GA > Athens
Athens, GA 30606,8420 Macon HWY
Athens, GA 30606,8420 Macon HWY
Athens, GA 30606,8420 Macon HWY
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Simona Ispas

Simona Ispas

+1(404) 801-8028
$500,000
Est. payment /mo
1 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10635060

HOA Y/N No

Year Built 1981

Annual Tax Amount $2,688

Tax Year 24

Lot Size 1.000 Acres

Acres 1.0

Lot Dimensions 1

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

Investment Highlights: Immediate Income Potential: Currently configured as a two-unit rental duplex, ideal for continued residential leasing while pursuing future redevelopment. Commercial Upside: Adjacent property was recently rezoned for office use, increasing the likelihood of successful rezoning for commercial, office, or mixed-use development. Prime Location: Directly beside Athens Academy and minutes from Watkinsville and Athens, with excellent traffic counts and corridor visibility. Path of Progress: The U.S. 441 / Macon Highway corridor continues to attract major investment, including Oconee Mercantile (planned mixed-use project), Christian Brothers Automotive, and other emerging medical and professional developments. Flexible Exit Strategies: Operate as a rental duplex for steady cash flow or pursue rezoning and redevelopment to maximize long-term asset value. Property Description 8420 Macon Highway offers a prime investment opportunity with both immediate income and long-term redevelopment potential along the rapidly expanding U.S. 441 / Macon Highway corridor in Oconee County. This single-story, all-brick duplex totals approximately 2,213 square feet on 1.09 acres directly adjacent to Athens Academy. Each unit features its own private entrance, full kitchen, living area, and sunroom-with one side configured as a 2-bedroom, 1-bath and the other as a 2-bedroom, 1.5-bath. The property provides ample parking, a level site, and high visibility with convenient access to both Watkinsville and Athens. The prospects of immediate rental revenue potential while offering significant upside through renovation or commercial repositioning. Importantly, the parcel sits immediately adjacent to a property recently rezoned for office use, underscoring the strong likelihood of successful rezoning for commercial development. With its strategic location, strong traffic exposure, and proximity to established institutional anchors, 8420 Macon Highway stands out as an excellent candidate for future office, professional services, or small-scale commercial redevelopment-while maintaining flexibility as a functional duplex investment in the near term. Location Highlights Positioned beside Athens Academy and just down the road from Presbyterian Village, this property lies squarely within Oconee County's most active growth and redevelopment corridor. The area continues to attract both commercial and medical development, including the planned Oconee Mercantile mixed-use project, Christian Brothers Automotive, and other professional offices near Hog Mountain Road (Highway 53). This corridor serves as a primary gateway to Watkinsville and southeast Oconee County, supported by strong traffic counts, new infrastructure investment, and robust development momentum. The combination of existing income, rezoning potential, and location in the path of progress makes 8420 Macon Highway a rare and versatile investment opportunity in one of the region's most desirable growth areas.

Location

State GA

County Oconee

Rooms

Basement Dirt Floor

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Side/Rear Entrance

Community Features None

Utilities Available Electricity Individual Meters

View Y/N No

Garage No

Private Pool No

Building

Faces 8420 Macon Highway, Athens, GA 30606

Foundation Block

Sewer Septic Tank

Water Public

Structure Type Brick

New Construction No

Schools

Elementary Schools Oconee County Primary/Elementa

Middle Schools Oconee County

High Schools Oconee County

Others

HOA Fee Include None

Tax ID C 03C 001E

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Resale

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Georgia MLS - GAMLS
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Simona Ispas

Simona Ispas

+1(404) 801-8028

REALTOR® | License ID: 401707

REALTOR® License ID: 401707

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