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    1934 Lexington Rd Athens, GA 30605

    For Sale
    $2,200,000

    7.78 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 7.78-acre commercial and industrial land parcel presents a remarkable development opportunity in Athens, Georgia. Located at the corner of Lexington Road and Indiana Avenue, this property boasts 750 feet of frontage on Lexington Road and 370 feet on Indiana Avenue, ensuring exceptional visibility and accessibility. The site benefits from a high daily traffic count of 28,900 vehicles, making it ideal for a variety of commercial or mixed-use developments. The relatively level terrain simplifies construction, and all utilities are readily available. Zoned C-G (Commercial General), the property allows for a wide range of uses. Currently, the site includes a 6,600 square-foot commercial building, two small residential houses, and an ice machine, generating approximately $5,175 in monthly rental income. Its strategic location, just two miles from downtown Athens and the University of Georgia, and less than half a mile from the Highway 78 & Loop 10 interchange, provides unparalleled access to a vibrant community and thriving student population. The upcoming completion of the Loop Interchange at Lexington Road in 2025 further enhances the property's long-term value. This prime location, combined with its high visibility and substantial traffic count, makes this a truly exceptional investment opportunity. The property's APN is 174B2 A017 & 174B2 A018. The asking price is $2,200,000.

    Property Features for 1934 Lexington Rd

    General Information

    Property type
    Land
    Lot Size
    338,897 SF

    HighLights

    • 7.78‑acre corner commercial parcel in Athens, GA.
    • High visibility with 28,900 ADT on Lexington Road.
    • Approximately 750 feet of frontage on Lexington Road.
    • C‑G zoning with all utilities available.
    • Relatively level topography.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.345062
    Latitude
    33.9444296

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    FAQs

    What type of property is this?
    Land - 7.78 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 1934 Lexington Rd Athens, GA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 7.78-acre corner commercial parcel in Athens, GA.; High visibility with 28,900 ADT on Lexington Road.; Approximately 750 feet of frontage on Lexington Road.
    Request Owner's contact information
    1934 Lexington Rd Athens, GA 30605
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    Athens, GA 30605
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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
    1934 Lexington Rd Athens, GA 30605
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