718 Athens RdLexington, GA 30648
- Outlet malls
- 16,625 SF
Property Details for 718 Athens Rd
- Year built
- 2006
- Construction
- STEEL FRAME
- Lot size
- 3.04 AC
- Property size (Sq ft)
- 16,625 SF
- Zone code
- B2
- Property type
- Outlet malls
- APN
- 077 037
- APU
- 77037
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,288,884
- 6.5%
- $3,958,969
- 7%
- $3,676,186
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,827,110
- Geo Method
- $4,827,110
-
Alternative Use
- Use
- Valuation
- Residential
- $3,339,539
- Hospitality
- $3,059,000
- Educational
- $2,545,052
- Medical
- $2,632,580
- Retail
- $3,958,969
Location Insight
- City
- Lexington
- County
- Oglethorpe
- State
- Georgia
- Latitude
- 33.8835
- Longitude
- -83.1217
- CBSA code
- 12020
- CBSA name
- ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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