173 Athens St Winder, GA 30680
- Warehouses
- 4,080 SF
- 0.73 lot acres
Current Use by Public Records
- Fort Knox Self Storage / Self-Storage Facility
- Winder Mini Warehouses / Self-Storage Facility
Property Details for 173 Athens St
- Year built
- 1984
- Construction
- STEEL FRAME
- Lot size
- 0.73 lot acres
- Property size
- 4,080 SF
- Zone code
- B-1
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- WN12 534
- APU
- WN12534
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $570,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $450,000
- 6.5%
- $465,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $395,000
- Mixed-Use
- $530,000
- Hospitality
- $485,000
- Educational
- $440,000
- Residential Income
- $500,000
- Energy
- $425,000
- Income-Based Land
- $380,000
- Food Service
- $485,000
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
