895 Oglethorpe AveAthens, GA 30606

Property Details for 895 Oglethorpe Ave

Year built

1955

Construction

STEEL FRAME

Lot size

0.45 AC

Property size (Sq ft)

3,425 SF

Zone code

C-G

Property type

Day care centers & nurseries

APN

12-1-B2 D-004

APU

121B2D004

Description

This exceptional 3,425 square foot commercial property at 895 Oglethorpe Avenue in Athens, Georgia presents a compelling investment opportunity. Built in 1955 with renovations and additions completed in 2010, the property sits on a 0.45-acre corner lot and is zoned C-G, making it ideal for a variety of uses within Athens-Clarke County. Its strategic location offers unparalleled visibility and accessibility, less than 500 feet from the heavily trafficked Oglethorpe Avenue/Hawthorne Avenue intersection and less than a mile from the GA 10 Loop. A prominent monument sign and dual road access from Oglethorpe Avenue and Brooklyn Road further enhance its appeal. Currently configured as a daycare center, the property boasts multiple spacious rooms, a well-equipped kitchen including a dishwasher, a secure fenced play area, and three bathrooms – one featuring child-sized toilets and another with a shower. The property has been meticulously maintained by the current owners. Its convenient in-town location provides easy access to hospitals, schools, parks, and a variety of restaurants, making it an attractive proposition for both business owners and investors seeking a high-traffic, well-maintained commercial space in a thriving Athens community. The asking price is $668,000.

• CAP approach

  CAP return

  Valuation

  6%

  $587,547

  6.5%

  $542,351

  7%

  $503,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $454,787

  Geo Method

  $454,787

• Alternative Use

  Use

  Valuation

  Residential

  $687,995

  Hospitality

  $630,200

  Educational

  $524,319

  Medical

  $542,351

  Retail

  $815,607

Location Insight

City

Athens

County

Clarke

State

Georgia

Latitude

33.9616

Longitude

-83.4149

CBSA code

12020

CBSA name

ATHENS-CLARKE COUNTY, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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