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33456016
33455986

3651 Mars Hill Road, Bldg 800, Watkinsville, GA 30677

BE
GA 251606
NAI Elrod Group
Listed by NAI Elrod Group
$1,100,000
3 days on market
Updated 2 days ago

Investment Office Building — The Summit at Mars Hill

Details
Property Type Office
Sub Type Traditional Office
Square Footage 4,692
Units 4
Cap Rate 6.77%
NOI $74,494
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $234
Class B
Year Built 2007
Buildings 1
Stories 2
Acreage 0.050
Zoning O-I-P
Investment Type Stabilized

Investment Office Building — The Summit at Mars Hill

Marketing description

Property Description: Building 800 at The Summit at Mars Hill is a fully leased office condominium building with 4,692 square feet across two stories in Oconee County. Built in 2007, the building features a brick and frame exterior, covered entry, and ample shared parking — well-maintained and professionally presented, as The Summit at Mars Hill is known for. All four suites are currently occupied, each built out for professional office use, with tenants in place. For an investor, it's a straightforward acquisition — income from day one, no lease-up required.

Location Description: Building 800 is located in The Summit at Mars Hill off Mars Hill Road in Oconee County, less than one mile from both Highway 316 and Highway 78. Downtown Athens is about 10 minutes away, Epps Bridge Centre is just up the road, and Atlanta is roughly an hour via 316. Oconee County continues to be one of the stronger office markets in the Athens area — low vacancy, steady demand, and a professional tenant base that keeps buildings like this occupied.

Investment highlights

  • Fully leased — 100% occupancy, 4 suites
  • $7,256.58/month current gross rent
  • Brick and frame construction, covered entry, shared parking
  • Built 2007 | O-I-P zoning
  • The Summit at Mars Hill, Watkinsville
  • Less than 1 mile to Hwy 316 and Hwy 78

Listing Contacts

BE
GA 251606
NAI Elrod Group
Listed by NAI Elrod Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,494.47
$6,207.87/mo

Valuation Metrics

0
DSCR
6.77%
Cap Rate
6.77%
ROI

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