161 Fritz Mar Lane Athens, GA 30607
COMMERCIAL - Athens, GA
- Added:
- Apr 10, 2025
- Days on Market:
- 458
- Last Refresh:
- Jul 11 at 10:06 pm
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
- 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
Listing agent A.J. Purcell License #394288 (706) 255-4161
Listing office Keller Williams Greater Athens 1361 Jennings Mill Rd,#101, Watkinsville, GA (706) 316-2900
Listing date Apr 10, 2025
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.
The property address is 161 Fritz Mar Lane in Clarke County, Georgia, where multiple buildings in the development are currently underway, including Buildings 200, 300, and 600. The seller has covered the development of the parking lots and roads, supporting the buyer’s ability to move forward with construction as planned.
Utilities are established for practical site readiness, including GA Power readiness for 3-phase 120/208 power with options for 2 x 200 amp service or 1 x 600 amp service for Building 100. ATT fiber internet is listed as ready. The site is also described as including ACC water with a 3/4" meter and sewer service, with county fees paid and additional meters or taps available at buyer cost. For an owner-operator or developer seeking a build-ready industrial site, this pad is positioned to support construction through the end of 2025.
Key Highlights
- Turn‑key pad ready for a 4000 sq ft building (Building 500), permit ready with minimal prep needed for slab setup, allowing for quick construction.
- Located in the Athens Clarke County TAD district and zoned "I" for industrial use.
- Ga Power ready with 3 phase 120/208 power, offering options for 2QTY 200 amp service or 1QTY 600 amp service (building 100 only).
Local Financial Insights For Industrial
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 | −$3.1k | −$0.78 |
| EGI | $34.8k | $8.70 |
| − OpEx | −$10.4k | −$2.61 |
| NOI | $24.4k | $6.09 |
