Address
1551 Jennings Mill Road 1400b, Watkinsville, GA
Price
$ 725,500
Property Attributes
- MLS#10818600
- TypeCommercial
- Listing Status Active
- CountyOconee
- CityWatkinsville
- Zip30677
- Style
- Year Built1998
- Taxes$ 3072
- Price$ 725,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3200
- Lot Size0.03 Acres
Data Source:
Georgia MLS (GAMLS)
Property Description
Now offered for sale as a stabilized, income-producing investment, this 3,200 SF Class B professional office unit is 100% leased to a single tenant in a highly desirable Watkinsville location. Positioned along Jennings Mill Road, just minutes from Epps Bridge Parkway, GA 316, and downtown Athens, the property provides excellent access to major corridors, strong visibility, and proximity to retail, dining, and residential growth in Oconee County. Unit 1400B spans three levels - a 1,200 SF lower level and 2,000 SF across the main and second floors - featuring flexible layouts, modern finishes, and ample natural light. The in-place tenant has approximately 4.5 years remaining on a 5-year lease with 4% annual rent escalations already built in, delivering secure, growing cash flow from day one with meaningful upside for an investor over the lease term and beyond, in one of the region's more desirable office markets. Full lease abstract and financials available upon request. Investment highlights List Price: $725,500 Cap Rate: 6.45% (based on Year 1 NOI) Year 1 NOI: $50,784 100% leased to a single tenant - ~4.5 years remaining on a 5-year term 4% annual rent escalations built in - contractual NOI growth every year In-place rent: $15.87/SF/YR + TICAM + utilities (TICAM = $4.23/SF/YR reimbursed by tenant) Passive, low-management single-tenant investment
| Price History | |
|---|---|
| 8/4/2026 | Listed $725,500 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Electric |
| Cooling | Central Air |
| Utilities | Electricity Available,High Speed Internet,Water Available |
| Construction Materials | Brick |
| Year Built | 1998 |
| Unit Number | 1400B |
| Property Subtype | Commercial |
| Tax Year | 25 |
| Business Type | Professional/Office |
| County | Oconee |
| New Construction | false |
| Property Type | Commercial Sale |
| Attached Garage | false |
| Garage Y/N | false |
| Status | Active |
| Directions | Resource Valley office complex. Pull into the complex off Jennings Mill Rd, take an immediate left until it dead ends, then take a left. Building is on your right, unit 1400B. |
| City | Watkinsville |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 1306.8 |
| Carport Y/N | false |
| Tax Annual Amount | 3072.5 |
| Property Condition | Updated/Remodeled |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Public Records |
| Above Grade Finished Area Unit Type | Square Feet |
Exterior Features
| Parking Features | Parking Lot |
|---|---|
| Lot Features | Business Park |
| Water Source | Public |
| Lot Size Area | 1306.8 |
| Building Area Total | 3200 |
| Lot Size Acres | 0.03 |
| Lot Size Source | Public Records |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 30677
Price
Taxes
Year Built
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