For Sale
$499,000

370 Gaines School RdAthens, GA 30605

Prime Athens location, 2,638 sq ft office, 6.56% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2,638 square foot office building located at 370 Gaines School Road in Athens, Georgia. The property, built in 1950 and renovated in 2018, is classified as a Class B building and sits on a 0.54-acre lot. The building features a single story and is zoned CO. Currently operating as a stabilized investment, the property boasts a strong net operating income (NOI) of $32,746, resulting in an attractive 6.56% capitalization rate. The asking price is $499,000, translating to a price per square foot of $189.16. The entire 2,638 square feet is net rentable. The tenant is responsible for all maintenance. This property is offered for sale by owner and presents a compelling opportunity for investors seeking a stable, high-return investment in a desirable Athens location. Please note that the tenant should not be disturbed.

Highlights

  • $499,000 asking price for this stabilized office investment.
  • 2,638 square feet of rentable space in a Class B building.
  • 6.56% cap rate with a $32,746 NOI.
  • Located on a 0.54-acre lot at 370 Gaines School Rd, Athens, GA 30605.
  • Renovated in 2018.

Property Details for 370 Gaines School Rd

Property type
Office properties, Office space
Square Feet
2,638 SF
Class
B
Year Built
1950
Buildings
1
Stories
1
Lot Size (sq. ft)
23,522 SF

Location Insight

City
Athens
County
Clarke
State
Georgia
Latitude
33.9354259
Longitude
-83.3274016
370 Gaines School Rd, Athens, Georgia

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370 Gaines School Rd
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