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    1938 Lexington Rd Athens, GA 30605

    For Sale
    $2,200,000

    Prime commercial land near downtown Athens and the University of Georgia.

    Lot size:
    7.78 Acres

    Property Features for 1938 Lexington Rd

    General Information

    Lot size
    7.78 Acres

    Source: NAI Elrod Group Agent Brian Elrod

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    7.78 Acre Commercial Development Opportunity

    This 7.78-acre commercial parcel presents a development opportunity with 750 feet of frontage on Lexington Road and 370 feet of frontage on Indiana Avenue, offering visibility and accessibility. The property is zoned Commercial General, allowing for a range of commercial uses, and all utilities are available. The site features relatively level terrain and a traffic count of 28,900 cars. Located two miles from downtown Athens and the University of Georgia, it is also less than half a mile from Highway 78 and Loop 10 interchange. The area is experiencing growth, with new multi-family developments including The Haven of Athens and the Atlas Athens development. The new Loop Interchange at Lexington Road is scheduled for completion in 2025. Currently, the property includes an existing 6,600 square foot commercial building, two small residential houses, and an ice machine, generating approximately $5,175 in monthly rent.
    Location Intelligence

    Current Use by Public Records

    SWEET TEE DESIGN Custom T-Shirt Store Bulldog Scooters Motor Scooter Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.344898
    Latitude
    33.9443699

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land near downtown Athens and the University of Georgia.
    Where is this commercial land located?
    The property is located at 1938 Lexington Rd Athens, GA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - 7.78-acre commercial parcel with **750' frontage on Lexington Rd and 370' on Indiana Ave** offering high visibility and accessibility.; - Located just two miles from downtown Athens and the University of Georgia.; - Zoned Commercial General (C-G) with all utilities available.
    (706) 553-1000
    Request Owner's contact information
    1938 Lexington Rd Athens, GA 30605
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    Athens, GA 30605
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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
    1938 Lexington Rd Athens, GA 30605
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