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Property profile & analytics
OFF-MARKET
Outlet malls

718 Athens Rd Lexington, GA 30648-1907

16,625 SF 3.04 ac lot Built 2006
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US22-2874833
Property summary
AI-generated overview

This 8,000 square foot retail space, formerly a Fred's store, presents a fantastic opportunity for a variety of businesses. Located on a major road in Oglethorpe County, this single-tenant property offers convenient access and high visibility. The building boasts approximately 90 parking spaces, ensuring ample customer convenience. A key feature is the existing drive-thru window, ideal for businesses requiring quick and easy customer service. The open floor plan provides flexibility for various layouts and configurations. The property is zoned B2, allowing for a wide range of commercial uses. Situated just 15 minutes from Athens, this location offers the advantage of a lower lease rate compared to properties within the city limits, while still maintaining excellent accessibility and proximity to schools. Easy ingress and egress further enhance the property's appeal. The asking rent is $6.00 per square foot. This is a prime opportunity for businesses seeking a well-located, spacious, and affordable retail space.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2006
Construction STEEL FRAME
Total area 16,625 SF
Lot 3.04 ac (132,422 SF)
Zoning code B2
APN 077 037
UPID US22-2874833
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
Current use
Occupant on record · Public records
  • higi Physician
  • Carquest Auto Parts - Lexington Auto Parts LLC Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Picktown Properties LLC · 6 yrs held
Picktown Properties LLC
since 2020
Last sale
$365,000
6 recorded transactions
2022
Price N/A
2021
Price N/A
2020
$365,000
2007
$1.1M
2006
$79,000
2006
$52,000
Zoning & alternative use
B2 · Lexington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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