Introducing an Exceptional Commercial Real Estate Opportunity in the Heart of Downtown Athens, GA - 1095 W Broad St (inclusive of 1075 W Broad St). Nestled on an expansive . 88-acre parcel of prime real estate, boasting an impressive 390+ feet of road frontage along one of Athens' most bustling corridors, this property presents an unparalleled investment prospect. Located in close proximity to the University of Georgia, it enjoys the ideal positioning at the corner of W Broad St and Milledgeville, making it a focal point for potential business endeavors. This property is strategically zoned CG (Commercial General), opening doors to various redevelopment possibilities. Comprising two distinct commercial structures, the first spans 8, 742 square feet, while the second offers 4, 655 square feet, totaling an impressive 13, 397 square feet of prime commercial space. Currently, the larger of the two spaces is tenanted, offering an income stream, with the tenant expressing willingness to explore a lease buyout arrangement, providing flexibility for prospective buyers. There is also a lease for the billboard on site as well. With an estimated daily traffic count of approximately 15, 000 vehicles, this location offers unrivaled visibility and exposure for any business venture. Unlock the potential of this remarkable property, listed at an attractive $3. 85 million. Don't miss out on this exceptional opportunity to make your mark in the vibrant Athens commercial landscape. Contact us today to schedule a viewing and explore the endless possibilities that await at 1095 W Broad St in downtown Athens, GA.
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Our Executive Mortgage Banker:
Our Insurance Division:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,500,000 | $2,500,000 | $2,500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $695 | $695 | $695 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $16,843 | $16,423 | $22,123 |
Total Monthly Payment | $17,663 | $17,243 | $22,943 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.