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    FOR SALE
    Commercial real estate

    1934 Lexington Rd, Athens, GA 30605

    1,666 SF 6.48 ac lot Built 1969
    Entity Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US22-0941164
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1969
    Total area 1,666 SF
    Lot 6.48 ac (282,269 SF)
    Zoning code C-G
    APN 17-4-B2 A-017
    UPID US22-0941164
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    The Haven Of Athens LLC · 6 yrs held
    The Haven Of Athens LLC
    since 2019
    2 recorded transactions
    2019
    2019
    $980,000
    Zoning & alternative use
    C-G · Athens, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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