1551 Jennings Mill RD #1400B, Watkinsville, GA 30677
1551 Jennings Mill RD #1400B, Watkinsville, GA 30677
1551 Jennings Mill RD #1400B, Watkinsville, GA 30677
1551 Jennings Mill RD #1400B, Watkinsville, GA 30677
1551 Jennings Mill RD #1400B, Watkinsville, GA 30677
1551 Jennings Mill RD #1400B, Watkinsville, GA 30677
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Cherie Edmunds Sullivan

Cherie Edmunds Sullivan

+1(770) 906-7036
$ 725,500
Est. payment | /mo

3,200 SqFt

Save
$ 725,500
Est. payment | /mo
Save

3,200 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status New

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $226

Subdivision No Subdivision

MLS Listing ID 10818600

HOA Y/N No

Year Built 1998

Annual Tax Amount $3,072

Tax Year 25

Lot Size 1,306 Sqft

Acres 0.03

Lot Dimensions 1306.8

Property Sub-Type Commercial

Source Georgia MLS 2

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: 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

Location

State GA

County Oconee

Zoning B-1-Pud

Rooms

Bedroom Description No

Interior

Heating Electric

Cooling Central Air

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electricity Available, High Speed Internet, Water Available

View Y/N No

Garage No

Private Pool No

Building

Lot Description Business Park

Faces 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.

Sewer Septic Tank

Water Public

Structure Type Brick

New Construction No

Others

Tax ID C 01P 014B

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Updated/Remodeled

Georgia MLS - GAMLS
© 2026 Georgia Multiple Listing Service. All Rights Reserved.

Nearby School & Business

Cherie Edmunds Sullivan
Cherie Edmunds Sullivan

Agent | License ID: 262659

+1(770) 906-7036 | [email protected]

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Century 21 Results, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Quick Search