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