Turn-Key Industrial Shell
161 Fritz Mar Lane Athens, GA 30607
161 Fritz Mar Lane, Athens, GA, 30607
$710,000
For Sale
$710,000
COMMERCIAL - Athens, GA
Property Size4,000 SF
Lot Size3.19 Acres
Price / SF$177.50
Days on Market463
Property Features for 161 Fritz Mar Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- I
- Parking
- 11
- Standard status
- Active
- APN
- 112 020
- Size
- 4,000 SF
- Lot size
- 3.19 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 877
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Building materials
- Aluminum Siding, Brick
- Roof type
- Metal
Listing Agency
Keller Williams Greater Athens
(706) 316-2900
1361 Jennings Mill Rd,#101, Watkinsville, GA
Listed by
A.J. Purcell · License #394288
(706) 255-4161
Added: Apr 10, 2025 Checked: Jul 16 at 4:06 pm
MLS# CM1024931
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key shell building is part of a new industrial development and is offered as a 4,000-square-foot unit (Building 400 in the site plan). The structure is metal construction with a brick front, and it is insulated. The shell includes two front entry doors and two dock-high roll-up doors, along with site-provided utilities infrastructure inside the building such as a 4-inch sewer stub, a 3/4-inch water line, and an electrical service and meter base. Interior plumbing, electrical, and HVAC are not included, allowing the buyer to complete the buildout to suit their operating needs. The seller is also developing sidewalks and roads, with landscaping planned as part of the site improvements.
The project is located in Athens Clarke County and is zoned "I" within the ACC TAD district. Developer options include pads and shell buildings for sale, with build-to-suit and lease options available; this listing specifically covers the turn-key shell for the 4,000-square-foot building. Construction is underway, with delivery targeted by year-end, and Buildings 200, 300, and 600 also currently under construction.
This offering fits industrial and logistics users looking for a ready-to-finish shell with dock access and core utility connections already brought into the building. With dock-high roll-up doors, insulated metal construction, and electrical service and water/sewer stubs included, the space is positioned for a straightforward buildout of interior systems consistent with the buyer’s specific tenant improvements and operational requirements.
The project is located in Athens Clarke County and is zoned "I" within the ACC TAD district. Developer options include pads and shell buildings for sale, with build-to-suit and lease options available; this listing specifically covers the turn-key shell for the 4,000-square-foot building. Construction is underway, with delivery targeted by year-end, and Buildings 200, 300, and 600 also currently under construction.
This offering fits industrial and logistics users looking for a ready-to-finish shell with dock access and core utility connections already brought into the building. With dock-high roll-up doors, insulated metal construction, and electrical service and water/sewer stubs included, the space is positioned for a straightforward buildout of interior systems consistent with the buyer’s specific tenant improvements and operational requirements.
Key Highlights
- New industrial project in Athens Clarke County, zoned "I" in the ACC TAD district.
- Turn‑key shell building (4000 sq ft) available for immediate build‑out.
- Includes 2 front entry doors and 2 dock‑high roll‑up doors.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $9.48 |
| − Vacancy | −$3.4k | −$0.84 |
| EGI | $34.5k | $8.64 |
| − OpEx | −$5.2k | −$1.30 |
| NOI | $29.4k | $7.34 |
4,000 SF · lease $9.48/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 4.14%
Second Best
Industrial
$348.1K
$304.6K – $406.1K
NOI $24,367 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Insulated metal shell with brick front, dock-high roll-up doors, and utility stubs ready for an industrial buildout.
Where is this flex space located?
The property is located at 161 Fritz Mar Lane Athens, GA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: New industrial project in Athens Clarke County, zoned "I" in the ACC TAD district.; Turn‑key shell building (4000 sq ft) available for immediate build‑out.; Includes **2 front entry doors and 2 dock‑high roll‑up doors.**
