718 Athens RdLexington, GA 30648

  • Retail properties
  • 16,625 SF
For Sale
$1,600,000 View listing

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
Retail properties
Property subtype
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
718 Athens Rd, Lexington, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,009
$103,360
$365,360
$468,720
-
$258,400
$913,400
$1,171,800

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].