115 McClung Dr

For Sale

115 McClung Dr, Athens, GA 30601

This Athens property for sale is located at 115 McClung Dr. The current listed sale price for 115 McClung Dr is $1,350,000. 115 McClung Dr is situated on a lot that is 3.39 acre in size.

Contacts

broker
Luke Sauls

Sauls Commercial Real Estate

Property Details

  • Property Type VacantLand
  • Lot Size 3.39 Acre
  • Date Updated Mar 21, 2025
Explore the promising investment potential of the area surrounding 115 McClung Dr in Athens, GA for a self-storage development. Boasting a strong foundation for residential growth, this location is strategically positioned to meet the increasing demand for storage solutions. With the burgeoning residential community and the University of Georgia in close proximity, the need for convenient and accessible self-storage facilities is on the rise. The thriving downtown district and nearby attractions further enhance the appeal of this location for potential investors. Take advantage of the area's residential growth and vibrant community to capitalize on the demand for self-storage solutions in this dynamic and evolving market.Discover an exceptional investment opportunity at 115 McClung Dr in Athens, GA. This expansive property spans over 3.39 acres and proposed 100,000+ gross square feet, offering immense potential for development in a high-growth area. With visibility from Hwy 29, the property presents a prime location for maximum exposure and accessibility. Furthermore, the confirmed development of over 2,000 units approved for multiple multi-family apartment properties, senior housing and a new single family community within a one-mile radius underscores the burgeoning demand and promising prospects for this investment. Don't miss the chance to capitalize on this substantial property in the thriving Athens area, strategically positioned for lucrative ventures and future growth.
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Highlights

  • Prime Location – The site is situated near U.S. Highway 29, a major thoroughfare with significant traffic, providing excellent visibility and accessibility.
  • Strong Demand for Self-Storage – Current facilities in the market are at over 85% occupancy, indicating a strong demand for storage space.
  • Growing Residential Market – The area is experiencing significant residential growth, with 2,000 apartment units under development within one mile of the site, creating a steady influx of potential customers.
  • High Traffic Volume – The property is located near a major shopping center, which includes a well-known supermarket, ensuring high drive-by visibility.
  • Limited Modern Competition – Most competing self-storage facilities in the area are older, first-generation facilities that lack modern amenities such as climate control and security.
  • Favorable Demographics – The local population of 72,649 is projected to grow by nearly 4% over the next five years, surpassing the national average.
  • Strong Household Incomes – The average household income in the area is $60,334, which exceeds the self-storage industry’s ideal threshold of $50,000, increasing the likelihood of rental affordability.
  • Climate-Controlled Units in Demand – Absorption rates for climate-controlled storage will remain below equilibrium even with new developments, making this a strategic investment opportunity.
  • Projected Strong Revenue Growth – Feasibility study financial projections estimate an annual revenue of $1.72 million, with a stable 90% occupancy achieved by year three.
  • Efficient Use of Space – The proposed facility will have a four-story structure including a basement, maximizing rentable space within a small footprint.
  • Minimal Parking Requirements – Athens-Clarke County zoning regulations only require parking for the office portion of the facility, optimizing land use for revenue-generating storage units.
  • Zoning & Permitting pending final approval – The site has received favorable zoning status for self-storage development, reducing regulatory hurdles and expediting project approvals.
  • Limited Future Competition – With only a handful of proposed storage projects in the region, there is minimal risk of market oversaturation.
  • Proximity to Universities – The area benefits from a high number of students who require storage for dormitory items, further driving demand.

Getting around

  • 23/100

    Walk Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Athens, GA
  • Zip Code 30601

Points of Interest

  • Groome Airport Shuttle Service

    4.21 miles

  • Kroger

    0.14 miles

  • Marathon

    0.29 miles

  • RaceTrac

    0.39 miles

  • Exxon

    1.13 miles

  • Valero

    2.00 miles

  • Amoco

    2.07 miles

  • Shell

    2.39 miles

  • Chevron

    2.48 miles

  • Ingles

    2.63 miles

  • ClipperCreek

    3.13 miles

  • N01

    2.94 miles

  • East Broad Street Parking Deck

    3.17 miles

  • 1PP

    3.20 miles

  • Clarke County Courthouse Parking Deck

    3.24 miles

  • Tailgating

    3.26 miles

  • N03

    3.29 miles

  • Waterford Place Condominiums

    3.31 miles

  • N03A (Business Services)

    3.31 miles

  • Wingate by Wyndham Athens Near Downtown

    2.27 miles

  • Bulldog Inn

    2.50 miles

  • Hotel Abacus

    3.07 miles

  • Hyatt Place

    3.18 miles

  • Hotel Indigo

    3.22 miles

  • Homewood Suites

    3.23 miles

  • Hilton Garden Inn Athens Downtown

    3.24 miles

  • Georgia Gameday Center

    3.58 miles

  • SpringHill Suites Athens Downtown/University Area

    3.62 miles

  • Americas Best Value Inn

    3.96 miles

  • Kroger Marketplace

    0.31 miles

  • Piggly Wiggly

    2.00 miles

  • Camino Real Mexican Store

    2.03 miles

  • Dollar General Market

    2.11 miles

  • Tienda Mexicana El Bajio

    2.44 miles

  • Ingles

    2.57 miles

  • Lay-Z-Shopper Convenience Store

    3.31 miles

  • Target

    3.46 miles

  • African Asian International Market

    4.10 miles

  • Walmart Supercenter

    4.63 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Luke Sauls

Sauls Commercial Real Estate

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