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Property profile & analytics
OFF-MARKET Estimated value $2,365,000
Drive through restaurants

4365 Lexington Rd Athens, GA 30605-2525

2,574 SF 1.33 ac lot Built 2017
Entity Owned 3-yr Hold Free & Clear
Property ID
US22-1918647
Property summary
AI-generated overview

This exceptional 2,927 square foot freestanding building presents a rare opportunity for a quick-service restaurant or fast-food establishment. Located in Clarke County, Georgia, on Highway 78, this property boasts a highly desirable location with exceptional visibility and accessibility. Built in 2017, the building is zoned C-G (PD) and sits on a 1.328-acre lot. The property features a convenient drive-thru, a significant advantage for maximizing customer convenience and sales. Its strategic placement directly across from a Walmart Supercenter, which receives approximately 1.6 million visits annually, ensures high traffic volume and significant exposure to potential customers. The cross-access design and multiple points of ingress/egress further enhance accessibility and convenience. The property's position on the right-hand side of the road, along a stretch of Highway 78 with 24,600 vehicles passing daily, guarantees optimal visibility for drivers traveling to Athens and the University of Georgia. The entire building is currently vacant, offering a blank canvas for a new tenant to customize and establish their brand. The parcel number is 234 016E. This is a turnkey opportunity for a business seeking a prime location with high traffic counts and excellent visibility.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2017
Construction STEEL FRAME
Total area 2,574 SF
Lot 1.33 ac (57,935 SF)
Zoning code C-G(PD)
APN 23-4- -016-E
UPID US22-1918647
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
AI Approach AI
$2.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$2.37M
Owner & transaction history
Sterling Properties Athens LLC · 3 yrs held
Sterling Properties Athens LLC
since 2022
Last sale
$2.5M
6 recorded transactions
2022
$2.5M
2018
Price N/A
2017
$2.1M
2017
$470,000
2010
$848,000
2005
$420,000
Zoning & alternative use
C-G(PD) · Athens, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.6M +60.9%
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