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1180 Greensboro Hwy Watkinsville, GA 30677

Industrial land Google Maps
17,758 SF 16.99 ac lot Built 1975
Individually Owned 7-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$400k
Range $360k – $440k (±10%)
Property ID US22-2785251

Property summary

AI-generated overview

This exceptional 17.15-acre commercial development parcel presents a unique investment opportunity in the thriving city of Watkinsville, Georgia. Located at 1180 Greensboro Highway, this property boasts a highly visible location within the city limits, offering easy access to essential utilities including water and sewer. Zoned Corridor Commercial, this land is ideally suited for a variety of commercial ventures, capitalizing on the area's robust growth. The site's proximity to Downtown Watkinsville's shops and restaurants, coupled with its less than one-mile distance to the new Wire Park development, ensures high visibility and accessibility. Watkinsville, the county seat of Oconee County, is experiencing rapid expansion, with abundant shopping, dining, and medical facilities within a five-mile radius. The property's strategic location provides convenient access to major transportation arteries, including GA 316 and Highway 78, and is only ten miles from Downtown Athens and the University of Georgia, further enhancing its appeal. This prime location, combined with its substantial size and desirable zoning, makes this parcel an exceptional opportunity for developers seeking a foothold in a rapidly growing market. The asking price for this remarkable property is $4,500,000.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1975
Construction STEEL FRAME
Total area 17,758 SF
Lot 16.99 ac (740,084 SF)
Zoning code I
APN W-08-011
UPID US22-2785251

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2019
$1.4M

Zoning & alternative use

I · Watkinsville, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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