173 Athens St, Winder, GA 30680
- Warehouses
- 4,080 SF
- 0.73 lot acres
Current Use by Public Records
- Fort Knox Self Storage / Storage Facility
- Winder Mini Warehouses / Storage Facility
Property Details for 173 Athens St
- Year built
- 1984
- Construction
- STEEL FRAME
- Lot size
- 0.73 lot acres
- Zone code
- B-1
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- WN12 534
- APU
- WN12534
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 3, 2025 | $525,000 | White Raven LLC | 4u Self Storage LLC | Warranty Deed | $100k · 4u Self Storage |
| Jul 7, 2023 | $475,000 | 4u Self Storage LLC | Bulldog Storage LLC | Warranty Deed | $356k · Pinnacle Bank |
| Jan 31, 2020 | $307,500 | Bulldog Storage LLC | James A Tucker | Warranty Deed | $266k · Farmers Bank |
| Mar 23, 2011 | — | Winder Mini Warehouses LLC | — | Trustees Deed · related | $250k · National Bk/georgia-gainesvill |
Description
This exceptional investment opportunity presents a thriving mini-storage warehouse located at 173 W. Athens Street in the heart of Downtown Winder, Georgia. Situated on a 0.76-acre lot, this facility comprises 96 units catering to diverse storage requirements. The unit mix includes twelve 10x20' units renting at $150 per month each, thirty-six 10x10' units at $95 per month each, and forty-eight 5x10' units renting for $75 per month each. Adding to the income potential, ten 10x20' parking spaces are available, each generating $50 in monthly rental income. Recent upgrades significantly enhance the property's value and operational efficiency. These improvements include new signage, a complete electrical system overhaul featuring LED security lighting, a new breaker panel, and a new service entrance panel. The property benefits from its strategic location within the City of Winder, GA Opportunity Zone, enjoying high visibility with a daily traffic count of 11,500 vehicles, according to GDOT Traffic Data. Projected monthly income totals $9,320, translating to an annual projected income of $111,840. This well-maintained facility offers a compelling investment opportunity with strong potential for future growth and substantial returns in a vibrant downtown setting.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $570,000
- ML approach
- $485,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $705,000
- 6.5%
- $650,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $373,000
Market price range: $204k - $610k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $415,000 Current use
- RETAIL STORES
- $590,000 Change: +42% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $565,000 Change: +36% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $535,000 Change: +29% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Winder
- County
- Barrow
- State
- Georgia
- Longitude
- -83.7317
- Latitude
- 33.9958
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
