Turn-Key Industrial Shell
161 Fritz Mar Lane Athens, GA 30607
161 Fritz Mar Lane, Athens, GA, 30607
$712,000
For Sale
$712,000
COMMERCIAL - Athens, GA
Property Size4,000 SF
Lot Size3.19 Acres
Price / SF$178
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# CM1024933
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 offering is a turn-key shell industrial building within a planned industrial development. The shell building is planned as metal construction with a brick front and is insulated. The configuration includes 2 front entry doors and 2 dock-high roll-up doors, along with 4" sewer stub brought into the building and a 3/4" water line brought into the building. An electrical service and meter base are also included. Interior plumbing, electrical, and HVAC are not included, allowing the buyer to complete tenant-specific buildout.
The project is zoned "I" and located in the ACC TAD district. The site plan includes multiple buildings, and the property is currently under construction with delivery planned by year-end. Seller-developed improvements include sidewalks and roads, and the seller is also responsible for landscaping.
For buyers and operators seeking an industrial facility that can be finished to their requirements, this shell option provides key site-ready features such as dock access, utilities stubbed to the building, and basic electrical service. The plan is sized for a single 4,000-square-foot building footprint as identified as building 500 in the site plan, with additional buildings also under construction at the development.
The project is zoned "I" and located in the ACC TAD district. The site plan includes multiple buildings, and the property is currently under construction with delivery planned by year-end. Seller-developed improvements include sidewalks and roads, and the seller is also responsible for landscaping.
For buyers and operators seeking an industrial facility that can be finished to their requirements, this shell option provides key site-ready features such as dock access, utilities stubbed to the building, and basic electrical service. The plan is sized for a single 4,000-square-foot building footprint as identified as building 500 in the site plan, with additional buildings also under construction at the development.
Key Highlights
- New 4000 sq ft turn‑key shell building (Building 500) ready by year‑end.
- Located in the Athens Clarke County (ACC) TAD district and zoned 'I' for industrial use.
- 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 4.12%
Second Best
Industrial
$348.1K
$304.6K – $406.1K
NOI $24,367 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 9.48%
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 - Industrial shell building offers insulated metal construction with brick front and dock-high roll-up doors for flexible tenant use.
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 $712,000.
What are key features of this property?
This property features: New 4000 sq ft turn‑key shell building (Building 500) ready by year‑end.; Located in the Athens Clarke County (ACC) TAD district and zoned 'I' for industrial use.; Includes 2 front entry doors and 2 dock‑high roll‑up doors.
