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    2948 Athens Hwy Gainesville, GA 30507

    Picture of Land at Athens Hwy 2948, Gainesville, GA
    For Sale
    $2,500,000

    COMMERCIAL - Gainesville, GA

    Property size:
    1 SF
    Lot size:
    42.19 Acres
    Days on Market:
    84
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 2948 Athens Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    15024 000040
    Size
    1 SF
    Lot size
    42.19 Acres

    Building Details

    Year built
    1939

    eXp Realty (770) 361-7068 [email protected]

    Listing agent Basil N Malouf (888) 959-9461

    Listing date Sep 13, 2025

    Copyright © 2025 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.

    Overview

    42.19 Acres Development Opportunity

    This is an exceptional opportunity to acquire 42.19 acres of land for development in a prime location in Gainesville, GA. The property is strategically situated on the high-traffic US Highway 129 (State Hwy 11) and offers unmatched accessibility and convenience due to its proximity to Interstates I-985 and I-85. An active DOT project is underway to widen Highway 129 to four lanes, enhancing the potential for mixed-use or residential development. A forced main sewer will be installed on Baker Road, providing crucial infrastructure for large-scale projects. The property is ideal for builders and developers looking to capitalize on the area's growth and infrastructure improvements. Neighboring properties at 2932 and 2920 Athens Highway, totaling approximately 63 acres, are also available for sale under separate ownership. Together, these properties offer a combined 105+ acres, making this a rare chance to secure a significant tract of land in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Wholesale Shop Kitchen & Bath Storage Facility Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Hall
    State
    Georgia
    Longitude
    -83.761227
    Latitude
    34.238245

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    FAQs

    What type of property is this?
    Land - Prime land for development near major highways in Gainesville, GA.
    Where is this land located?
    The property is located at 2948 Athens Hwy Gainesville, GA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location: 42.19+/- acres on US Highway 129.; - High-traffic location near I-985 and I-85.; - Active DOT project to widen Highway 129 to four lanes.
    (888) 959-9461
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    Gainesville, GA 30507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2948 Athens Hwy Gainesville, GA 30507
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