895 Oglethorpe AveAthens, GA 30606

  • Specialty properties
  • 3,425 SF
For Sale
$668,000 View listing

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
Specialty properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
895 Oglethorpe Ave, Athens, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,801
$64,000
$153,615
$217,615
-
$160,000
$384,038
$544,038

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