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Rare DEVELOPMENT Opportunity in the Heart of Downtown Watkinsville Two adjacent, fully renovated homes situated on a combined 3.22 acres right in the fabric of historic downtown Watkinsville. Located along the corner of McNally Park / S Main Street and Colham Ferry Road, with access via Colham Ferry Extension, this unique homestead offers charm, space, and location all in one. This property features three separate tracts of land two with existing homes and the third offering open space ideal for future development. Zoned for top-rated Oconee County schools, both homes were originally built in the early 1970s and recently renovated with: New roofs Updated HVAC systems Fresh paint & new flooring throughout Renovated kitchens with new appliances Fully updated bathrooms A recorded easement down a private dirt road provides access and privacy, opening up to a hidden gem in the middle of town. Currently income-producing, this property presents a rare blend of immediate cash flow and long-term development potential. Whether youre seeking a multi-generational setup, investment opportunity, or the perfect location to expand, this one checks all the boxes. Dont miss your chance to own a truly special piece of Watkinsville.1. Development Potential, 2. Second Residence, 3. Income Producing, 4. Investment Property, 5. Prime Location
| DAYS ON MARKET | 185 | LAST UPDATED | 8/19/2025 |
|---|---|---|---|
| TRACT | Watkinsville | YEAR BUILT | 1972 |
| COUNTY | Oconee | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| Elementary School | Colham Ferry |
|---|---|
| Jr. High School | Oconee County |
| High School | Oconee County |
| PRICE HISTORY | |
| Prior to Apr 15, '25 | $1,300,000 |
|---|---|
| Apr 15, '25 - Today | $1,200,000 |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Brick |
| HEAT | Central |
| LOT | 3.22 acre(s) |
| PARKING | Carport, Off Street |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | Watkinsville |
| TAXES | 5217 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Keller Williams Greater Athens
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The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 GAMLS. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.
