Residential Land with Home for Sale in Watkinsville, Georgia

TWO PROPERTIES Downtown Watkinsville Investment Properties with Immediate Income and Land to Build - Rare opportunity to own TWO income-producing properties on 3.22 acres within the city limits of Watkinsville. This unique offering is adjacent to an area experiencing downtown redevelopment activity, adding to the long-term appeal of this prime location. The property includes two adjacent, fully renovated homes located near the corner of S. Main Street and Colham Ferry Road, offering a highly desirable downtown Watkinsville setting with land, privacy, and future potential. Both homes were originally built in the early 1970s and have been recently renovated, featuring new roofs, updated HVAC systems, fresh interior paint, new flooring, renovated kitchens with new appliances, and updated bathrooms. The properties are tenant-occupied and currently generate approximately $4,600 per month in rental income, making this an attractive investment property with immediate cash flow. The land consists of multiple tracts with mixed zoning, including Agricultural and R-3 Residential, providing flexibility for future use subject to buyer due diligence and required approvals. A recorded easement provides access via a private drive, creating a quiet, tucked-away setting while remaining walkable to Wire Park, Thomas Farm Preserve, Watkinsville Woods, and downtown shops, dining, and community events. Located in the Oconee County School District, this property is well suited for investors, buyers seeking a multi-generational family setup, or those looking for a long-term hold in a prime Oconee County location. Opportunities combining downtown acreage, rental income, and zoning flexibility are increasingly rare. Contact the listing agent to discuss the current income and future potential this property offers!