1040 Founders Blvd Athens, GA 30606-6138
- Office buildings
- 6,894 SF
- 3.75 lot acres
Current Use by Public Records
- RESTAURANT SYSTEM SOLUTIONS / Restaurant Supply Store
- Zaxby’s Franchising LLC / Corporate Office
Property Details for 1040 Founders Blvd
- Year built
- 2000
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.75 lot acres
- Property size
- 6,894 SF
- Zone code
- O-I-P
- Property type
- Office buildings
- APN
- B-04-011-DB
- APU
- B04011DB
Description
This exceptional investment opportunity presents a five-building Class B office complex totaling 49,000 square feet, situated on an expansive 11.59-acre lot in Athens, Georgia. The property, located at 1040 Founders Blvd, boasts convenient access to Highway 316, Athens 10 Loop, and Epps Bridge Parkway, providing effortless commutes to downtown Athens and the University of Georgia. Constructed in 2000 and 2002, the five buildings—100, 200, 300, 400, and 500—are well-maintained and feature numerous updates. Building sizes vary, with Building 100 (3 stories, 10,341 sq ft) and Building 200 (2 stories, 6,894 sq ft) complemented by three identical three-story buildings (300, 400, and 500) each measuring 10,341 or 10,941 sq ft. Each building includes a dedicated elevator and two restrooms on every floor. The entire complex offers 177 parking spaces. The asking price for the entire 49,000-square-foot complex is $9,000,000 ($183.67/sq ft). Individual building purchases are also possible. The property's strategic location and well-maintained condition make it an attractive investment prospect. The property is also available for lease at $25 per square foot. The zip code is 30606, located in Oconee County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,905,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,630,000
- 6.5%
- $6,500,000
- 7%
- $7,635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,865,000
- Geo Method
- $7,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,120,000
- Retail
- $8,390,000
- Mixed-Use
- $8,415,000
- Hospitality
- $7,570,000
- Educational
- $6,865,000
- Residential Income
- $6,810,000
- Energy
- $7,400,000
- Income-Based Land
- $8,210,000
- Food Service
- $7,860,000
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Oconee
- State
- Georgia
- Longitude
- -83.4549
- Latitude
- 33.9091
- CBSA code
- 12020
- CBSA name
- ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA