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    OFF-MARKET
    Land

    1608/1610 Lexington Rd, Athens, GA 30605

    2.73 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.73-acre commercial land parcel presents a prime development opportunity in East Athens, Georgia. Situated on a pin corner lot at a signalized intersection boasting 45,250 vehicles per day, this property offers unparalleled visibility and accessibility. Zoned Commercial-General, it benefits from readily available public water and sewer services. The location is experiencing significant revitalization, with recent developments including a renovated movie theater and a new liquor store nearby. Furthermore, the site's proximity to the Loop 10 interchange (currently undergoing improvements) and the Firefly Trail extension enhances its appeal. The property offers flexibility, with options for delivery as-is, pad-ready, or built-to-suit to meet specific development needs. The area also shows strong growth potential, with the addition of 1,500 new multifamily bedrooms in the immediate vicinity. Additional acreage is also available for larger-scale projects. This is an exceptional opportunity for investors and developers seeking a high-impact location in a thriving market.

    Property profile
    Verified
    Property type Land
    Lot 2.73 ac (118,919 SF)
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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