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New Industrial Project in Athens

161 Fritz Mar Ln, Athens, GA 30607

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For Sale

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New industrial project with shell buildings for sale.

Type:Retail

Property size:

7,200 SF

Price / SF:

$166/SF

Contact for Pricing

Please call us for current price
and status of this listing

Alexander Purcell

Real Estate License ID: GA 394288

HighLights

New industrial project in Athens Clarke County, zoned "I" in the ACC TAD district.
Turn‑key 7200 sq ft shell building (Building 100) available for immediate build‑out.
Metal construction with brick front, 2 front entry doors, and 2 grade‑level drive‑in rollup doors.
Essential utilities included: insulation, 4" sewer stub, 3/4" water line, electrical service, and meter base.
Sidewalks and landscaping to be developed by the seller.
Building can be delivered by year‑end (2024).

For Sale

Contact for pricing

New industrial project with shell buildings for sale.

Type:Retail

Property size:

7,200 SF

Price / SF:

$166/SF

Added:: Nov 1, 2024
Days on Market:: 588
Last Refresh:: May 13 at 8:20 pm

Property Features for 161 Fritz Mar Ln

General Information

Standard status: Active
Size: 7,200 SF
Property subtype: Retail

Building Details

Year Built: 2024

We can help!

Listing Contact

Alexander Purcell

Listing agent Alexander Purcell License #GA 394288

Listing office Brittany Purcell & Associates | Keller Williams Realty Greater Athens PLACE

Listing date Nov 1, 2024

Source Crexi

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 Brittany Purcell & Associates | Keller Williams Realty Greater Athens PLACE

HighLights

New industrial project in Athens Clarke County, zoned "I" in the ACC TAD district.
Turn‑key 7200 sq ft shell building (Building 100) available for immediate build‑out.
Metal construction with brick front, 2 front entry doors, and 2 grade‑level drive‑in rollup doors.
Essential utilities included: insulation, 4" sewer stub, 3/4" water line, electrical service, and meter base.
Sidewalks and landscaping to be developed by the seller.
Building can be delivered by year‑end (2024).

Overview

Located in Athens Clarke County, 161 Fritz Mar is a new industrial project zoned "I" in the ACC TAD district. The project features five 4,000 sq ft buildings and one 7,200 sq ft building divided into two units. The developer offers pads and shell buildings for sale, with build-to-suit and lease options available. This listing is for a turn-key shell building within the 7,200 sq ft building (building 100 in the site plan). The shell building features metal construction with a brick front, two front entry doors, and two grade-level drive-in rollup doors. The buildings will be insulated, with a 4" sewer stub, a 3/4" water line, and electrical service and meter base included. Sidewalks and landscaping will be developed by the seller. Interior plumbing, electrical, and HVAC are not included. The building is currently under construction and is expected to be delivered by year-end.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$129.6k	$18.00
− Vacancy	−$13.3k	−$1.85
EGI	$116.3k	$16.15
− OpEx	−$34.9k	−$4.84
NOI	$81.4k	$11.30

7,200 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,376 @ 7.0% cap · market cap 6.78%

Second Best

Warehouse

$755.1K

$660.7K – $880.9K (±1% cap)

NOI $52,854 @ 7.0% cap · market cap 4.40%

Theoretical Best

Office A

$1.74M

$1.52M – $2.02M (±1% cap)

NOI $121,499 @ 7.0% cap · market cap 10.12%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Athens
County: Clarke
State: Georgia
Longitude: -83.3998375
Latitude: 33.9843385

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For sale
Flex space
GA
Athens
30607
161 Fritz Mar Ln

What type of property is this?

Flex space - New industrial project with shell buildings for sale.

Where is this flex space located?

The property is located at 161 Fritz Mar Ln Athens, GA.

What is the asking price?

The asking price for this property is $1,200,000.

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 7200 sq ft shell building (Building 100) available for immediate build‑out.**; Metal construction with brick front, 2 front entry doors, and 2 grade‑level drive‑in rollup doors.

161 Fritz Mar Ln, Athens, GA 30607

New industrial project with shell buildings for sale.

Property Features for 161 Fritz Mar Ln

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Building Commercial Parcel

Day Care Redevelopment Parcel

West Athens Office Condominium

Corner Lot with Redevelopment Potential

Duplex with Two 6-Bed Units

Brick Duplex with Updated Unit

Downtown Athens Retail/Commercial Space

Medical Office Space in Athens

Historic Athens Office Building For Sale

Fully Leased Athens Triplex Investment

Partially Updated Income-Producing Duplex

Well-Maintained Duplex Investment Opportunity

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