Rent
$394,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A vacant office property includes private offices, meeting space, a finished basement, and a separate shop.
Where is this office building located?
The property is located at 2260 Mars Hill Road Watkinsville, GA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Detached shop of approximately 1,300 square feet; Approximately 700 feet of frontage on Mars Hill Road; Estimated daily traffic of 24,000 vehicles
