Freestanding Flex Space with Drive-In
For Sale
Contact for pricing
165 COILE DR, Athens, GA 30606
C_G zoning and an open interior support office, warehouse, contractor, fitness, and other commercial configurations.
Property Size6,540 SF
Lot Size1.91 Acres
Price / SF$252.29
Days on Market51
Property Features for 165 COILE DR
General Information
Standard status
Active
Size
6,540 SF
Class
A
Total Parking Spaces
20
Lot size
1.91 Acres
Property subtype
Retail, Office, Industrial
Zoning
C_G
Investment Type
Value Add
Warehouse & Industrial
Clear Span
Yes
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Buildings
1
Stories
1
Units
1
Building Size
6,540 SF
Owner Occupied
No
Listing Agency:
Stirling Real Estate Advisors
Listed By:
Dane Henderson · License #GA 428292
(762) 999-0800
Source:
Crexi
Added: Aug 27
Changed: Oct 13
Last Checked: Oct 14 at 10:27PM
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 Stirling Real Estate Advisors
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Investment Insights
Based on property information with market context.
This freestanding flex property contains 6,540 square feet on a 1.91-acre parcel and was built in 2003. The vacant building features an open interior, high warehouse ceilings, and one large roll-up drive-in door. Its prior use as a fitness facility and flexible layout provide a foundation for contractor operations, fleet-related uses, professional office conversion, fitness, martial arts, or indoor sports training, subject to applicable approvals.
The property is located at 165 Coile Drive in Athens, behind the Atlanta Highway commercial corridor and directly adjacent to a Publix-anchored shopping center. Target, The Home Depot, Lowe's, Chick-fil-A, and Westside commercial car dealerships are identified among the surrounding businesses. Athens Commerce Park, described as a 100+ acre business hub, is minutes away and connects directly to Highway 316 for routes toward the Atlanta market.
The property is located at 165 Coile Drive in Athens, behind the Atlanta Highway commercial corridor and directly adjacent to a Publix-anchored shopping center. Target, The Home Depot, Lowe's, Chick-fil-A, and Westside commercial car dealerships are identified among the surrounding businesses. Athens Commerce Park, described as a 100+ acre business hub, is minutes away and connects directly to Highway 316 for routes toward the Atlanta market.
Key Highlights
- 6,540 SF freestanding flex building on 1.91 acres
- C_G zoning designation
- Constructed in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,652
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,040
$1.7M
Cap Rate 7%
$1,209,314
$1.2M
Cap Rate 9%
$940,578
$940.6K
Market Conditions
NOI Build-Up for 6,540 SF
Gross rent
$141.3K $21.60/SF
− Vacancy
−$28.4K −$4.34/SF
EGI
$112.9K $17.26/SF
− OpEx
−$28.2K −$4.31/SF
NOI
$84.7K $12.94/SF
Area
Athens, 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%
$1,693,040
Cap Rate 7%
$1,209,314
Cap Rate 9%
$940,578
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,652 @ 7.0% cap · market cap 5.13%
Second Best
Warehouse
$685.8K
$600.1K – $800.2K
NOI $48,009 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,362 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30606, GA
46,798
Population
22,603
Households
2.1
Avg Household Size
33
Median Age
52%
College-Educated
93%
High-School Grad
30.7 sq mi
ZIP Area
1,524
Density / Sq Mi
$61,397
Median Household Income
$35,854
Median Earnings
$1,222
Median Rent
$332,600
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
Similar Off Market Nearby
- Locos Grill and Pub — 2020 Timothy Rd, Athens, GA 30606
Frequently Asked Questions
What type of property is this?
Flex space - C_G zoning and an open interior support office, warehouse, contractor, fitness, and other commercial configurations.
Where is this flex space located?
The property is located at 165 COILE DR Athens, GA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6,540 SF freestanding flex building on 1.91 acres; C_G zoning designation; Constructed in 2003
