What is the asking price for Athens Storage Development?

The lease rate for space here is Contact for pricing.

What is the total size of Athens Storage Development?

The property has a total size of 2.14 Acres.

How many parking spaces are available at Athens Storage Development?

Parking information for the property isn't currently listed. However, other nearby parking options include N01, located 2.94 miles away , and East Broad Street Parking Deck, which is 3.17 miles away.

115 McClung Dr, Athens, GA 30601

For Sale $975,000
Property Type Industrial - Storage
Lot Size 2.14 Acre
Date Updated May 14, 2026
HVAC None

Description

Investing in commercial real estate in Athens, Georgia, offers several compelling advantages. The city is home to the University of Georgia (UGA), which brings a steady influx of students, faculty, and staff, creating ongoing demand for retail, office, and service-based commercial spaces. Athens also has a diversified economy, with growth in sectors such as healthcare, technology, and manufacturing, which further boosts the demand for commercial real estate. The city’s relatively low cost of living and affordable property prices make it an appealing place for businesses and residents alike, contributing to an increasing population and an expanding real estate market. Additionally, Athens is located just an hour away from Atlanta, providing easy access to one of the Southeast’s largest metropolitan areas, which offers excellent opportunities for businesses to tap into regional markets. The local government is business-friendly, offering incentives and support to foster commercial growth. With its growing economy, vibrant downtown, and proximity to Atlanta, Athens presents a promising opportunity for both short-term gains and long-term appreciation in commercial real estate.Discover an exceptional investment opportunity at 115 McClung Dr in Athens, GA, where zoning for self-storage development has been fully approved, significantly reducing entitlement risk and accelerating the path to development. The expansive 2.138-acre site offers 90,000+ proposed gross square feet and is ideally positioned within a high-growth corridor. With strong visibility from Hwy 29, the property benefits from excellent exposure and accessibility. The surrounding area continues to experience substantial residential expansion, with over 2,000 units approved or under development within a one-mile radius, including multifamily communities, senior housing, and new single-family neighborhoods. This concentrated growth underscores increasing demand for convenient, nearby storage solutions. Strategically positioned in a thriving Athens submarket, 115 McClung Dr presents a compelling, shovel-ready opportunity for investors seeking to capitalize on strong market fundamentals and long-term growth.

Highlights

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.
Efficient Use of Space – The proposed facility will have a four-story structure including a basement, maximizing rentable space within a small footprint.
Favorable Demographics – The local population of 72,649 is projected to grow by nearly 4% over the next five years, surpassing the national average.
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 Future Competition – With only a handful of proposed storage projects in the region, there is minimal risk of market oversaturation.
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.
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.
Prime Location – The site is situated near U.S. Highway 29, a major thoroughfare with significant traffic, providing excellent visibility and accessibility.
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.
Proximity to Universities – The area benefits from a high number of students who require storage for dormitory items, further driving demand.
Strong Demand for Self-Storage – Current facilities in the market are at over 85% occupancy, indicating a strong demand for storage space.
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.
Zoning & Permitting Approved – The site has received zoning approval for self-storage development, significantly reducing regulatory risk and allowing a clear path toward permitting and project execution.