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.1. 7.78-Acre Corner Commercial Parcel, 2. Great Visibility With Traffic Count of 28,900 ADT, 3. Approximately 750' Frontage on Lexington Rd, 4. Zoned C- G With All Utilities Available, 5. Open Parcel With Relatively Level Topo
Property Details
Property Features
Listing Office:
Office Name: NAI Elrod Group
Office Phone: (706) 553-1000
Listing Agent: Daniel Bennett
Lot Features
Lot Information:
Lot: Level, Easement
Lot Size: 7.78 Acres
School Info
Assigned Schools Information:
Cedar Shoals High School, Public District Grades 9-12
Hilsman Middle School, Public District Grades 6-8
Gaines Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From downtown Athens, follow Oconee Street out of town. Oconee Street will turn into Oak Street, which will turn into Lexington Road. After the Bypass, the property will be approximately 1/2 mile on your right at the corner of Indiana Avenue and Lexington Road.
Price Information
Listing Price Info
Price Summary:
List Price: $2,200,000
Tax Information:
Annual Amount: $16,170
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Athens, GA.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$11K
Per Month
Principal & Interest
$10.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,662
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
1
/10
Gaines Elementary School
280 Gaines School Rd
Distance between this listing and this school1.32 miles
Public District Grades PK-5
Middle School
3
/10
Hilsman Middle School
870 Gaines School Rd
Distance between this listing and this school1.06 miles
Public District Grades 6-8
High School
3
/10
Cedar Shoals High School
1300 Cedar Shoals Dr
Distance between this listing and this school1.66 miles
Public District Grades 9-12
Assigned Schools
1
/10
Gaines Elementary School
280 Gaines School Rd
Distance between this listing and this school1.32 miles
Public District Grades PK-5
Nearby Schools
3
/10
Howard B. Stroud Elementary School
715 Fourth St
Distance between this listing and this school2.14 miles
Public District Grades PK-5
5
/10
Barrow Elementary School
100 Pinecrest Dr
Distance between this listing and this school2.16 miles
Public District Grades PK-5
Assigned Schools
3
/10
Hilsman Middle School
870 Gaines School Rd
Distance between this listing and this school1.06 miles
Public District Grades 6-8
Nearby Schools
3
/10
Clarke Middle School
1235 Baxter St
Distance between this listing and this school3.48 miles
Public District Grades 6-8
4
/10
W. R. Coile Middle School
110 Old Elberton Rd
Distance between this listing and this school4.03 miles
Public District Grades 6-8
Assigned Schools
3
/10
Cedar Shoals High School
1300 Cedar Shoals Dr
Distance between this listing and this school1.66 miles
Public District Grades 9-12
Nearby Schools
5
/10
Clarke Central High School
350 S Milledge Ave
Distance between this listing and this school2.59 miles
Public District Grades 9-12
3
/10
Classic City High School
440 Dearing Ext
Distance between this listing and this school3.22 miles
The neighbors living near this home have an average income of $29,348. Residents of Athens, GA typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1934 Lexington Rd
What is the listing price of this property?
The listing price of 1934 Lexington Rd property is $2,200,000.
What type of property is this?
The property 1934 Lexington Rd is land located in Athens, Georgia, 30605.
Is this property for sale now?
Active Listing: 1934 Lexington Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1934 Lexington Rd are: Gaines Elementary School: GreatSchools Rating 1/10Hilsman Middle School: GreatSchools Rating 3/10Cedar Shoals High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $16,170 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 19, 2019 for $980,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1934 Lexington Rd in Athens, GA and zip code 30605. This home sits on a 7.78 acre lot. It has been listed on Rocket Homes since July 23, 2023 and is currently priced at $2,200,000.
While more than 36 listings in Athens, GA in March 2024 were sold above asking price, there were more than 40 listings sold at asking price, and more than 85 were sold below. Between February 2024 and March 2024, Athens, GA real estate market has seen increase in the number of listings by 2%. Listings spent 37 days on the market in March 2024, and had a median list price of $340,091 during the same period.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. 
Soccer
Soccer
NBA/WNBA
Mexican League Soccer
Forever 21
Express/Express For Men
Books-a-Million
Dominos Pizza
Starbucks
Church's Chicken
Mazda
Pontiac
Toyota
Rhythmic Contemporary Hits
Urban Contemporary