Office Property with Detached
For Sale
$875,000
2260 Mars Hill Road, Watkinsville, GA 30677
An OIP-zoned office property combines dedicated work areas with a separate shop and additional finished basement space.
Property Size2,800 SF
Lot Size4.00 Acres
Price / SF$312.50
Days on Market587
Property Features for 2260 Mars Hill Road
General Information
Standard status
Active
Size
2,800 SF
Lot size
4.00 Acres
Property subtype
Office
Zoning
OIP
Site & Location
Road Frontage
700 ft
Traffic Count
24,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, office
Taxes and HOA fees
Annual Taxes
$4,079
Amenities
Central Air, Electric, Heat Pump
3
001
No Common Walls. Asphalt.
Building Details
Year Built
1965
Buildings
2
Owner Occupied
No
Listing Agency:
(706) 510-5189
Listed By:
Greater Athens Properties
(706) 215-6848
Source:
Xome
Added: Feb 27, 2025
Changed: Oct 7
Last Checked: Apr 24 at 8:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greater Athens Properties
Investment Insights
Based on property information with market context.
Configured for office use, the main building contains four private offices, a conference room, waiting area, kitchen, and a garage on the main level. Its finished basement has a separate exterior entrance and can serve as office, meeting, or storage space. A detached shop adds a separate work area. Recent exterior work includes a replacement roof, gutters, fascia, brick sealing, and painting.
The property encompasses approximately 4 acres, with about 700 feet of frontage on Mars Hill Road and an estimated 24,000 vehicles passing daily. It is zoned OIP and is convenient to Highway 316. Nearby commercial destinations include medical offices, Home Depot, Lowe’s, restaurants, hotels, QuikTrip, Costco, Sam’s Club, and shopping centers. One entrance is established, with a second prepared for future use. Barber Creek borders the rear of the property.
The property encompasses approximately 4 acres, with about 700 feet of frontage on Mars Hill Road and an estimated 24,000 vehicles passing daily. It is zoned OIP and is convenient to Highway 316. Nearby commercial destinations include medical offices, Home Depot, Lowe’s, restaurants, hotels, QuikTrip, Costco, Sam’s Club, and shopping centers. One entrance is established, with a second prepared for future use. Barber Creek borders the rear of the property.
Key Highlights
- Approximately 4 acres with about 700 feet of frontage on Mars Hill Road
- Estimated daily traffic of 24,000 vehicles on Mars Hill Road
- OIP zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,243
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,860
$724.9K
Cap Rate 7%
$517,757
$517.8K
Cap Rate 9%
$402,700
$402.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$60.5K $21.60/SF
− Vacancy
−$12.2K −$4.34/SF
EGI
$48.3K $17.26/SF
− OpEx
−$12.1K −$4.31/SF
NOI
$36.2K $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%
$724,860
Cap Rate 7%
$517,757
Cap Rate 9%
$402,700
Alternative Uses
Best Use
Office B
$517.8K
$453.0K – $604.1K
NOI $36,243 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$675.0K
$590.6K – $787.5K
NOI $47,250 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24,000 VPD
Traffic count
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - An OIP-zoned office property combines dedicated work areas with a separate shop and additional finished basement space.
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 $875,000.
What are key features of this property?
This property features: Approximately 4 acres with about 700 feet of frontage on Mars Hill Road; Estimated daily traffic of 24,000 vehicles on Mars Hill Road; OIP zoning
