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    The Avenue Athens, GA 30622

    For Sale
    $1,499,000

    Prime 3.25-acre development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.25-acre commercial and industrial land parcel in Athens, Georgia (APN 044 010K, zip code 30622), presents a unique investment opportunity. Zoned CH, it's ideally situated on The Ave, offering high visibility and convenient access to major thoroughfares like Hwy 78 and Hwy 29. The property is already significantly developed, boasting a cleared and graded site with an existing detention pond. A Land Development Plan (LDP) is in place for a substantial 96,150 square foot, three-story climate-controlled self-storage facility. Geotechnical studies are complete, and architectural and construction plans are nearing finalization. This prime location benefits from its proximity to established businesses, including a Circle K, Pepsi Bottling Group, a Nissan dealership, and a Waffle House, all directly across the street. Furthermore, it's less than two minutes from a Caterpillar assembly plant, ensuring high traffic and strong potential for rental demand. Offered at $1,499,000 and suitable for a 1031 exchange, this ready-to-develop site represents a compelling investment prospect in a thriving market. The property's strategic location and advanced preparation significantly reduce time to market and development costs.

    Property Features for 0 The Avenue

    General Information

    Property type
    Land
    Lot Size
    141,570 SF

    HighLights

    • Approved self‑storage development site.
    • Land Development Plan (LDP) in place; site is mostly pad‑ready.
    • High‑visibility location at the intersection of Hwy 78 and Hwy 29.
    • 3.25‑acre parcel zoned Commercial General (CH).
    • Plans for a 96,150 SF, three‑story climate‑controlled self‑storage facility.
    • Site is cleared, graded, and includes an existing detention pond.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Athens
    County
    Clarke
    State
    Georgia
    Longitude
    -83.499924235794
    Latitude
    33.940116149928

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    FAQs

    What type of property is this?
    Land - Prime 3.25-acre development site.
    Where is this land located?
    The property is located at The Avenue Athens, GA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Approved self-storage development site.; Land Development Plan (LDP) in place; site is mostly pad-ready.; High-visibility location at the intersection of Hwy 78 and Hwy 29.
    Request Owner's contact information
    The Avenue Athens, GA 30622
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    Athens, GA 30622
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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
    The Avenue Athens, GA 30622
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