Watkinsville, GA 30677,1450 Greensboro HWY
Watkinsville, GA 30677,1450 Greensboro HWY
Watkinsville, GA 30677,1450 Greensboro HWY
Watkinsville, GA 30677,1450 Greensboro HWY
Watkinsville, GA 30677,1450 Greensboro HWY
Watkinsville, GA 30677,1450 Greensboro HWY
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Listed by Daniel Bennett • NAI Elrod Group
Bought with Boyd Smith • Drake Realty Lake Area, LLC

$490,000

$535,000

8.4%
Est.Price: ?

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Est. payment /mo

0.77 Acres Lot


SOLD DATE : 10/31/2022

Key Details

Sold Price $490,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision None

MLS Listing ID 10082341

Year Built 2007

Annual Tax Amount $2,218

Tax Year 2021

Lot Size 0.770 Acres

Property Description

This store front flex space is truly a unique investment find. The current tenant is 6 months into a 3 year lease. The property's Year 1 NOI is $37,250 resulting in a 6.96% Cap Rate. The property currently functions as a thrift store with offices and warehouse. The warehouse portion is approximately 2,600 SF, split into two sections, each featuring a restroom and an 8' grade level rollup door. The back right section of the warehouse also features a kitchenette/breakroom and an additional warehouse office. You won't find a better flex property than this one. If the tenant ever vacates, there are 2 power meters, making it easy to split the facility into two separate suites. Located just outside of Downtown Watkinsville off of Hwy 15 in Oconee County, 1450 Greensboro Hwy is convenient to Athens, Watkinsville, and Lake Oconee. Located in the Watkinsville City limits, this property is only 15 minutes to downtown Athens and just 30 minutes to Lake Oconee.1. Leased with 2.5 Years Remaining, 2. Year 1 Net Operating Income of $37,250, 3. 2,600+/- SF Warehouse with Two 8' Rollup Doors, 4. Large Open Store Front with Great Natural Light, 5. Just Minutes from Downtown Watkinsville in Oconee County

Location

State GA

County Oconee

Zoning Commercial,Freestanding

Interior

Heating Electric, Central

Cooling Central Air, Electric

Flooring Other

Exterior

Parking Features Parking Lot

Utilities Available Sewer Available, Water Available

Roof Type Other

Building

Sewer Other

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Georgia MLS (GAMLS)
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1355 Terrell Mill Rd., Bldg # 1464, Marietta, GA, 30067

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