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    280 Harve Mathis Rd Athens, GA 30601

    For Sale
    $1,200,000

    8.47 Acres, Build-to-Rent Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Exceptional investment opportunity: 8.47 acres of commercially zoned land (C-R) in Athens, Georgia, ideal for developing a senior housing community. This prime location in Clarke County, near a major university, offers significant growth potential. The approved plans include approximately forty single-family villas ranging from 1,200 to 1,500 square feet, each featuring three bedrooms and two bathrooms. A 3,000 square foot activity center and two pickleball courts are also included in the design. The property is zoned to allow for Class A Manufactured Homes, providing flexibility in construction. All utilities are accessible, and a planned wastewater treatment facility will significantly reduce connection fees. The asking price is $1,200,000, translating to approximately $100,950 per acre. This build-to-rent project presents a compelling opportunity to capitalize on the increasing demand for senior living accommodations in a thriving commercial area. The property's address is 280 Harve Mathis Rd, Athens, GA 30601. A drone video showcasing the property is available online.

    Property Features for 280 Harve Mathis Rd

    General Information

    Property type
    Retirement homes
    Lot Size
    368,953 SF

    HighLights

    • ± 8.47‑acre commercially zoned (C‑R) land parcel in Athens, GA.
    • Prime location in Clarke County, near a major university.
    • Approved for Class A Manufactured Homes, with potential for senior housing development.
    • Fast‑growing commercial area of Athens, Clarke County.
    • Drone video available: https://www.youtube.com/watch?v=tAsECLfRNoQ
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Kitchen & Bath Food Market Grocery Store Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.314711063824
    Latitude
    34.013988462105

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    FAQs

    What type of property is this?
    Retirement home - 8.47 Acres, Build-to-Rent Opportunity
    Where is this retirement home located?
    The property is located at 280 Harve Mathis Rd 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: ± 8.47-acre commercially zoned (C-R) land parcel in Athens, GA.; Prime location in Clarke County, near a major university.; Approved for Class A Manufactured Homes, with potential for senior housing development.
    Request Owner's contact information
    280 Harve Mathis Rd Athens, GA 30601
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    280 Harve Mathis Rd
    Athens, GA 30601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    280 Harve Mathis Rd Athens, GA 30601
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