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1934 Lexington Rd - Development Opportunity
7.78 Acres of Commercial Land Offered at $3,176,646 CAD in Athens, GA 30605
Investment Highlights
- 7.78-Acre Corner Commercial Parcel
- Approximately 750’ Frontage on Lexington Rd
- Open Parcel With Relatively Level Topo
- Great Visibility With Traffic Count of 28,900 ADT
- Zoned C- G With All Utilities Available
Executive Summary
With relatively level terrain, excellent visibility, and a traffic count of 28,900 cars, it’s an ideal location for a new commercial/mixed-use development. This property is just two miles from downtown Athens and the University of Georgia and is under half a mile from Highway 78 & Loop 10 interchange. This area continues to grow steadily with several new multi-family developments, including The Haven of Athens and the new 1,000-bedroom Atlas Athens development. In addition, the new Loop Interchange at Lexington Road is scheduled to be completed in 2025.
This property is zoned Commercial General, allowing for a wide range of commercial uses, and has all utilities available. Currently, on the property, there is an existing 6,600 SF commercial building, two small residential houses, and an ice machine which provide approximately $5,175 rent per month.
This parcel is located at the corner of Lexington Road and Indiana Avenue. Just two miles from downtown Athens and the University of Georgia, this property offers easy access to a vibrant community and a thriving student population. Less than a mile from the Bypass/Loop 10 makes it easy to access from anywhere in the Athens area. You can’t beat the combination of location, visibility, and traffic count this site has to offer.
Property Facts
| Price | $3,176,646 CAD | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Land |
| No. Lots | 1 | Total Lot Size | 7.78 AC |
| Price | $3,176,646 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Land |
| Total Lot Size | 7.78 AC |
1 Lot Available
Lot
| Price | $3,176,646 CAD | Lot Size | 7.78 AC |
| Price Per AC | $408,309 CAD |
| Price | $3,176,646 CAD |
| Price Per AC | $408,309 CAD |
| Lot Size | 7.78 AC |
Fantastic 7.78 Redevelopment Opportunity! These two parcels have 750’ of frontage on Lexington Rd and 370’ of frontage on Indiana Avenue, offering incredible exposure and accessibility.
Description
Fantastic 7.78 Development Opportunity! These two parcels have 750’ of frontage on Lexington Rd and 370’ of frontage on Indiana Avenue, offering incredible exposure and accessibility. Whether you're a developer or an investor, this is an excellent opportunity you don't want to miss. With relatively level terrain, excellent visibility, and a traffic count of 28,900 cars, it’s an ideal location for a new commercial/mixed-use development. This property is just two miles from downtown Athens and the University of Georgia and is under half a mile from Highway 78 & Loop 10 interchange. This area continues to grow steadily with several new multi-family developments, including The Haven of Athens and the new 1,000-bedroom Atlas Athens development. In addition, the new Loop Interchange at Lexington Road is scheduled to be completed in 2025. This property is zoned Commercial General, allowing for a wide range of commercial uses, and has all utilities available. Currently, on the property, there is an existing 6,600 SF commercial building, two small residential houses, and an ice machine which provide approximately $5,025 rent per month. This parcel is located at the corner of Lexington Road and Indiana Avenue. Just two miles from downtown Athens and the University of Georgia, this property offers easy access to a vibrant community and a thriving student population. Less than a mile from the Bypass/Loop 10 makes it easy to access from anywhere in the Athens area. You can’t beat the combination of location, visibility, and traffic count this site has to offer.
PROPERTY TAXES
| Parcel Number | 174B2-A-017 | Improvements Assessment | $122,439 CAD |
| Land Assessment | $653,352 CAD | Total Assessment | $775,790 CAD |
PROPERTY TAXES
zoning
| Zoning Code | C-G |
| C-G |
Presented by
1934 Lexington Rd - Development Opportunity
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