About This Home

This 0-bedroom, 0-bathroom commercial at 1551 Jennings Mill Rd #1400B in Watkinsville, GA is listed for $725,500 ($227 per sqft). Built in 1998, the home offers 3,200 sqft of living space on a 0.03 acres lot.

Key Features

  • Built in 1998
  • 0.03 acre lot
  • 3 stories
  • 4 parking spaces

Property Details

3 stories
4-car garage
#1400B
1998

Amenities

A/C
Listing 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: 7.0% (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

Monthly Cost Estimate

$5,014/mo

20% down · 6.5% · 30 years

Principal$525
Interest$3,144
Insurance$212
HOA$1,134

Estimates only. Actual payments may vary.

Location

1551 Jennings Mill Rd #1400B

Watkinsville, GA 30677

Property Details

Construction

Brick

Heating

CentralElectric (Heating)

Cooling

Central AirElectric

Appliances

Electric Water Heater

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1551 Jennings Mill Rd is listed at $725,500 ($227/sqft). The estimated monthly payment is $5,015 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $1134/month.

Key features include: Built in 1998, 0.03 acre lot, 3 stories, 4 parking spaces.

This property is listed by Jacob Blickenstaff.

JB

Jacob Blickenstaff

License 384940

Agent at Virtual Properties Realty

Listed by Virtual Properties Realty · Broker phone: 7704955050

MLS# CL361905· Source: Hive MLS· 92 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1551 Jennings Mill Rd #1400B, Watkinsville, GA 30677

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