2932 Athens Hwy Gainesville, GA 30507
For Sale
1 / 2
This exceptional 63.18-acre development opportunity in Gainesville, Georgia boasts unparalleled accessibility and visibility. Situated on high-traffic US Highway 129 (State Hwy 11), the property offers approximately 460 feet of frontage on US Highway 129 and an additional 375 feet on paved Wallace Road. Its proximity to Interstates I-985 and I-85 ensures convenient access for future residents and businesses. The property benefits from an ongoing Georgia Department of Transportation project widening Highway 129 to four lanes, significantly increasing its development potential. Further enhancing its appeal, a forced main sewer line installation is planned for Baker Road, providing essential infrastructure for large-scale projects. This expansive parcel is ideal for mixed-use or residential development, offering builders and developers a rare chance to capitalize on the area's growth. The sale includes two parcels: 2932 Athens Highway and 2920 Athens Highway. Note that a neighboring 42.19-acre property at 2948 Athens Highway is also available for sale separately, presenting the possibility of acquiring over 105 acres in total. Showings are by appointment only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.