8420 Macon Hwy - Multi-Family FOR SALE


Athens, GA 30606
$500,000 USD
706-340-6066
8420 Macon Hwy, Athens, GA for Sale
$500,000 USD
Multi-Family - FOR SALE
1/26
null | Request Cap Rate

8420 Macon Hwy
Athens, GA 30606


HIGHLIGHTS

  • Prime corridor location directly next to Athens Academy on U.S. 441
  • Duplex configuration provides immediate rental income potential
  • 1.09-acre site with strong visibility and frontage
  • Future redevelopment opportunity—commercial conversion or new construction possible
  • Surrounded by active growth, including Oconee Mercantile and Hog Mountain Road expansions
  • Located in Oconee County, one of Georgia’s fastest-growing and most desirable markets

OVERVIEW

Property Description: 8420 Macon Highway offers a solid investment opportunity directly adjacent to Athens Academy along the rapidly growing U.S. 441 / Macon Highway corridor. The property consists of a single-story duplex totaling approximately 2,213 SF on 1.09 acres. Each side of the all-brick duplex features its own private entrance, full kitchen, living area, and sunroom, with one unit configured as a 2-bed / 1-bath and the other as a 2-bed / 1.5-bath. The property offers ample parking and a convenient, highly accessible location just minutes from downtown Watkinsville and Athens. The structure is in good condition—fully usable as-is but would benefit from cosmetic and system upgrades to maximize rental income and long-term value. The location also makes it suitable for future commercial conversion or redevelopment as the corridor continues to develop. Location Description: Located next to Athens Academy and just down from Presbyterian Village, this property sits in the path of Oconee County’s most active growth corridor. Nearby developments include the planned Oconee Mercantile mixed-use project, new Christian Brothers Automotive, and other commercial and medical projects emerging near Hog Mountain Road (Highway 53). This corridor serves as a primary gateway into Watkinsville and southeast Oconee County, where increased traffic, infrastructure investment, and new construction are driving both visibility and long-term property demand.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

2

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Duplex in Growing Oconee Corridor

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

AR

APN/PARCEL ID

C03-C0-01E

ASK ABOUT THIS PROPERTY

Daniel BennettNAI Elrod GroupMore Info
706-340-6066

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Daniel BennettNAI Elrod GroupMore Info
706-340-6066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.