283 Clayton StAthens, GA 30601

Property Details for 283 Clayton St

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

10,989 SF

Zone code

C-D

Property type

Retail properties

Property subtype

Retail space

APN

17-1-B5 C-008

APU

171B5C008

Description

This exceptional three-story, 10,989 square foot mixed-use building presents a unique investment opportunity in the heart of Athens, Georgia's historic district. Situated on a 0.08-acre corner lot at the intersection of East Clayton and South Jackson Streets, just two blocks from the University of Georgia, this property boasts unparalleled visibility and high foot traffic. Built in 1900 and renovated in 2009, the building features 12-foot ceilings and a recently installed (2023) TPO roof. Currently zoned "Commercial Downtown," it allows for a variety of uses, including retail, office, and residential, with a maximum of 16 beds permitted. The ground floor, previously used for retail, offers an ideal space for a boutique or similar business. The upper two floors provide ample space for conversion into high-end apartments or condominiums, offering significant potential for customization, including the restoration of original brickwork. This well-maintained property, with no deferred maintenance, represents a chance to acquire a piece of Athens history while creating a vibrant future. The asking price is $5,000,000. The property's address is 283 E Clayton St, Athens, GA 30601. The APN is 171B5 C008.

• CAP approach

  CAP return

  Valuation

  6%

  $2,834,920

  6.5%

  $2,616,849

  7%

  $2,429,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,196,465

  Geo Method

  $3,196,465

• Alternative Use

  Use

  Valuation

  Residential

  $2,207,410

  Hospitality

  $2,021,976

  Educational

  $1,682,260

  Medical

  $1,740,116

  Retail

  $2,616,849

Location Insight

City

Athens

County

Clarke

State

Georgia

Latitude

33.959

Longitude

-83.3747

CBSA code

12020

CBSA name

ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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