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    2948 Athens Hwy Gainesville, GA 30507

    For Sale
    $2,500,000

    42 Acres, High-Traffic Highway 129

    Property size:
    1 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 42.19-acre commercial property presents a unique development opportunity in Gainesville, Georgia. Strategically located on heavily trafficked US Highway 129 (State Highway 11), near Interstates I-985 and I-85, it boasts unparalleled accessibility. The property benefits from an ongoing Georgia Department of Transportation project widening Highway 129 to four lanes, significantly increasing its value and appeal for various development projects. Further enhancing its potential, a new forced main sewer line is being installed on nearby Baker Road, providing essential infrastructure for large-scale developments, including mixed-use or residential projects. The property's high visibility and prime location make it ideal for developers seeking to capitalize on the area's rapid growth. This offering presents a rare chance to acquire a substantial land parcel in a thriving market. Note that neighboring properties totaling approximately 63 acres are also available for purchase separately, presenting the possibility of acquiring over 105 acres in a single transaction. Showings are by appointment only. This is a truly exceptional opportunity for discerning developers and investors.

    Property Features for 2948 Athens Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1 SF
    Lot Size
    1,837,796 SF

    Building Details

    Year Built
    1939
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -83.76123
    Latitude
    34.23824

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    FAQs

    What type of property is this?
    Commercial real estate - 42 Acres, High-Traffic Highway 129
    Where is this commercial real estate 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.
    (888) 959-9461
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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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