Pending
31

1155 MITCHELL BRIDGE RD Athens, GA 30606

$1,950,000

Bedrooms

Total Baths

Full Baths

12,784

Square Feet

1.30

Acres

2005

Year Built

23 days

On Website

Active Under Contract

Status

Located in the heart of Athens lies an amazing opportunity to own a Value-Add Investment Property. The Arbor on Mitchell Bridge is made up of 2 buildings that function as a 12,784 SF multi-use space with 92 parking spaces. Building A is a 7,376 SF Restaurant space with an additional 2,500 SF of outdoor seating area including a 600 SF dining balcony. The restaurant kitchen is fully equipped with an 18ft vent hood, walk-in cooler and much more. This space is currently leased through June 2022. Building B is a 5,408 SF two-story space and encompasses a salon on the first floor and a second floor spa. No detail was left out in the design of this building. Solar panels were added to assist in power consumption and creation of hot water. The salon tenant's lease expires in 2024 and has already expressed interest in saying longer. There are many Value-Add opportunities that come with this project, including an additional building pad that can accommodate another 5,000 SF as well as the opportunity to extend, release, or renegotiate leases. The luxury atmosphere for patrons of either use makes this property a MUST-HAVE for any owner or investor. Located just inside the Athens GA-10 Loop and off the Atlanta Highway. Highly visible location and close by to major shopping retailers. Easy access to GA Highway 316 and Highway 78. Only 1.5 hours from Atlanta and Hartsfield-Jackson International Airport.

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Details


Interior
Appliances
Other-see Remarks
Living Area
12,784 SqFt.
SqFt Range
10,000-14,999

Hoa Features
Association Amenities
None

Building And Construction
Property Sub Type
Commercial
Property Type
Commercial
Structure
Other-see Remarks
Year Built
2005

Exterior And Lot
Easements
0
Lot Size Acres
1.3
Lot Size Square Feet
56628
Lot Size/Acreage
1+ - 2
Parking Total
92
Rail Frontage
0

Utilities
Cooling
Central Electric
Heating
Central, Electric

Area And Schools
City
Athens
County Or Parish
Clarke
Subdivision Name
No Recorded Subdivision

Financial Info
Short Sale
0

Additional Info
Apx Age
16
SqFt Source
Tax Records

Listing By NAI Elrod Group

MLS# 983921

Data Last Updated 2:09AM - 10/28/2021

Classic MLS

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange/ Broker Reciprocity Program of Classic MLS. Real estate listings held by brokerage firms other than RE/MAX Living are marked with the Internet Data Exchange/Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright© 2021 Classic MLS.

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