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t r a n s l a t e

Athens Multifamily Development Opportunity | ± 69.38 Acres

200 Tremont Circle
Athens, GA 30606
PRICE : $4,800,000
PRICE PER ACRE: $69,184
PROPERTY TYPE: Land
SITE SIZE: 69.38 Acres

Highlights

  • Access via heavily traveled Atlanta Highway/US-78, a primary travel corridor in the Athens market (22,000 VPD)
  • Close proximity to Athens Perimeter/GA-10 (33,000 VPD)
  • Less than 2 miles east of Georgia Square Mall, a retail focal point on Athens’ west side
  • Less then 4 miles west of the University of Georgia, the regions primary economic driver
  • The population within a 5-mile radius has increased almost 10% since 2010
  • Affluent demographics with high household income

Description

Subject property is one of the largest remaining land tracts inside the Athens Perimeter. The ± 69.38 acre site can be accessed off Atlanta Highway (US-78), a primary retail corridor in the Athens' market. The property is less than 2 miles from Georgia Square Mall, a focal point on Athens' west side (anchored by Sears, Belk, JCPenney, Hibbett Sports) and less than 4 miles West from the University of Georgia, the region's primary economic driver.

Since 2010, the population within a 5-mile radius has increased almost 10%: 54% of this affluent population has a bachelor’s degree or higher and the average household income within 1-mile is between $60,100 and $100,000 annually. These strong demographics should ensure long-term affluence and stability in the trade area.

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